Grupo Simec SAB de CV

Mexico

Grupo Simec is a prominent Mexican company specializing in steel and metal manufacturing. They focus on producing high-quality steel products such as long steel products, special steel for construction, and various commercial profiles. The company aims to meet the needs of the construction and industrial sectors, both locally and internationally.

CCI Score

-54.49

July 3

Latest Event

Explosion at Simec-Owned Steel Plant Raises Labor Safety Concerns

An explosion at a Simec-owned steel plant in Tlaxcala, Mexico resulted in the deaths of at least 12 workers, highlighting potential failures in maintaining safe working conditions and labor practices. The incident is currently under investigation by state authorities, raising broader concerns about worker safety and the company's labor relations.

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QUISLING

Grupo Simec SAB de CV is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

JAN

01

2023

Explosion at Simec-Owned Steel Plant Raises Labor Safety Concerns
-54.48

An explosion at a Simec-owned steel plant in Tlaxcala, Mexico resulted in the deaths of at least 12 workers, highlighting potential failures in maintaining safe working conditions and labor practices. The incident is currently under investigation by state authorities, raising broader concerns about worker safety and the company's labor relations.
-70

Labor Relations and Human Rights Practices

July 3

The tragic explosion, which resulted in the death of 12 workers, reflects poorly on the company’s commitment to worker safety and labor rights. This event underscores potential negligence in upholding safe working conditions, raising serious concerns from a labor rights perspective.

Mexico: Explosion at Simec-owned steel plant kills at least 12 workers
SEP

02

2021

US Subsidiary Fined for Hazardous Conditions
-54.50

OSHA fined Republic Steel, a subsidiary of Grupo Simec, for serious safety violations including inadequate machine guarding, lack of lockout/tagout measures, and failure to train workers, exposing them to amputation hazards.
-80

Labor Relations and Human Rights Practices

July 3

The subsidiary was fined by OSHA for failing to implement adequate safety measures and train workers, leading to hazardous conditions that significantly compromise worker rights and safety. This negligence in labor practices reflects poorly on the company’s commitment to ethical standards.

Grupo Simec’s subsidiary in the US fined for hazardous conditions