- THIS INVESTMENT IS PART OF THE €28M PLAN COMMITTED TO DEVELOP ITS 4 STRATEGIC AXES: SAFETY, ENVIRONMENT, ASSET CARE, AND EFFICIENCY AND PRODUCTIVITY.
- IN THE FERROALLOYS DIVISION, XEAL INVESTED 3.2 MILLION EUROS IN 2021, IN ADDITION TO THE 1.9 MILLION EUROS ALREADY INVESTED IN 2020.
- FOLLOWING THE INVESTMENT IT WILL BE ONE OF EUROPE'S MOST COMPETITIVE FERROSILICON FURNACES
XEAL has begun work on modernizing the ferrosilicon furnace in Cee, in which it will invest more than €1.5M.
Xallas Electricidad y Aleaciones, XEAL, is continuing with its announced investment plan to invest 28 million euros between 2020 and 2024, 14 million in each of the company's divisions: ferroalloys and energy.
Next week will see the start of work on the complete renovation project of the ferrosilicon furnace at the Cee plant. The work will consist of the modernization and automation of the casting area of the current H12 furnace and the total investment will exceed one and a half million euros.
This investment is part of the future plan announced by the company to invest 14 million euros in the ferroalloys division over the next five years, in line with its four strategic axes: maximum commitment to health and safety in the performance of its workers' activities; respect for the environment and compliance with environmental regulations; long-term care and maintenance of assets; and improvements to efficiency and productivity to be increasingly competitive.
Specifically, this comprehensive renovation of H12 focuses on the last of the 4 axes mentioned: improving efficiency and productivity to increase competitiveness and will turn the CEE furnace into one of the most competitive in Europe.
María Couto, XEAL's CEO, expressed "the company's commitment to the execution of the planned investment plan".
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