# Nippon Steel to invest $66M in electrical steel processing center in Mexico

Nippon Steel will invest $66 million to build an electrical steel sheet processing center in Apaseo el Grande, Guanajuato, Mexico, with a capacity of 120,000 metric tons per year, targeting the automotive industry for electric vehicle production. Operations are planned to start in April 2025.

- Type: New facility
- Announced: 2024-03-12
- Where: Apaseo el Grande, Guanajuato, Mexico
- Value: $66.0M
- Starts operating: Apr 2025
- Status: under construction
- Capacity: 120,000 metric tons per year
- Products: electrical steel sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md)
- [Nippon Steel Trading Corporation](https://endata.com/companies/15212.md) (partner)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nippon-steel-will-invest-66-million-in-a-new-processing-center-in-mexico-1331672.htm), 2024-03-12: "Nippon Steel will invest $66 million in the construction of an electrical steel sheet processing center for the automotive industry in the central Mexican state of Guanajuato."

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