Altos Hornos de México

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Altos Hornos de México S.A. de C.V.

Type	Private
Founded	1942
Headquarters	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	▲$3.5 billion MXN (2006)
Net income	▲$2.3 billion MXN (2006)
Employees	20,000
Parent	Grupo Acerero del Norte (GAN)
Website	www.ahmsa.com

Altos Hornos de México (AHMSA), is the largest steel mining corporation in Mexico with installed capacity of 3.8 million metric tons of liquid steel.

[edit] 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.