Ferroglobe plans to restart its silicon metal plant in Selma

A full restart would generate around 100 new local hires and 150 indirect local suppliers.

“These growth plans position this historic region of our state for significant new investment and additional jobs, and that’s great news for Selma and for the state as a whole.”

CEO Marco Levi said London-based Ferroglobe is one of the few silicon metal producers with significant inactive capacity that can be restarted globally. The company has permanently closed a facility in New York State as it pursues a strategic turnaround plan.

“In light of favorable market conditions in North America by 2022, the installation of Selma will be a significant asset to our US silicon platform going forward…” said Levi. “The restart of the Selma plant is part of our multi-year strategy and we believe the time has come to start the process.

“We thank the State of Alabama for all of its support and look forward to welcoming the workforce again,” he added.

STRATEGIC DEVELOPMENT

Alabama officials have expressed support for Ferroglobe’s decision to resume production at the Selma site.

“The potential reopening of GMI’s silicon metal plant in Selma reflects the company’s confidence in the future of Alabama’s economy and in the strengths of the region’s workforce,” Governor Kay Ivey said.

“These growth plans position this historic region of our state for significant new investment and additional jobs, and this is great news for Selma and for the state as a whole.”

Greg Canfield, secretary of the Alabama Department of Commerce, said the project aligns with the state’s economic development strategy, which calls for spurring investment and job creation in rural communities.

“The Alabama team is fully committed to spurring economic growth in rural areas of the state and supporting GMI’s decision to restart its idle facility in Dallas County,” Secretary Canfield said.

“We plan to work with the company to facilitate their plans, which will provide an economic boost to the community of Selma and opportunities for its hard-working citizens,” he added.


Source link

Comments are closed.