In June 2023, it was announced that Pesquería, in Mexico, would be the destination of the largest investment plan in the history of Ternium: 3.2 billion dollars to build the continent's most modern and sustainable steel mill.
“Many people think of steel as an old, ancient material, but steel is the material of the future and we are convinced of that,” explains Máximo Vedoya, CEO of Ternium.
The Pesquería investment plan represents a milestone for both the company and the state of Nuevo León, as it will create more than 1,800 direct and indirect jobs and once it starts operations during the first half of 2026 will generate 2.6 million tons of cast steel in the T-MEC region.
“This steel mill, just like the hot rolling mill, is going to be the most modern and most sustainable in all the Americas. Not only will it have CO2 emissions well below the average, but it will also emit 0.8 tons of CO2 for every ton of steel we make, compared to the average of the world steel industry, which emits 2.2,” he explains.
One of the features that will consolidate it is its 100% remote work scheme, with which operators will be able to work remotely, enhancing Ternium's vision of safety.
In terms of environmental care, it will operate entirely with treated water and will be the fourth Ternium module to use the carbon capture technology developed by Tenova. It will also have the necessary structure to make way for the supply of green hydrogen instead of natural gas as an energy source when it becomes a viable option.
Once the third part of the project is completed, the Pesqueria complex will add up to a total investment of $6.8 billion.
“Steel is used in almost every process: many of the companies that are coming are going to be our customers and that is what gives the value to nearshoring. Steel is the first component of these value chains, and we believe Mexico is the place to produce it. It is an investment that will have plenty of benefits for the whole country,” concludes Vedoya.