SIM Stock - Grupo Simec ADR

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Grupo Simec, S.A.B. de C.V., founded in 1934 and based in Guadalajara, Mexico, is a leading manufacturer, processor, and distributor of special bar quality (SBQ) steel and steel alloy products. Operating across Mexico, the United States, Brazil, Canada, Latin America, and beyond, the company specializes in producing a wide array of steel products essential for various industrial applications. These include I-beams, channels, angles for both structural and commercial use, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and panels, wire rods, and semi-finished tube rounds.

Grupo Simec's SBQ steel products are integral components in engineered applications such as automotive axles, hubs, and crankshafts, as well as machine tools and off-highway equipment. Its structural steel products cater primarily to the non-residential construction sector and other construction applications, highlighting its diverse market presence and versatility in meeting industry demands. The company also exports its steel offerings to markets in Central and South America, as well as Europe, contributing to its global footprint and market competitiveness.

As a subsidiary of Industrias CH, S.A.B. de C.V., Grupo Simec leverages a rich heritage of manufacturing expertise and innovation to maintain its position as a key player in the global steel industry. With a commitment to quality, reliability, and customer satisfaction, Grupo Simec continues to expand its product portfolio and enhance its manufacturing capabilities, ensuring it remains a preferred supplier in both domestic and international markets.

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