ArcelorMittal announces $1 billion Mexico investment program

Steel giant ArcelorMittal today announces a major $1 billion, three-year investment program at its Mexican operations, which is focussed on building its downstream capabilities, sustaining the competitiveness of its mining operations and modernizing its existing asset base.

The program is designed to enable ArcelorMittal Mexico to meet the anticipated increased demand requirements from domestic customers, realize in full ArcelorMittal Mexico's productive capacity of 5.3 million tonnes and significantly enhance the proportion of higher-value added products in its product mix.

Source: Nasdaq GlobeNewswire