ALTOS HORNOS DE MEXICO, S.A. DE C.V.
ALTOS HORNOS DE MEXICO, S.A. DE C.V.: AHMSA Announces Fourth Quarter 2018 Results
MONCLOVA, COAHUILA / ACCESSWIRE / March 1, 2019 / Altos Hornos de México, S.A.B. de C.V. and Subsidiaries (”AHMSA” or ”the Company”) (BMV: AHMSA) reported financial results for the fourth quarter period ended December 31, 2018 (4Q 2018). Financial and operating figures included in this report are unaudited and are based on AHMSA’s operating figures and financial statements; they are prepared in accordance with International Financial Reporting Standards (IFRS) and are expressed in U.S. dollars (US$) and metric tons (MT), unless otherwise indicated.
AHMSA currently maintains a number of strategic investments:
The complete version of this document is available at http://ir.ahmsa.com/ in Spanish and at http://ir.ahmsa.com/en/ for the English version. About AHMSA AHMSA is the largest steel producer in Mexico. The Company was founded in 1942 and began operations in 1944. In December 1991, the Company was privatized and Grupo Acerero del Norte, S.A. de C.V. (GAN) assumed control. In December 1995, GAN incorporated into AHMSA the iron ore and coal mines to convert AHMSA into an integrated steel producer in Mexico with a nominal capacity of 3.8 million MT of liquid steel per year. Since 2007, it has managed the Fénix Project, the most ambitious investment program in the Company’s history aimed at increasing installed capacity by at least 40% and enabling AHMSA to surpass 5 million MT of liquid steel per year following the incorporation of its new electric arc furnace. With this new equipment, AHMSA also expanded its ranges of steel and increased specifications, which allows the Company to enter new market niches. In 2017, AHMSA held 12% share of the domestic steel market, 22% of the domestic market for flat products and 12% of exports from Mexico of finished steel products. The corporate headquarters and steel mills have an area of approximately 1,200 hectares and is located in Monclova, Coahuila de Zaragoza, 248 km from the U.S. border. IR Contacts:
SOURCE: ALTOS HORNOS DE MEXICO, S.A. DE C.V.
03/01/2019 EQS Newswire / EQS Group AG |