XEAL continues to improve its silico-manganese furnaces with a further environmental investment

• This investment is part of the €28m plan for the development of the company's 4 strategic axes: safety, environment, asset care, and efficiency and productivity.
• In the ferroalloys division, investments are expected to amount to AROUND 4 million euros this year, in addition to the 1.9 million euros already made in 2020.
• There are plans to invest 5 MILLION EUROS IN 2021, in the energy division, IN ADDITION TO THE 5 million euros in 2021, in addition to the 1.9 million euros already invested last year.

Xallas Electricidad y Aleaciones, XEAL, is committed to an investment plan of 28 million euros between 2020 and 2024, 14 million in each of the company's divisions: ferroalloys and energy.

As part of the plan, last January Xeal's plant in Cee began work on the adaptation and expansion of the environmental control systems in one of its silico-manganese furnaces, and in April work began on the other silico-manganese furnace.

These investments, amounting to more than one and a half million euros, 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 greaterefficiency and productivity for enhanced competitiveness. This plan for the future has not been affected by the complicated market situation, as the investment has followed the schedule drawn up in September 2019. 

Specifically, investments of around €4 million are planned in the ferroalloys division in 2021, in addition to the €1.9 million already executed during 2020.

In turn, the energy division plans to invest an additional €5 million on top of the €1.9 million already executed during 2020.

In total, since the new management team and shareholder joined the company, and until December 31, 2020, 2.2 million euros have been invested in the ferroalloy division and another 2 million euros in the energy division.

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."