Altos Hornos de México

Infobox Company
company_name = Altos Hornos de México S.A. de C.V.
company_
company_type = Private
foundation = 1942
location = Monclova, Coahuila
key_people = Alonso Ancira, Chairman
Luis Zamudio, CEO
Jorge Ancira Elizondo, Finance Director
industry = Metals
products = Steels
mining
engineering
revenue = $23 billion MXN (2006)
operating_income = profit$3.5 billion MXN (2006)
net_income = profit$2.3 billion MXN (2006)
num_employees = 20,000
parent = Grupo Acerero del Norte (GAN)
subsid =
homepage = [http://www.ahmsa.com www.ahmsa.com]
footnotes =

Altos Hornos de México (AHMSA), is the largest steel mining corporation in Mexico with installed capacity of 4.2 million metric tons of liquid steel.

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.

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.

In the early 2000s, AHMSA filed for bankruptcy amid declining steel prices. In recent years, as the price of steel recovered, AHMSA has returned to profitability.

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.

ArcelorMittal has a 34.8% stake in AHMSA.

ee also

*Alonso Ancira
*Monclova

External links

* [http://biz.yahoo.com/ic/52/52836.html Profile] on Yahoo! Finance
* [http://finance.google.com/finance?cid=692918 Profile] at Google Finance
*es icon [http://www.ahmsa.com/ Altos Hornos de Mexico Corporate Website]