SOURCE: Industrial Info Resources

Industrial Info Resources

September 12, 2012 06:10 ET

Ternium's $1.1 Billion Steel Complex Backs Mexico's Auto Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 12, 2012) - Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas) -- Operations will begin in July 2013 at Ternium's SA (NYSE:TX) (Luxembourg) new Pesqueria steel complex in Mexico. An investment of $1.1 billion has been made in the project, which will produce high-specification steel products for the automotive industry, which is looking to increase annual auto production to over one million units over the next three years. When Mexican President Felipe Calderon visited the plant, he said, "Ternium's Pesqueria plant represents the most significant single company investment in Nuevo Leon over the last 10 years."

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