Toll Processors

Venture Steel plans expansion of Mexican processing facility

Written by Laura Miller

May 23, 2024

Venture Steel announced plans to expand its flat rolled processing facility in Ramos Arizpe, Coah., Mexico.

Along with a building expansion, the company is also adding new processing equipment.

Venture Steel is a processor and distributor of flat-rolled steel and aluminum products, operating six facilities across North America.

The project is expected to be completed in the first quarter of 2025, the Toronto-based company said in a statement sent to SMU.

“This is a very exciting time for us at Venture Steel. Our expanded footprint in Mexico will enable us to continue to provide industry leading service in support of our growing customer base,” said Venture Steel’s president, Tony Kafato.

Expansion of sister facility

Concurrently, Venture Steel’s sister company, Triple M Metal, is also expanding its metal recycling operations adjacent to Venture Steel’s Ramos Arizpe facility.

Triple M’s expansion will focus on the processing of nonferrous metal and is also anticipated to be compete in Q1 next year.

Triple M Metal is a recycler of both nonferrous and ferrous metal. It operates 44 locations across North America, processing more than 4 million tons of metallic scrap annually.

Venture Steel and Triple M Metal are divisions of Brampton, Ontario-based metal management company, Giampaolo Group. The “collaborative approach” of expanding the two operations simultaneously “is a part of Giampaolo Group’s vision for a sustainable and circular future,” it said.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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