DeAcero, one of the largest steel companies in Mexico, inaugurated its seventh steel processing center in the border city of Ciudad Juárez, in the northern Mexican state of Chihuahua. It invested $6.3 million and has an installed capacity of 4,000 metric tons to serve the Mexican market and the United States, the company reported in a statement.
The reinforcing steel processing center for the construction industry, specialized in forming steel rebar and profiles. This division of the Mexican steel company is called Ingetek.
“Ingetek strengthens DeAcero's efforts to revolutionize the construction sector in Mexico, as well as to strengthen its export capacity to the United States,” the company said in a press release.
Among the large works in which Ingetek has participated are the Dos Bocas refinery of Pemex, the failed Mexico City Airport in Texcoco, the Mexico-Toluca interurban train, in the construction of wind farms, in the Guadalajara light rail, among many others.
Ciudad Juárez joins the other six centers located in García, Nuevo León; Tlalnepantla, state of Mexico; Mexicali, Baja California; Cancun Quintana Roo; Ramos Arizpe, Coahuila and one in the United States, particularly in Dallas, Texas, 430 miles north of the border city of Nuevo Laredo, Tamaulipas.
Ciudad Juárez is adjacent to the city of El Paso, Texas. A past Ingetek map shows that from their processing center in Nuevo León, they served clients as far as Minnesota, Nebraska, Illinois, Indiana, Colorado and New Mexico.
Ingetek is part of the DeAcero business strategy of diversification. There is also DeAcero Logistic (DAL); Technovía Express, technologies for construction with reinforcing steel; DeAcero Summit, a strategic alliance with the Japanese companies Sumitomo and Suzutoyo, to provide special steel wire for the automotive industry.
There is also Mid Continent Steel & Wire, a business dedicated to the marketing of steel, steel products, and tools in the United States and Canada. The company is the largest manufacturer of nails in the United States with its Magnum brand.
DeAcero has an annual steel production capacity of 4.5 million mt through three steel mills. It also has 14 wire plants and is the largest consumer of metal scrap in Mexico.