Currently having service centers in France and Mexico,the Spanish group Bamesa established a new business unit in the free zone of Tangier. The new plant’s opening ceremony was held last April 28.
Bamesa, a Spanish group specializing in steel stamping and production, spent AED171 million to complete its new Steel Service Center has a total area of 3.6 hectares including a covered area measuring1.1 hectare.
The realization of the new Steel Service Center is imperative to meet the market demands for cutting and wrapping of steel coils. Resulting from of an agreement between Arcelor Mittal and Bamesa , the Steel Service Center project requires a total investment of 30 million euros including the future costs of the second tranche.
According to the CEO of Bamesa, the action undertaken by the company was due to their desire to become part of the automotive industry development and go along with the new and future sectors that will exhibit huge potential for industrial growth.
This new project is set to increase its fabrication rate to a processing capacity of 100,000 tons per year from the commissioning of its second installment. Bamesa has reached its standing as a major player in the steel cutting industry because of the 16 sites it had established in Mexico, Europe and now in Morocco.
Its production is currently on average of more than 2.5 million tons per year mainly tofrom automobile as well as appliances or mechanical sector. To strengthen its international presence, Bamesa will push though the commissioning of other major Steel Services Center, particularly in Romania, France and Turkey.