in October 2010, Nippon Steel and Sumitomo Metal Corporation and Ternium SA have reached an agreement on the creation of a joint venture of Tenigal for the production and sale of automobile galvanized steel sheets. This week, the opening ceremony of the Tenigal production area was held, which was attended by the President of Mexico, in order to celebrate the completion of construction and commissioning the facility together with everyone.
The amount of investment in this company amounted to about 300 million US dollars. It is equipped with modern equipment similar to the one in their arsenal the latest NSSMC objects in Japan, capable of producing high -quality car sheets by hot zincing and external panels from high -strength steels.
Tenigal began to be built in November 2010 in the immediate vicinity of the city of Monterrey in Mexico. The president of Tenigal is Cesar Jimenez. The main activity is the production and sale of automobile galvanized steel sheets.
The investment of own funds amounted to NSSMC 49 percent, and Ternium has 51 percent. The main equipment is represented by a line of continuous hot zincing and a zinc line.
The production capacity of the facility in Mexico is 400 thousand tons of products per year, the volume of investments reached 300 million dollars. The start of commercial operation is scheduled for 2013. The number of employees will be at least 140.
