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Article: AHMSA DIVESTS GRUPO DEACERO.
- Article from:
- Metal Center News
- Article date:
- April 1, 1999
CopyrightCOPYRIGHT 1999 Sackett Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Grupo DeAcero submitted the winning bid to purchase Aceros Nacionales S.A. from Altos Hornos de Mexico, S.A. de C.V. (AHMSA), Monclova, Coahila, Mexico. Grupo Deacero's winning offer totaled $68 million, which includes about $9 million related to wire rod supply contracts that are pending liquidation.
Located in Tlalnepantla, Estado de Mexico, Aceros Nacionales is a steel minimill with a wire-drawing capacity of 150,000 metric tons dedicated to the production of higher value-added products. AHMSA supplied the wire rod that was used as input material for the mill's finishing facilities.
The divestiture strengthens AHMSA's short-term liquidity and is ...