GUADALAJARA, Mexico, March 3, 2015 /PRNewswire/ -- Grupo Simec S.A.B. de C.V. (NYSE: SIM) (Simec) announces that it will start production of rebar and wire rod in its Brazilian facility this month (March). With an investment of nearly $500,000,000 USD. It will have an annual capacity of more than 500,000 tons. This investment has been financed with the cash generation of the company.

Contact:
Mario Moreno Cortez
52-33-3770-6734
mmoreno@gruposimec.com.mx

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