Business
5N Plus Expands Capacity and Capability for its Upstream Activities Across Sites in Asia and Europe
5N Plus Expands Capacity and Capability for its Upstream Activities Across Sites in Asia a...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n5N Plus Expands Capacity and Capability for its Upstream Activities Across Sites in Asia and Europe\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, April 11, 2018\n\n\n\nMONTREAL, April 11, 2018 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading producer of engineered materials, today announced expansion of capacity and capability in its upstream activities across South East Asia and Europe to further enhance the Company's competitive access to specialty metals which are key ingredients in its products and a notable pass-through component of cost of goods sold. The expansion will increase the Company's capacity for production of specialty metals by more than 2000 metric tons per year. The enhanced capabilities will provide more flexibility and better yields in extracting the essential metals from more diverse secondary streams while extending the Company's reach into the recovery of precious metals. The construction and commissioning phase of the investment is expected to take a year to complete.  \n\nIn 2016, the Company articulated its strategic plan 5N21, supported by three major pillars. This investment is succinctly aimed at supporting the second pillar of the plan which is to apply the Company's metallurgical know-how to move upstream and extract essential metals from secondary streams in order to competitively support the metal demands of the downstream businesses. The investment associated with this project is expected to remain within the 5N21 investment envelop which for the total duration of the plan shall remain at the overall rate of depreciation. This investment will further improve the affected facilities environmental performance to ensure sustainability and compliance on these sites.\n\nMr. Pascal Coursol, Vice President, Recycling, Refining and Corporate R&D, commented \"Given the Company's deep pool of metallurgical know-how along with the appropriate asset base we are absolutely convinced that 5N Plus can extract more value from the procurement and treatment of metals u...