Thyssenkrupp Materials de México opens new stocking location

Thyssenkrupp Materials de México is opening a new service center in San Luis Potosí. It held an inauguration ceremony for the new location on Jan. 25.

The $37-million facility will serve Mexico’s burgeoning automotive sector, the company said. Operations are slated to begin on Feb. 15.

Thyssenkrupp’s new plant houses a Schuler cutting line, which will cut raw pieces of high-strength steel and aluminum for use in the auto industry.

The San Luis Potosí facility is the company’s fourth stocking location in the country, joining facilities in Saltillo, Pubela, and Silao.

The company said it has invested more than $100 million over the last 15 months to support its growth strategy for North America.

“The needs and requirements of the[automotive] industry are changing rapidly. In the context of the major transformation issues of electromobility, sustainability, and supply chain resilience, Mexico is a clear growth market for us,” said Martin Stillger, CEO of thyssenkrupp Materials Services.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.