ME Elecmetal officially inaugurated the Rancagua foundry modernization project which will increase its production capacity to 36,000 metric tons.
The project includes a new special steel foundry; an advanced laboratory for grinding media testing and development; and a modern manufacturing and repair center for mining equipment.
Rolando Medeiros, ME Elecmetal’s CEO, said "This project represents the synthesis of the company vision which is to deliver comprehensive solutions that go beyond selling a product, to include additional services that enable our customers to improve their productivity and competitiveness".
Rolando Medeiros also said that "The investment involved in the modernization of the Rancagua plant is about US$ 100 million and involves a significant increase in production capacity, which will rise from 13,000 tons to 36,000 metric tons per year. This investment will allow the company to meet the production standards that have our operations in the U.S. and China ".
In late 2015, the company announced the closure of its historic facilities located in Vicuña Mackenna Avenue in Santiago, dating from 1917. Rolando Medeiros emphasized that “In line with the founding corporate value of respect for the dignity of people, the vast majority of the production staff of this plant will be hosted in the new facilities of Rancagua”.
ME Elecmetal has production facilities in Chile, the U.S. and China, plus a licensed foundry in Mexico. It has more than 2,000 employees worldwide and sells its products in more than 35 countries to customers in mining, construction and industry.