Steel Mills
Ternium to Invest $225 Million in Guerrero Plant
Written by John Packard
September 3, 2013
On July 22nd the Ternium Guerrero plant suffered an explosion during maintenance at the electric arc furnace (EAF) which resulted in the deaths of 11 employees.
Late last week Paulo Rocca, Ternium CEO, announced the company was investing $225 million on plant safety, environmental measures, maintenance and remodeling of the Guerrero facilities.
In a press release Ternium defined the industrial safety measures being taken as including, “expanding monitoring systems, installing additional detectors inside each industrial space, reinforcing ventilation systems and outlining new signage and evacuation routes.”
The company is also modifying their organization of the mill and is making changes in the scrap and slag holding areas as well as mineral and transfer yards.
The Guerrero plant was built in the 1940’s and employs 3,900 people of the 9,200 workers Ternium has in Mexico.
John Packard
Read more from John PackardLatest in Steel Mills
Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.
Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.
Cliffs to idle Dearborn blast furnace, restart Cleveland furnace by July
Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.