History
For more than a century, A Costa da Morte has been a reference both in the ferroalloy business and in the capacity to generate hydroelectric power.
The history of the assets dates back to the beginning of the 20th century:
1900
Salto do Pindo Concession
1910
Santa Eugenia Waterfall and Reservoir
1922
The CEE factory started its activity and production of ferroalloys
1948
Castrelo waterfall
1958
Fervenza Reservoir and Waterfall
1959
Ponte de Olveira Waterfall Carantoña Waterfall
1973
Santa Eugenia Waterfall and Reservoir
1977
The factory in Dumbría started its activity and production
1984
Modification Santa Eugenia
1992
FerroAtlántica acquires the hydroelectric power plants and factories from Sociedad Española de Carburos Metálicos
Inmobiliaria Espacio (a company controlled by Juan-Miguel Villar Mir) acquires FerroAtlántica
2001
Modification Santa Eugenia | Novo Pindo Falls
2002
The Villar-Mir Group acquires the Company
2004
Novo Castrelo Falls Fervenza II Falls | Ponte Olveira II Waterfall
2007
FerroAtlántica Group acquires the Company
2015
The Company becomes part of the Ferroglobe group.
2019
Kehlen Industries Management, S.L.U. acquires Ferroatlántica
Kehlen Industries Management, S.L.U. is a limited liability company wholly owned by Sixth Street Partners (www.sixthstreet.com) and managed by Ithaka (www.ithaka.es).
As of August 30, 2019, the activity carried out by XEAL is circumscribed to:
- The management and operation of two ferroalloy plants (CEE and Dumbría), with a maximum capacity of 184,000 tons ("Ferroalloy Business").
- The exploitation and operation of 10 hydroelectric power plants with a total of 167.3 MW of generating capacity.
2020
Change of image and name
2023
In October 2023 it is sold to the Energo-Pro, a.s. group.
History of Ferroalloys
In 1904, the first calcium carbide furnace was started up at the Cee factory.
In 1910, the production of energy from the Xallas River began.
Over the years, the business consolidated and prospered. The company grew with the acquisition of concessions, factories and quarries.
In 1992 Ferroatlántica, S.L. was incorporated and acquired the ferroalloy and energy assets from Carburos Metálicos.
The ferroalloys division was consolidated as a world leader, first under the name of Carburos Metálicos and later as FerroAtlántica, which was incorporated as Grupo FerroAtlántica in 2007.
In 2015, the company was renamed Ferroglobe, following the merger between FerroAtlántica and Globe Specially Metals.
History of Hydroelectric Power Plants
Although the Salto do Pinto and Santa Eugenia plants date back to 1900 and 1910 respectively, it can be said that the beginning of the current XEAL was in 1948, when Sociedad Española de Carburos acquired Salto de Castrelo.
Between 1948 and 1973, Sociedad Española de Carburos consolidated ownership of the Pindo, Santa Eugenia, Castrelo, Fervenza, Ponte Olveira and Carantoña power plants and reservoirs.
During the period between 2001 and 2004, some plants were expanded, forming the plants known as Novo Pindo, Novo Castrelo, Fervenza II and Ponte Olveira II.
In February 2020, the company was renamed Xallas Electricidad y Aleaciones, XEAL, a new name and a new brand that have been a milestone to consolidate a project with a great future.
In October 2023 it is sold to the Energo-Pro, a.s. group.