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United States

Profile: Grupo Simec SAB de CV (SIM)

SIM on American Stock Exchange

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7 Dec 2016
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Grupo Simec, S.A.B. de C.V., incorporated on August 22, 1990, is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products with production and commercial operations in the United States, Mexico and Canada. The Company operates through two segments Mexican and USA. The Mexican segment includes the plants in Mexicali, Guadalajara, Tlaxcala and San Luis Potosi. The USA segment includes approximately seven Republic Steel, Inc. (Republic) plants of which over six are located in the United States (distributed in the states of Ohio, Indiana and New York) and approximately one in Canada (Ontario).

The Company produces a range of SBQ steel, long steel and medium-sized structural steel products. In its Mexican facilities, it produces I-beams, channels, structural and commercial angles, hot rolled bars (round, square and hexagonals), flat bars, rebars, cold finished bars and wire rods. In its the United States facilities, the Company produces hot rolled bars, cold finished bars, semi-finished tube rounds and other semi-finished trade products. The Company's SBQ products are used across a range of engineered end-user applications, including axles, hubs and crankshafts for automobiles and light trucks, machine tools and off-highway equipment. Its structural steel products are used in the non-residential construction market and other construction applications.

In the United States and Mexico, the Company owns and operates over 10 steel making, processing and/or finishing facilities with a combined annual crude steel installed production capacity of approximately 4.2 million tons and a combined annual installed rolling capacity of over 3.8 million tons. The Company operates both mini-mill and integrated steel making facilities. The Company owns and operates a mini-mill in Guadalajara, Jalisco; a mini-mill in Mexicali, Baja California Norte; a mini-mill in Apizaco, Tlaxcala; a cold finishing facility in Cholula, Puebla; approximately two mini-mills in San Luis Potosi, San Luis Potosi, Mexico, and a mini mill in Canton, Ohio, which is an integrated facility in Lorain, Ohio and rolling and finishing facilities in Lorain and Massillon, Ohio; Lackawanna, New York; Gary, Indiana; Memphis, Tennessee, Solon, Ohio and Hamilton, Ontario, all of which the Company owns through its subsidiary, Republic.

I-beams

The Company's I-beams, also known as standard beams, are I form steel structural sections with two equal parallel sides joined together by the center with a transversal section, forming 90-degree angles. The Company produces I-beams in its Mexican facilities and they are used by the industrial construction sector as structure supports.

Channels

The Company's channels, also known as U-Beams because of their U form, are steel structural sections with two equal parallel sides joined together by its ends with a transversal section, forming 90-degree angles. The Company produces channels in its Mexican facilities and they are used by industrial construction sector as structure supports and for stocking systems.

Angles

The Company's angles are two equal sided sections joined by their ends with a 90-degree angle, in an L form. The Company produces angles in its Mexican facilities and they are used mainly by the construction and furniture industries as joist structures and framing systems.

Hot rolled bars

The Company's hot rolled bars are round, square and hexagonal steel bars that can be made of special or commodity steel. The construction, auto part and furniture industries use the round and square bars. The hexagonal bars are made of special steel and are used by the hand tool industry. The Company produces the steel sections in its Mexican and the United States facilities.

Flat bars

The Company's flat bars are rectangular steel sections that can be made of special or commodity steel. The Company produces flat bars at its Mexican facilities. The auto part industry uses special steel as springs, and the construction industry uses the commodity steel flat bars as supports.

Rebar

The Company's rebar is reinforced, corrugated round steel bars with sections from 0.375 to 1.5 inches in diameter, and the Company produced rebar in its Mexican facilities. Rebar is used by the construction industry to reinforce concrete.

Cold-finished bars

The Company's cold-finished bars are round and hexagonal SBQ steel bars transformed through a diameter reduction process. This process consists of reducing the cross sectional area of a bar by drawing the material through a die without any pre-heating, or turning or peeling the surface of the bar. The Company produces these bars in its Mexican, the United States and Canadian facilities, and the auto part industry uses them.

Semi-finished tube rounds.

The Company's semi-finished tube rounds are round bars used as raw material for the production of seamless pipe. The semi-finished tube rounds are made of SBQ steel, and the Company produces them in its the United States facilities. The seamless pipe manufacturers use them to produce pipes used in the oil extraction and construction industries.

The Company competes with Deacero, S.A. de C.V., Talleres y Acero, Grupo Acerero, S.A. de C.V., Nucor Corporation, Arcelor Mittal, Ternium, Gerdau Corsa, Industrias CH, Niagara LaSalle, Charter Steel, Steel Dynamics, Inc., The Timken Company, Commercial Metals Company, Thyssenkrupp and Gerdau Macsteel.

Company Address

Grupo Simec SAB de CV

Edificio A Segundo Piso
Av. Lazaro Cardenas 601
Col. La Nogalera
GUADALAJARA     44470
P: +5233.37706700
F: +5233.37706710

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