Xallas Electricidad y Aleaciones, XEAL will implement a 28-million euro investment plan between 2020 and 2024, allocating 14 million to the company's two divisions, ferroalloys and energy.
Business activity
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The collective dispute lawsuit filed by the CIG, UGT, CGT and USO unions against furlough scheme applied by XEAL between September 2020 and February 2021 has been dismissed. XEAL approved the furlough in February 2019 with majority support from the unions.
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Xallas Electricidad y Aleaciones, XEAL, reactivated Furnace 22 in Dumbría at the beginning of February to expand the capacity to manufacture ferrosilicon, due to the increase in market demand for this alloy.
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Xallas Electricidad y Aleaciones, XEAL will implement a 28-million euro investment plan between 2020 and 2024, allocating 14 million to the company's two divisions, ferroalloys and energy.
This week, Xallas Electricidad y Aleaciones, XEAL, temporarily opened Silicomanganese Furnace 14, marking a return to partial production with the reactivation of a furnace that was stopped due to low market demand, severely affected on a global scale by the COVID-19 pandemic.
Xallas Electricidad y Aleaciones, XEAL, committed to an investment of 28 million euros between 2020 and 2024. To date, the company has completed or is in the process of executing investments for six million euros focused on its four strategic axes: maximum [...]