GRUPO SIMEC (NYSE: SIM) ANNOUNCES A SPILL OF LIQUID STEEL, OCTOBER 30, 2024

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Rhea-AI Summary

Grupo Simec (NYSE: SIM) reported a serious accident at its steel complex in Apizaco, Tlaxcala on October 30, 2024. A liquid steel spill resulted in fatalities among employees and has temporarily halted operations at plant one of the facility. The company expressed regret for the loss of life and stated it is investigating the causes of the accident.

Positive

None.

Negative

Fatal accident resulting in employee deaths
Temporary shutdown of Apizaco plant operations
Potential regulatory investigations and liability risks
Production disruption impacting revenue generation

News Market Reaction 1 Alert

+2.02% News Effect

On the day this news was published, SIM gained 2.02%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

10/30/2024 - 01:55 PM

GUADALAJARA, Mexico, Oct. 30, 2024 /PRNewswire/ -- Informs the investing public that, early today, October 30, 2024, at plant one of the steel complex located in the city of Apizaco, Tlaxcala, a spill of liquid steel occurred with loss of human lives that has temporarily paralyzed its operation;

The company deeply regrets the death of its employees in this accident and is reviewing the causes of the same.

PRESS RELEASE	Contact: José Luis Tinajero
	Mario Moreno Cortez
	Grupo Simec, S.A.B. de C.V.
	Calzada Lázaro Cárdenas 601
	44440 Guadalajara, Jalisco, México
	52 55 1165 1025
	52 33 3770 6734

View original content:https://www.prnewswire.com/news-releases/grupo-simec-nyse-sim-announces-a-spill-of-liquid-steel-october-30-2024-302291897.html

SOURCE Grupo Simec, S.A.B. de C.V.

FAQ

What happened at Grupo Simec's Apizaco plant on October 30, 2024?

A liquid steel spill occurred at Grupo Simec's (SIM) plant one in Apizaco, Tlaxcala, resulting in employee fatalities and temporary suspension of operations.