Spanish stainless steel tube manufacturer Transmesa has invested EUR 15M (USD 17.03M) to expand its Sant Ramon production plant in Lleida. The investment includes a new cold-rolling line, specifically designed to meet the needs of hybrid and hydrogen-powered vehicles.
The Sant Ramon plant expansion includes two new industrial buildings and new machinery, increasing the site’s total area to over 22,000m² and bringing the number of production halls to five. The new line is scheduled to be fully operational in the third quarter and is expected to boost Transmesa’s annual turnover by 33%, from EUR 60M to EUR 80M.