Toll Processors
Venture Steel plans expansion of Mexican processing facility
Written by Laura Miller
May 23, 2024
Venture Steel announced plans to expand its flat rolled processing facility in Ramos Arizpe, Coah., Mexico.
Along with a building expansion, the company is also adding new processing equipment.
Venture Steel is a processor and distributor of flat-rolled steel and aluminum products, operating six facilities across North America.
The project is expected to be completed in the first quarter of 2025, the Toronto-based company said in a statement sent to SMU.
“This is a very exciting time for us at Venture Steel. Our expanded footprint in Mexico will enable us to continue to provide industry leading service in support of our growing customer base,” said Venture Steel’s president, Tony Kafato.
Expansion of sister facility
Concurrently, Venture Steel’s sister company, Triple M Metal, is also expanding its metal recycling operations adjacent to Venture Steel’s Ramos Arizpe facility.
Triple M’s expansion will focus on the processing of nonferrous metal and is also anticipated to be compete in Q1 next year.
Triple M Metal is a recycler of both nonferrous and ferrous metal. It operates 44 locations across North America, processing more than 4 million tons of metallic scrap annually.
Venture Steel and Triple M Metal are divisions of Brampton, Ontario-based metal management company, Giampaolo Group. The “collaborative approach” of expanding the two operations simultaneously “is a part of Giampaolo Group’s vision for a sustainable and circular future,” it said.
Laura Miller
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