Ternium Colombia’s new steel will begin operations during the first half of 2020 as a major supplier to the Columbian construction industry.
The plant—named Plamar de Varela after its host municipality—will produce 520,000mt of long and compact roll products per annum—a third of the country’s annual consumption, said Sebastian Castro, president of Ternium Colombia. Plamar de Varela, which will test operations in April, has a steel product capacity of 720,000mt.
The company signed an agreement with the Port of Barranquilla to transport its steel products.
Last year, the Port of Barranquilla saw 709,520mt of steel products transported, including rebar, billet, wire rod and heavy machine. Of this amount, 202,000mt of steel products belonged to Ternium Colombia, the Port said in a statement.
Over the last five years, the port has overseen over 1.2mn mt of products for Ternium Colombia.