DEACERO Invests in Coahuila

With an investment of 600 million dollars, Grupo DEACERO will establish a new steel mill and rolling mill in Ramos Arizpe to produce structural profiles up to 27 inches. This initiative aims to meet national demand for long products, reducing the need for imports.

It is worth noting that the production process of the new steel mill will utilize the best available technology in the world to produce steel through electric arc furnaces, which is environmentally friendly.

With this process, CO2 emissions are seven times lower compared to those generated by blast furnace technology. The plant will feature digital technology to ensure that the scrap metal melting process does not affect the national power grid, making it a pioneering technology in Latin America. Raúl Gutiérrez Muguerza, Chairman of the Board of Grupo DEACERO, expressed that thanks to constant collaboration with local authorities, they have forged an alliance that has allowed them to stand out as one of the country's most competitive regions. He thanked Governor Manolo Jiménez Salinas for his unwavering support and continuous collaboration; and assured that with the support of the community and the commitment of all involved, this steel mill will become a benchmark of excellence and sustainability in the steel industry. It is anticipated that with the new investment, Coahuila will strengthen its position as Mexico's largest steel producer, mentioning that this steel mill, one of the most modern in the world in terms of technology and sustainability, will add one million tons per year to the installed production capacity at the complex. According to DEACERO information, the new steel mill will create more than a thousand direct jobs.

Investments in 2024

Governor Manolo Jiménez Salinas commented that so far this year, Coahuila has announced investments exceeding 70 billion pesos, creating thousands of jobs, and mentioned that investments will continue to arrive. "Large investments continue to come to Coahuila. Today, together with the Gutiérrez family, shareholders of the major Mexican company DEACERO, we announce a new investment of 10.8 billion pesos in our state, which will help us generate more quality jobs for our people. In this blessed land of opportunities, we will continue working together in unity to drive sustainable economic development. Let's move forward together in leaps and bounds," highlighted the state governor.

Likewise, the state governor said that ties with the United States are being strengthened, mentioning that days ago he met with the consuls of the United States, from Monterrey and Nuevo Laredo, because his administration is working on a plan to strengthen the economy with American companies.