Altos Hornos de México

Altos Hornos de México S.A.B. de C.V.
Private
Industry Metals
Founded 1942
Headquarters Monclova, Coahuila
Key people
 Alonso Ancira, Chairman
Luis Zamudio, CEO
Manuel Ancira Elizondo, Operations Director
Jorge Ancira Elizondo, Finance Director
Xavier Autrey Vice-Chairman
Products Steels
mining
engineering
Revenue $36.87 billion MXN (2014)[1]
Number of employees
 22,250 (2014)[1]
Parent Grupo Acerero del Norte (GAN)
Subsidiaries List of subsidiaries
Website www.ahmsa.com

Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA) is the largest integrated steel plant in Mexico. It has corporate offices in Monclova, Coahuila, in the center of the Mexican state of Coahuila, 155 miles from the United States border.

In an area of nearly 3,000 acres operates two steelworks plants. AHMSA´s operations start with the extraction of coal and iron ore and finishes with the manufacture of high value-added steel products. Currently, AHMSA operates at an annual production rate of 3.5 million metric tons of liquid steel, and it has a workforce of 19,000 people, including its subsidiary companies.

It is a national leader in the production and commercialization of flat steel products including Hot Rolled Coil, Wide Plate, Cold Rolled Coil, Tinplate and Tin-Free Steel. It also produces non-flat steel products like Heavy Shapes. The Company has its own coal mines in Palau, located 70 miles from Monclova. Once extracted, the washed coal is shipped by railroad to AHMSA’s coke plants.

The main source of iron ore is located in Hercules, Coahuila, a mine owned by AHMSA. From that point the iron ore is transported to AHMSA through a 180-mile pipe (called Ferroduct) that crosses the Coahuila desert. The Company also has iron ore mines in some other Mexican states.

History

AHMSA was founded in Mexico by American Harold R. Pape in 1942. In the late 1970s, it was nationalized by the federal government.

In 1991, it was reprivatized when AHMSA was purchased by Grupo Acerero del Norte (“GAN”), led by current Chairman Alonso Ancira.

In 1997, AHMSA announced that it began operation of Blast Furnace No. 2 as part of the Company's scheduled operational programs.

Mr. Ancira left the country in 1999.

In February 2000, AHMSA announced that it has reached an agreement with the debt holders of Altos Hornos de Mexico, S.A. de C.V. (AHMSA) to restructure AHMSA's debt.

In October 2002, Representatives of the banks, led by Bank of America, Banamex and Bancomer, confirmed that they wished to remove Alonso Ancira from the administration of the company.

In the early 2000s, AHMSA filed for bankruptcy amid declining steel prices. In September 2004, AHMSA announced a strategic alliance with Russian Investors. In recent years, as the price of steel recovered, AHMSA has returned to profitability and plans to exit bankruptcy sometime in 2011.

Quality

AHMSA Green

For Altos Hornos de México and its companies, the philosophy of commitment to the welfare of its employees, their families and the communities that make up its area of influence, is the basic framework that governs all its industrial operations.

In addition to AHMSA’s joint participation with authorities in various community development programs, primarily educational, public safety, and urban cleaning, the work accomplished in the area of environmental protection is particularly worthy of special mention. For over fifteen years, environmental investments of more than 300 million dollars and activities aimed at protecting and preserving the surroundings within the mining and steelworks facilities, as well as in the communities, have positioned AHMSA as an example of high social responsibility.

Progress achieved by AHMSA on environmental issues since 1992 has been significant, having maintained permanent programs on several fronts:

These policies and activities have positioned AHMSA and its companies as benchmarks in the field of Mexican steelworks and mining, establishing it as an example of high social responsibility

Business

AHMSA mines its own iron ore and coal to produce steel, and it also produces steam coal. Ahmsa's main product focus is flat steel products such as hot and cold-rolled coil used for machinery parts, railroad tanks and bridge constructions, and structural shapes, used in the manufacturing industry.

Ahmsa’s main steelmaking facilities and corporate offices are located in Monclova, Coahuila, close to transportation lines, raw materials supplies, principal points of export, and the company’s major domestic markets.

As of April 2014, its subsidiaries included:[2]

Ticker Symbols

AHMSA; IAM (ADR)

NAICs Codes

References

  1. 1 2 "Altos Hornos de Mexico SAB de CV". Financial Times. 31 March 2014. Retrieved 23 April 2014.
  2. ↑ "Subsidiarias AHMSA". Company Website (in Spanish). Altos Hornos de Mexico. Retrieved 23 April 2014.

External links

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