# Deacero to invest $1B in Mexican steel operations

Grupo Deacero will invest $1 billion over three years to build a new steel mill in Saltillo, Coahuila, and expand facilities in Celaya, Guanajuato, increasing capacity by 1.2 million tons per year.

- Type: Investment
- Announced: 2023-09-18
- Where: Saltillo, Coahuila; Celaya, Guanajuato, Mexico
- Value: $1.00B
- Jobs: 1,000
- Status: announced
- Capacity: 1.2 million tons per year
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Grupo DeAcero](https://endata.com/companies/35462.md)

## Sources

- [mexiconewsdaily.com](https://mexiconewsdaily.com/news/deacero-to-invest-us-1b-in-mexican-steel-operations/), 2023-09-18: "It will be an intelligent, automated and sustainable plant to take care of the physical integrity and safety of employees and guarantee high standards of quality, service and productivity."

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