Cuba boosts investments and exports in the iron and steel sector
The Grupo Empresarial de la Industria Sidero Mecánica (Gesime) is promoting an investment process in this economic sector of the country in order to increase exports and replace imports, said its vice president Jorge Luis Suárez .
Speaking on the television program Mesa Redonda, the executive stressed that the industry’s flagship exportable product is the steel billet produced at the Antillana de Acero and Acinox Las Tunas steel companies.
In 2020, he said, 23,800 tons of steel billet were exported and this year they plan to increase this figure to 75,000 tons.
He added that the export strategy is also focused on a strong effort to insert in the market the steel bar, a product with greater added value whose production will increase from an investment process that is developed in the rolling area of Antillana of steel. In the metalworking branch – production of spare parts, equipment that transforms metal, technological systems and other issues – we have not achieved the advances that the country needs, Suárez acknowledged.
To reverse this situation, he explained, they work together with the Cuban Chamber of Commerce, with companies in the sector, foreign trade and universities, seeking to classify a group of products that our industry produces according to their stage of development (consolidated or in progress). promotion stage), based on the characteristics of the market to which they are directed.
They also dedicate efforts to the quality certification of the management systems of their companies, to consolidate the distribution channels, containers and packaging, price formation and other tasks, all in order to guarantee the solidity of the exportable offer. Suárez meant that despite the impact of Covid-19 and the intensification of the economic, commercial and financial blockade imposed by the United States, Gesime is executing a program to modernize its industrial park.
Among the companies involved are Antillana de Acero (billet and rolling), Villa Clara mechanical plant (manufacture of spare parts, with an impact on the sugar and cement industries, and on the railways) and the cable factory in the province of Mayabeque, for the country’s energy system.
The manager mentioned that they have the challenge of finding financial mechanisms to continue modernizing the industry, encouraging foreign investment in areas such as forging, casting and heat treatment, the development of molds and dies for the production of plastic articles, the automation of machine tools. , 3G printing and design. All these technological lines have a very strong impact on the production of spare parts and equipment, and therefore substitute important imports, Suárez concluded.