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Maruichi Steel to build tube mill in Mexico on promising auto market

January 31, 2012 - 09:10 GMT Location: São Paulo

KEYWORDS: Maruichi Steel Tube , Marubeni-Itochu Steel , Toyota Tsusho , Nissan , tube , car

Japan’s Maruichi Steel Tube has announced the establishment of a steel tube mill in Aguascalientes state, central Mexico, to capitalise on the growing Mexican automotive industry.

The unit, scheduled to come on-stream at the end of 2012, will be capable of producing 12,000 tpy of steel tubes, a volume that could be increased in the long-term. The investment is pegged at $10 million. “We plan to locally manufacture the high-quality automotive steel tubes and meet users’ local procurement needs for raw materials,” Maruichi...

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