Japan-based JFE Steel Corporation and Nucor Corporation, the largest steelmaker in the United States, held a groundbreaking ceremony earlier this week for their Mexican joint venture in Silao, Guanajuato.
Nucor-JFE Steel Mexico (NJSM) plans to invest approximately US$ 270 million to build an automotive steel sheet manufacturing plant. Around 300 permanent jobs will be created along with this operation.
The continuous galvanizing line, scheduled to start operations in 2019, will have an annual output capacity of 400,000 metric tons, according to officials from both companies who attended the ceremony.
SMS Group, a construction and engineering company specialized in the metallurgical industry, revealed it was awarded a contract to build the hot-dip galvanizing line. The Germany-based company offered several details and technical specifications of this project, which can be seen here.