Dongkuk Steel, Completion of Coil Center in Queretaro, Mexico

Second Factory Following Monterey
18 Billion Investment for Annual Processing of 70,000 Tons

At the completion ceremony of Dongkuk Steel's 2nd Coil Center in Quer?taro, Mexico, Vice Chairman Jang Se-wook is presenting a plaque of appreciation to a representative of the 'FINSA Industrial Complex' where the coil center is located. Photo by Dongkuk Steel

Dongkuk Steel held the completion ceremony for its 2nd Coil Center in Queretaro, Mexico on the 30th (local time).

Dongkuk Steel's Queretaro Coil Center is the second coil center in Mexico, following the establishment of the Monterrey 1st Coil Center in 2008. With a total investment of 18 billion KRW, it can process 70,000 tons of color steel sheets annually. Construction began in February last year, and operations and production preparations were completed in March this year.

At the completion ceremony, Jang Se-wook, Vice Chairman of Dongkuk Steel, stated, "We will continue our partnership with customers with the highest competitive capabilities," and added, "We will successfully establish this center to contribute to the economic and industrial development of the Queretaro region."

The Queretaro 2nd Coil Center supplies color steel sheets to global home appliance companies in Mexico, with Samsung Electronics as a major customer. Leveraging Dongkuk Steel's unique know-how recognized as a world-class product, it provides a variety of products, high-quality standards, and timely delivery to meet customer needs.

On the 30th (local time), at the inauguration ceremony of Dongkuk Steel's second coil center in Quer?taro, Mexico, Vice Chairman Jang Se-wook is taking a commemorative photo with local employees. Photo by Dongkuk Steel

The 2nd Coil Center serves as a forward base not only for the home appliance market but also for expanding the color steel sheet market for construction materials. Dongkuk Steel plans to target the Mexican construction materials market with its premium construction color steel sheet brand, ‘Luxteel’. Especially in Mexico, where strong sunlight easily causes corrosion and discoloration of buildings, there is growing local interest in Luxteel products, which guarantee ultra-high weather resistance for up to 25 years.

The completion of Dongkuk Steel's Mexico 2nd Coil Center is a core investment of the ‘DK Color Vision 2030’. Dongkuk Steel’s strategy is to secure profitability by pioneering overseas markets rather than competing in the oversupplied domestic color steel sheet market. Following last year's equity investment in a local steel service center in Vietnam, the 2nd Coil Center was completed in the Queretaro region of Mexico. Through additional investments, the company plans to expand to 8 bases in 7 countries across the Americas, Europe, and Oceania by 2030.

This content was produced with the assistance of AI translation services.