Michoacán receives investment from ArcelorMittal for 150 million dollars
Mexico Now | May 10, 2022 |

ArcelorMittal México, one of the most important steel companies in Latin America, will invest US$150 million to boost mining in Michoacán, according to the state governor, Alfredo Ramírez Bedolla.

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"There are more ArcelorMittal investments on the horizon, there is a great possibility of continuing to take advantage of the ore we have, such as iron," said the Governor during the announcement of the investment.

The investment will be capitalized in the Las Trucas area in Michoacán, said Víctor Manuel Martínez Cairo, representative of ArcelorMittal. During the announcement, it was also mentioned that the brand's new rolling mill in Lázaro Cárdenas will generate 500 direct and 3,000 indirect jobs and is expected to increase the national production of rolled steel from 2.5 million tons to 5.3 million tons. tons.

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The Governor recognized the work of ArcelorMittal in the state and expressed his support for the development of the company and others that promote Michoacán.

In Solili you can consult industrial warehouses available in Guadalajara, Tijuana and Ciudad de México

Original note

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