OREANDA-NEWS. In October 2010, Nippon Steel & Sumitomo Metal Corporation and Ternium S.A. reached an agreement to establish a joint venture, “TENIGAL,” for manufacture and sale of automotive hot-dip galvanized & galvannealed steel sheets.  On September 18, Tenigal held an opening ceremony at the plant site, welcoming President of Mexico, to celebrate completion of construction and start of operation of the facility.

This plant, at an investment of about USD 300 million, has the state-of-the-art equipment equivalent to that of NSSMC’s latest facility in Japan, capable of producing high-grade, high-quality automotive hot-dip galvanized & galvannealed steel sheets, including outer panels and high-strength steels.

The automotive market in Mexico is expected to further grow in the future and stands for an important market for both NSSMC and Ternium. Through TENIGAL, both companies are going to respond appropriately to Mexican automakers’ needs for high-grade, high-quality automotive steel sheets.