Market Segment
September 3, 2013
Ternium to Invest $225 Million in Guerrero Plant
Written by John Packard
On July 22nd the Ternium Guerrero plant suffered an explosion during maintenance at the electric arc furnace (EAF) which resulted in the deaths of 11 employees.
Late last week Paulo Rocca, Ternium CEO, announced the company was investing $225 million on plant safety, environmental measures, maintenance and remodeling of the Guerrero facilities.
In a press release Ternium defined the industrial safety measures being taken as including, “expanding monitoring systems, installing additional detectors inside each industrial space, reinforcing ventilation systems and outlining new signage and evacuation routes.”
The company is also modifying their organization of the mill and is making changes in the scrap and slag holding areas as well as mineral and transfer yards.
The Guerrero plant was built in the 1940’s and employs 3,900 people of the 9,200 workers Ternium has in Mexico.
