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The Simec Group, Mexican Steelmaker, Announced New Expansion Project for the Pindamonhangaba Plant, São Paulo. Around 750 Jobs Will Be Created
Last Thursday (27), the Simec group, a Mexican multinational steelmaker, announced a new expansion project for the Pindamonhangaba plant in the state of São Paulo. The steelmaker reported that it aims to double production and create 750 new jobs at the unit. The Mexican group plans to invest 300 million dollars, which corresponds to about R$ 1.6 billion, to double the production of rebar and wire rod. See also: Brazil Will Be the Protagonist of the Niobium Revolution in the World, the Essential Metal for the Steel Industry, Electric Cars, Infrastructure, Technology, and Health
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Construction by the Multinational Steelmaker in São Paulo
According to the steelmaker, the forecast for starting construction on the expansion project is this year, which would allow for the start of new production capacity in 2023. For the project, the expectation is that 3,000 temporary jobs will be generated, and once the expansion is completed, 750 direct jobs in the state of São Paulo.
The expansion of the steelmaker in São Paulo will allow for the recycling capacity of the plant to double from 625,000 tons/year to 1.25 million tons/year, thereby doubling all its rebar production in bars and coils, as well as wire rod.
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Announcement of Investments in the State of São Paulo
The mayor of the city in the state of São Paulo, Dr. Isael Domingues, received the announcement of the steelmaker’s investment accompanied by the vice mayor, Ricardo Piorino, Secretary of Economic Development, Roderley Miotto, and Chief of Staff Rodrigo Lóssio. From the Simec group, the following were present: Industrial Director Enrique Flores; Quality Manager Renato Castilho; Engineering Coordinator Igor Rana; Buyer Kátia Barbosa; and Technical Consultant Kaio Pinheiro.
Roderley Miotto, Secretary of Economic Development, says that at the meeting they were able to outline various actions of support and partnership so that this investment indeed brings better days to the economy, in this moment of fragility caused by the pandemic.
Mayor Dr. Isael Domingues expresses that he has very positive expectations for new jobs, increased ICMS transfers, and social contribution. This is a bold step that the steelmaking group announced and is part of a much larger expansion plan that will bring much more development, the mayor emphasized.
About the Simec Group: The Simec Group began its operations in the steel sector in 1969, when a group of families from the city of Guadalajara (Mexico) founded the Guadalajara Steel Company. Continuing with its expansion plan into new markets, the Simec Group in Brazil has steel plants located in the states of São Paulo, Espírito Santo, and Minas Gerais.
See Also: Giant in the Brazilian Steel Industry, Açotubo Will Invest More Than 100 Million Reais in Development
The Açotubo Group, a giant in the Brazilian steel industry and a reference in distribution in Latin America, celebrated 47 years on February 20 with good news. The company announces a new cycle of investments in various strategic and structural actions amounting to R$ 120 million over the next 2 years. The plan is to start the first quarter of 2021 with R$ 50 million, and many job vacancies are expected to follow.
Despite the backdrop of economic uncertainties for the country, the amounts invested by the steelmaker for the 2021 to 2023 triennium are 20% higher than originally planned. Moreover, the budget scheduled for this year is nearly 60% higher than what was spent the previous year, which was R$ 31.5 million, thus confirming the company’s solidity in the steel sector and promising job vacancies.
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