Latin America-focused steelmaker Ternium plans to spend $1 billion to expand its Pesqueria mill in northern Mexico, the company’s CEO, Maximo Vedoya, said this week.
Vedoya said in a conference call with analysts that the investment would expand output at its Pesqueria mill, which recently added a hot-rolling facility.
“We have the ability to produce any product in the hot-rolled mill. But also, the market is needing value-added products like cold-rolled, a coil pickling or a galvanized steel (line),” he said.
The company would add a galvanizing mill, a second cold-rolling mill and other finishing lines.