Latin America’s leading steelmaker Ternium has announced that it will integrate its operations in the North American region with a new steel mill and build a wind farm that will supply electricity in Argentina. Ternium CEO Mr Máximo Vedoya said “In a market that is increasingly demanding differentiated products and services, this new project will advance the continued integration of our industrial system and reinforce Ternium's position as a leading steel supplier in the region.” Ternium will invest approximately USD 2.2 billion in the construction of an electric arc furnace based steel mill in the USMCA region with the aim of complementing and supporting the hot rolling mill located at CIT Pesquería. This steel mill will have an annual capacity of 2.6 million tonnes, as well as a direct reduction iron module with an annual capacity of 2.1 million tonnes. The project will also include the construction of a port facility for the handling of raw materials. Ternium expects these plants to come into service in the first half of 2026. Likewise, the company also announced an investment of USD 160 million dollars in the construction of a new wind farm from which energy will be supplied in Argentina. The project is expected to start operations during 2024, will have 72 MW of installed capacity and will allow the replacement with renewable energy approximately 65% of the energy that Ternium acquires from third parties in the national interconnected system. Both projects will accelerate Ternium's progress towards the company's decarbonization goals, which in the medium term seek to reduce carbon dioxide emissions by 20% by 2030.
Latin America’s leading steelmaker Ternium has announced that it will integrate its operations in the North American region with a new steel mill and build a wind farm that will supply electricity in Argentina. Ternium CEO Mr Máximo Vedoya said “In a market that is increasingly demanding differentiated products and services, this new project will advance the continued integration of our industrial system and reinforce Ternium's position as a leading steel supplier in the region.” Ternium will invest approximately USD 2.2 billion in the construction of an electric arc furnace based steel mill in the USMCA region with the aim of complementing and supporting the hot rolling mill located at CIT Pesquería. This steel mill will have an annual capacity of 2.6 million tonnes, as well as a direct reduction iron module with an annual capacity of 2.1 million tonnes. The project will also include the construction of a port facility for the handling of raw materials. Ternium expects these plants to come into service in the first half of 2026. Likewise, the company also announced an investment of USD 160 million dollars in the construction of a new wind farm from which energy will be supplied in Argentina. The project is expected to start operations during 2024, will have 72 MW of installed capacity and will allow the replacement with renewable energy approximately 65% of the energy that Ternium acquires from third parties in the national interconnected system. Both projects will accelerate Ternium's progress towards the company's decarbonization goals, which in the medium term seek to reduce carbon dioxide emissions by 20% by 2030.
