DeAcero Announces Investment of 12 Billion Pesos

Since its establishment in 1952, DeAcero has made a significant impact on Mexico's development. On the occasion of its 70th anniversary, the company announced this investment to "strengthen sustainable production that addresses national demand and contributes to combating climate change, as well as strengthening the country's economic growth," as stated in a company statement. 

This investment will primarily focus on innovation and technological modernization, according to Raúl M. Gutiérrez Muguerza, Chairman of the Board of Grupo DeAcero. Half of the investment will be allocated to enhancing production and sustainability processes in 2022, while the remaining investment in 2023 and 2024 will consolidate projects aimed at increasing production by an additional one million tons per year for the domestic market. The investment will benefit various industries, including construction, agriculture, energy, manufacturing, infrastructure, and oil and gas. 

Grupo DeAcero is a leading producer of long steel, wire, and reinforcement steel in Mexico and globally. It is also Mexico's largest steel recycler, with over 4 million tons of recycled steel processed in its recycling centers. The company's investment is expected to have a positive impact on the more than 20 international markets where it operates, supporting job creation and the development of productive supply chains.