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Mitsui Invests in Mexican Joint-Venture Steel Processor

Mitsui Invests in Mexican Joint-Venture Steel Processor

Thursday, May 12, 2005
 
Mitsui Steel Development Co., Inc., a subsidiary of Mitsui & Co.(USA), Inc., has made a 20-percent-equity investment in Acero Prime, a joint-venture steel-processing operation. Acero Prime, headquartered in San Luis Potosi, Mexico, with other plants in Toluca, and Ramos Arizpe, Mexico, had been a venture of Feralloy Mexico and United States Steel Export Company de Mexico (USSEM), subsidiaries of Feralloy Corp. and United States Steel International, respectively. Following the Mitsui investment, Feralloy and USSEM will each own 40 percent of the company, which provides automotive and appliance industries in Mexico with logistics services and processed flat-rolled steel.

 

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