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Ferroglobe Announces Restart of Second Silicon Metal Furnace at the Selma Facility in the United States
LONDON, May 25, 2022 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”), a leading producer of silicon metal, silicon-based
About this update from Ferroglobe Plc
[{"type":"text","content":"LONDON, May 25, 2022 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”), a leading producer of silicon metal, silicon-based alloys and manganese-based specialty alloys, is pleased to announce today that it has successfully restarted its second furnace at the Selma, Alabama (United States) facility. The restart of this furnace adds an incremental 11,000 tons of annual silicon metal capacity dedicated to the domestic market in the United States. Overall, the two-furnace Selma facility has total annual silicon metal capacity of 22,000. Marco Levi, Ferroglobe’s Chief Executive Officer commented, “The restart of our Selma facility bolsters our ability to serve our customers as demand grows for silicon metal in North America. We are excited to have the full workforce at the Selma facility back and we thank the State of Alabama for their support over the past few months. With this additional silicon metal capacity, we can now evaluate options to optimize the production mix at our other assets in the U.S.” Dr. Levi continued, “Over the last two years we have strengthened our global asset platform enhancing operational flexibility and competitiveness by right-sizing capacity and improving our cost structure to better serve our customers. We will leverage our unique asset base judiciously, as we continue to evaluate a number of options, including the potential restart of the silicon metal plant in Polokwane, South Africa, which can meet customer’s needs in various geographies including North America, Europe, the Middle East and Asia.” About Ferroglobe Ferroglobe PLC is one of the world’s leading suppliers of silicon metal, silicon- and manganese- based specialty alloys and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, electronics, automotive, consumer products, construction and energy. The Company is based in London. For more information, visit http://investor.ferroglobe.com. Forward-Looking Statements This release contains “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements are not historical facts but are based on certain assumptions of management and describe Ferroglobe’s future plans, strategies and expectations. Forward-looking statements often use forward-looking terminology, including words s...