Mexico steel plant enters production
An automotive steel wire plant began production in Mexico, according to JV partner Kobe Steel.
The Kobelco CH Wire Mexicana (KCHM) plant, in the city of Silao, Guanajuato state, will produce cold heading (CH) quality steel wire, used to make automotive fasteners – such as nuts and bolts – and cold-forged products for carmakers.
KCHM is a JV between Japan's Shinsho Corporation (40%), Metal One (25%), Kobe Steel, Grupo Simec and Osaka Seiko (10% each) and O&K American (5%).
The plant, plans for which were announced in 2014, has a capacity of 40,000t/y. Construction was expected to require US$41mn of investment, with KCHM capitalized at US$11.9mn, according to the 2014 announcement.
Mexico's steelmakers are seeking to increase participation in domestic sectors, including the growing automotive industry, amid a tough international market.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Mexico)
Mexican opposition candidate rails against 'demonization' of mining
Xóchitl Gálvez, who will represent the opposition coalition in the June 2 presidential elections, has committed to realigning the mining fund, elim...
Riverside Resources and Fortuna Silver sign exploration Earn-In Option agreement for the Cecilia project Sonora, Me...
This new agreement enables the project to immediately move ahead with a robust exploration program and reflects the belief, by both parties, of the...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Mexico)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: El Tigre
- Current stage:
- Updated:
5 months ago
- Project: Pedro
- Current stage:
- Updated:
6 months ago
- Project: Diamante
- Current stage:
- Updated:
6 months ago
- Project: La Yesca
- Current stage:
- Updated:
6 months ago
- Project: Promontorio Silver Resource - La Negra
- Current stage:
- Updated:
6 months ago
- Project: Tejamen
- Current stage:
- Updated:
6 months ago
- Project: Santa Daniela
- Current stage:
- Updated:
6 months ago
- Project: Copalquin
- Current stage:
- Updated:
6 months ago
- Project: Tropico (Almaden Minerals Limited/Santoy Resources Ltd) (Platino)
- Current stage:
- Updated:
6 months ago
- Project: Avino and San Gonzalo (Avino Silver & Gold Mines Ltd / Samsung C&T Corp) (Silver)
- Current stage:
- Updated:
6 months ago
Other companies in: Mining & Metals (Mexico)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: DeAcero S.A. de C.V.  (DeAcero)
-
Mexican steel company DeAcero produces steel derivatives for the domestic and international agricultural, construction, home, and industrial markets. The firm manufactures long ...
- Company: Compañía Minera La Llamarada, S.A. de C.V.  (Llamarada)
-
Minera La Llamarada S.A. de C.V. is a Mexican mining company, subsidiary of the Canadian SilverCrest Metals Inc. It was founded in 2001 to acquire, explore and develop deposits ...
- Company: Compañía Minera Cuzcatlán S.A. de C.V.  (Compañía Minera Cuzcatlán)
-
Compañía Minera Cuzcatlán, the Mexican unit of Canadian miner Fortuna Silver Mines Inc., is in charge of operations at the San José underground silver-gold mine in Mexico's Oaxa...
- Company: Cámara Nacional de la Industria del Hierro y el Acero  (Canacero)
-
Canacero, the Mexican iron and steel industry chamber, aims to bring together and represent all steel producers operating in the country and also those companies associated with...
- Company: Molymex S.A. de C.V.  (Molymex)
-
Molymex S.A. of C.V. (Molymex México) is a molybdenum processor, subsidiary of Chilean consortium Molibdenos y Metales S.A since 1994. It was incorporated in 1979 for production...
- Company: Obras Mineras El Pinguico S.A. de C.V.  (OMP)
-
Mineworks El Pinguico S.A. de C.V. is a Mexican mining company, wholly-owned subsidiary of the Canadian Vangold Mining Corporation. It was incorporated in 2017 for acquisition, ...
- Company: Tracsa S.A.P.I. de C.V.  (Tracsa)
-
Established in 1974, Tracsa is a heavy machinery provider for industry based in Jalisco state, Mexico. The company offers rentals and sales of equipment used in mining, agricult...
- Company: Grupo BAL S.A. de C.V.  (Grupo BAL)
-
Grupo BAL is a diversified business group that has assets in mining (Industrias Peñoles and Fresnillo), the financial services sector (GNP Seguros, Profuturo, Valmex), retail (d...
- Company: MM Carga
-
MM Carga is a logistics firm based in Monterrey, Mexico. The freight services offered by the company include import and export of shipping containers, steel, hazardous materials...