SIM 17.7
SIM Grupo Simec, S.A.B. de C.V., a mini-mill steel company, engages in the manufacture, processing, and distribution of special bar quality (SBQ) steel and structural steel products in North America. Its steel products include I beams; channels; angles; hot rolled bars, including round, square, and hexagonal rods; cold finished bars; rebar; flat bars; semi-finished tube rounds, and other semifinished trade products. The company's SBQ products are used in various engineered end-user applications, including axles, wheel hubs, and crankshafts for cars 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. Grupo Simec sells its products primarily to the construction, manufacturing, mining, and automotive industries in Mexico, the United State, Canada, Central and South America, and Europe. The company was founded in 1969. It was formerly known as Grupo Simec, S.A. de C.V. and changed its name to Grupo Simec, S.A.B. de C.V. in 2006. The company is based in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.
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