# Grupo Vasconia to build $50M aluminum flat-rolled plant in Veracruz

Grupo Vasconia plans to triple production capacity at its Almexa division with a new plant in Veracruz, Mexico. The $50 million facility is expected to start operations in Q1 2022.

- Type: New facility
- Announced: 2021-07-08
- Where: Veracruz, Mexico, Mexico
- Value: $50.0M
- Starts operating: Q1 2022
- Status: announced
- Capacity: triple production capacity of aluminum flat-rolled
- Products: aluminum flat-rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Grupo Vasconia](https://endata.com/companies/56371.md)

## Sources

- [milenio.com](https://www.milenio.com/negocios/grupo-vasconia-busca-vender-eu-gracias-t-mec), 2021-07-09: "Podemos vender todo lo que fabricamos, realmente nuestra limitante es la producción, por lo que estamos muy confiados de que abriendo la planta en Veracruz, vamos a tener un crecimiento muy relevante."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.