Madison Metal Processing Plant in Alabama Starts Trial
Steel Summit Holdings, Toyota Tsusho America and Southern Mobility Products new US joint venture Madison Metal Processing’s USD 40 million 110,000 square foot facility in Limestone County in Alabama in US is creating 40 jobs. Full production is planned for mid-2022, with trial production already underway. As a full-service steel processing service center, MMP will specialize in blanking and warehousing steel products including hot rolled steel, cold rolled steel, and exposed and coated steel products. The company estimates it will process as much as 5,000 tons of steel per month at the new facility.
Madison Metal Processing will supply steel blanks, the precursor to automotive surface body parts, for up to 300,000 vehicles produced at the Mazda Toyota Manufacturing plant. Madison Metal Processing will also provide steel products to other automotive suppliers.
Toyota Tsusho is a major player in the global auto supply chain, and its new collaboration with an arm of Sumitomo Corporation of Americas unites two companies that are giants in their respective industries