Simec invests $300M to double steel mill capacity in Pindamonhangaba

Mexican group Simec announced a $300 million investment to double capacity at its steel mill in Pindamonhangaba, São Paulo, from 500,000 to 1 million tonnes per year, with completion expected by mid-2024 and 450 new jobs.

“The Mexican group Simec, the third-largest long steel producer in Brazil, unveiled Thursday an investment of $300 million to increase twofold its steel mill located in Pindamonhangaba.”valorinternational.globo.com

• 1 source
• valorinternational.globo.comSimec to inject $300m in steel mill in São PauloIvo RibeiroJun 30, 2022

Summarized from public sources; check the original articles before acting on it.