XEAL concludes its environmental investments of more than €1.5M in its silico-manganese furnaces

• These investments are part of the €28m plan committed and announced in 2020 by the new shareholder to develop its 4 strategic axes: safety, environment, asset care, and efficiency and productivity.
• In the ferroalloys division, investments of €3.5 million are planned this year, in addition to the €1.8 million already executed during 2020, OF WHICH of which 1.8 MILLION ALREADY EXECUTED IN 2020, OF WHICH 2,4 2.4 million euros.
• The energy division plans to invest EUR 4.5 million in 2021, in addition to the EUR 1.3 million already invested last year.As of July, the total investment made stood at 1 million euros. 

The new shareholder of Xallas Electricidad y Aleaciones, XEAL, undertook to execute an investment plan of 28 million euros between 2020 and 2024, investing 14 million in each of the company's divisions: ferroalloys and energy.

As part of this plan, initiated at the beginning of 2020, in January and April last year, Xeal's plant in Cee began work on the adaptation and expansion of the environmental control systems of its SiMn furnaces. These works were completed in July in one of the furnaces and have just finished in early August in the other furnace.

1.5M€ for the adaptation and expansion of the environmental control systems of its silico-manganese furnaces, which will ensure compliance with the latest European regulations applicable to these furnaces. The reduction in atmospheric emissions will be 90% compared to emissions prior to these modifications, in line with the EU's strictest regulations.

These investments are 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 improvement in efficiency and productivity to be increasingly competitive.

In total, since the new management team and shareholder joined the company, and up to July of this year, 4.6 million euros have been invested in the ferroalloy division and 2.3 million in the energy division.

These plans, which since the entry of the new shareholder and management team have been implemented regularly and constantly, are also part of Xeal's commitment to the inclusion of ESG (Environmental, Social and Corporate Governance) criteria in its management model and strategy, so that Xeal evolves towards strategies and business models that pursue a social and environmental impact, moving towards a sustainable company.

María Couto,  XEAL's  CEO stated that "the fulfillment of our strategic plan is one of the company's priorities and we are fully committed to carrying it out in a timely manner."