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These are just some of the reasons to invest in the Metalworking Industry, we invite you to learn in more detail these and more reasons why to choose Colombia as the destination for your projects.

Investment Specialist: Manuel Salgado: This email address is being protected from spambots. You need JavaScript enabled to view it.

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At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

If you are a corporate investor, please fill out contact form.

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Success Stories

  • Japan's Castem chooses Colombia to install its first plant outside of Asia
    The Japanese company specializing in precision tool foundry for the automotive, medical, and construction industries is moving forward with the commissioning of an industrial plant on the western side of Bogotá.
    It will be this multinational's first plant outside of Asia. One of the reasons that the Japanese company chose Colombia is for its strategic location as an export platform to Mexican and US markets, where it plans to export goods in the future.
    To begin, the company invested US $5 million and began its operations in the free-trade zone of Intexzona, on the western side of Bogotá, creating 50 jobs. The investment contributes to the transfer of precision material foundry technology, innovation, and knowledge in order to increase competitiveness in this sector in Colombia and in the region.

Investment Opportunities

  • Installation of laminated steel and figurative steel production plants that are not produced in the country to meet the needs of the internal and external markets. Colombia participated in 2017 with 2% of crude steel production in Latin America. The privileged location of the country favors the development of the industry to use the country as an export platform.
  • Installation of plants for the production of flat hot steels, of long steels, tubes and bars without alloy that are not produced in Colombia. Colombia has five steel mills and eight steel production plants with a total installed capacity of 1.8 million tons of long steel per year. Colombia ranks as the fifth largest producer of long steel in Latin America surpassed by Mexico, Brazil, Peru and Argentina.
  • Establish strategic alliances with Colombian companies in the iron and steel industry with technology needs and resources to grow. In Colombia, there are around 1000 companies active in the basic iron and steel industries sector. The sector also relies on close to more than 10 thousand companies engaged in the wholesale trade of construction materials and hardware. In Colombia, the importation of inputs and capital goods that are not produced in the country enjoy tariff benefits.

Regions

Learn about the principal regions that offer investment opportunities in the Metalworking Industry:

  • Antioquia
  • Bolivar
  • Risaralda
  • Valle del Cauca
 

In Colombia, the metalworking industry has contributed to the development and consolidation of other sectors of the economy such as construction, automotive, appliance and machinery that require inputs of steel and iron.

  • In the next 5 years, the construction sector will grow by an average of 5%, becoming one of the main sectors that drive the growth in the country.
  • Thanks to the development of infrastructure projects in the country, it is expected that the internal consumption to 10 years will be close to 10 million tons.
  • The Colombian government is developing and promoting the movement, aerospace and shipbuilding industries that use iron and steel as their main raw material.
  • Privileged location for easy access to the two oceans and cities on its coasts, which favor the development of the industry to use the country as an export platform
  • The country has a total installed production capacity of 1.8 million tons of long steel per year.
  • Exports of steel and metalwork products from Colombia have preferential access in the main markets in Latin America.
  • Large groups such as TERNIUM, VOTORANTIM and GERDAU have chosen to establish production plants in Colombia to cater for diverse markets in the Americas.

 

These are just some of the reasons to invest in Metalworking. We invite you to learn additional details about Colombia and why it is the perfect destination for your projects.

Download here:

Investment in Metlaworking 20161.58 MB

Sectors

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