Grupo Simec, a Mexican steel company, announced a new expansion project for the Pindamonhangaba plant in São Paulo. About 750 jobs will be opened
Last Thursday (27), the Group simec, a Mexican multinational steel company, announced a new expansion project for the Pindamonhangaba plant, in the state of São Paulo. The steelmaker said it intends to double production and generate 750 new jobs at the unit. The Mexican group plans to invest US$300 million, which corresponds to around R$1,6 billion, to double production of rebars 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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Works of the steel multinational, in São Paulo
According to the steelmaker, the forecast for the start of works on the expansion project is for this year, which would make it possible to start the new production capacity in 2023. For the work, the expectation is that 3 temporary jobs will be generated and as soon as the expansion is ready, 750 direct jobs in the state of São Paulo.
The expansion of the steel plant in São Paulo will make it possible to double the plant's recycling capacity from 625 tons/year to 1,25 million tons/year, thus doubling its entire production of rebar in bars and coils and wire rod.
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 contribution accompanied by the deputy mayor, Ricardo Piorino, Secretary of Economic Development, Roderley Miotto and chief of staff Rodrigo Lóssio. For the Simec group, the following were present: industrial director, Enrique Flores; quality manager Renato Castilho; Engineering coordinator, Igor Rana; buyer, Kátia Barbosa and the technical consultant, Kaio Pinheiro.
Roderley Miotto, Secretary of Economic Development, says that at the meeting they were able to draw up several support and partnership actions so that this investment actually brings better days to the economy, in this moment of fragility generated by the pandemic.
Mayor Dr. Isael Domingues says he has a very positive expectation of gain with new jobs, increase in ICMS transfer and social compensation. It is a bold step that the steel group has announced and which is part of a much larger expansion plan that will bring much more development, the mayor pointed out.
About 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 Companhia Siderúrgica de Guadalajara. Continuing with its expansion plan into new markets, the Simec Group in Brazil has steel mills 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 its 47th birthday on the 20th of February with good news. The company announces a new cycle of investments in several strategic and structural actions in the order of R$ 120 million for the next 2 years. The plan is to start the first quarter of 2021 with BRL 50 million, and many job openings are to come.
Despite the scenario of economic uncertainty for the country, the amounts invested by the steel company for the three-year period 2021 – 2023 are 20% higher than originally forecast. The amount programmed for this year is almost 60% greater than that used in the previous year, which was R$ 31,5 million, thus confirming the solidity of the company in the steel sector and promising job vacancies.
