ArcelorMittal’s Acindar to Expand Steel Capacity in Argentina
Local media reported that ArcelorMittal’s Argentinian steelmaker Acindar plans to invest USD 200 million at its Villa Constitucion mill to expand steel capacity. The expansion projects are expected to be completed by 2025. Expansion of its production and logistics capacity will help it to more efficiently meet domestic demand while also boosting steel exports. The announcement was made byAcindar’s CEO Mr Everton Negresiolo and the company’s CFO Mr Ignacio Pini, who met the Argentinian minister of economy, Mr Martin Guzman and the Brazilian ambassador for Argentina Mr Daniel Scioli.
Founded 75 years ago in Argentina, Acindar was acquired in 2006 by ArcelorMittal and has plants dedicated to different steel productions in five cities in the country. The most important is that of Villa Constitución. Acindar also has other facilities in Argentina, including its Rosario, San Nicolas, La Tablada and Villa Mercedes plants. ArcelorMittal Acindar is one of the main steel suppliers for different industrial sectors such as civil construction, oil, energy, the automotive industry, agriculture and other manufacturing industries.