Steel Mills
Kloeckner Metals to Build Second Service Center in Mexico
Written by Michael Cowden
October 11, 2021
Kloeckner Metals Corp. will hold a groundbreaking ceremony next week for its second location in Mexico.
The new, 84,000-square-foot facility will be in the central Mexican city of Querétaro and is expected to open in the spring of 2022, the Roswell, Ga.-based service center said.
“Through this strategic investment we will be able to further extend our specialized offering of complex, supply chain solutions to our key market segments with a specific focus on accelerating our growing position in automotive,” Kloeckner Metals CEO John Ganem said.
The groundbreaking ceremonty is scheduled for Tuesday, Oct. 19.
The new location will also serve the HVAC, appliance and metal-forming stampers as well as telecommunication infrastructure and manufacturers of building enclosures for electronics, the company said.
The Querétaro plant will offer hot rolled pickled and oiled (P&O), cold rolled, galvanized and other coated steels as well as stainless and aluminum. It will in addition sport a 72-inch slitter capable of processing thicknesses of 0.010-0.250 inches, Kloeckner said.
Kloeckner has for the last 17 years operated a single plant in Mexico – Kloeckner Metals Monterrey, located in the northern state of Nuevo Leon.
Kloeckner Metals is a subsidiary of Duisburg, Germany-based Klöckner & Co.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."
Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.
Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”