COAHUILA – DEACERO has announced that it will invest $600 million in a new project in Ramos Arizpe, Coahuila, which is expected to create more than 1,000 direct jobs.
The Ramos II project consists of the construction of a new steel mill and rolling mill in Ramos Arizpe to produce structural steel sections up to 27 inches, thus meeting the domestic demand for long steel products and replacing imports.
The company announced that the new investment will see the steelworks, one of the most advanced in the world in terms of both technology and sustainability, increase the complex’s production capacity by one million tons per year, strengthening Coahuila’s position as Mexico’s largest steel producer.
Coahuila Governor Manolo Jimenez said each investment would mean new jobs, making it the most powerful tool for residents and their families.
“The state of Coahuila continues to receive excellent investments that will help create more quality jobs for our people. In this land of opportunity, we will continue to work united to promote sustainable economic development,” Jiménez Salinas emphasized.
Jimenez Salinas stressed that more than 70 billion pesos of investment has been announced for Coahuila in 2024 alone, creating thousands of jobs, and that investment is set to continue.
Raul Gutierrez Mugerza, Chairman of the Board of Directors of Grupo DEACERO, said that thanks to the ongoing collaboration with local authorities, the two companies have been able to work together to forge an alliance that will enable the region to stand out as one of the most competitive in the country.
The new steel mill’s production process will use the world’s best technologies for steel production with electric arc furnaces, an environmentally friendly technology that produces seven times less CO2 than blast furnace technology. The plant will also feature digital technologies that will ensure that the scrap melting process does not affect the country’s power grid, a first for Latin America.
The Ramos II investment project aims to be one of the most modern steel mills in the world, leveraging cutting-edge global technologies. The plant will be intelligent, automated and sustainable, with a focus on protecting the physical integrity and safety of employees, ensuring high quality and productivity standards. It will also use treated water from the cities of Ramos Arizpe and Saltillo to avoid overexploiting the aquifer.
