PORT-CARTIER, QC, June 16, 2014 /CNW Telbec/ - FerroAtlántica Group has
chosen to establish its new FerroQuébec subsidiary in Port-Cartier,
Quebec. Its objective is to build the most competitive silicon metal
factory in the world by drawing on Québec's expertise and talent,
making use of renewable resources, participating in regional economic
development and creating significant wealth and economic benefits right
here. This $382 million investment will create 345 direct jobs and
produce 100,000 tonnes per year. The FerroQuébec silicon metal factory
is the FerroAtlántica's and Villar Mir Group's first industrial site in
North America. A major investment has been announced this morning in
the presence of Québec Premier Philippe Couillard; Minister of Economy,
Innovation and Exports Jacques Daoust; Minister of Education,
Recreation and Sports, Minister of Higher Education, Research and
Science and Minister responsible for the Côte-Nord region Yves Bolduc;
and Port-Cartier Mayor Violaine Doyle.
An environmental impact study beginning in June 2014 will mark the
project's first phase which requires a $215 million investment. The
three furnaces are slated for full operation by December 2017. This
project will create nearly 230 construction-related jobs and 175 direct
jobs to produce 50,000 tonnes annually.
"We have found Quebec, and Port-Cartier in particular, to be especially
welcoming and stimulating businesswise. The conditions are ideal to
grow our activities. We are excited to be setting up in Québec and
participating even more actively in its prosperity. FerroAtlántica Group sees silicon metal as a substance of the future and
an opportunity, especially for Québec and the North Shore, to
consolidate its singular expertise to position itself among this growth
industry's world leaders," said the Group's owner Juan-Miguel Villar Mir.
Logistically, Port-Cartier is strategically interesting because it is
easily accessible by boat, train and truck, has readily available wood
substance and holds immense promise for sustainable development using
an integrated cogeneration component.
"Today is a milestone in our history. We intend to rise to the challenge
shoulder to shoulder with the communities and socioeconomic leaders of
the North Shore region and the Port-Cartier municipality. We are
setting up in Québec to forge leading edge expertise and propel it to
even greater heights. We will devote all the energy necessary for this
project to succeed and generate quality jobs and wealth while fostering
highly promising regional synergies," added Group President Pedro Larrea Paguaga.
"In addition, we would like to thank the Québec Government, the
municipality of Port-Cartier, the energetic regional forces with whom
we will be working, and all partners involved so far, for the valued
support they provided to see this project to the light of day. We also
applaud the commitment, collaboration and outstanding work of all
municipalities considered for this project," concluded Mr. Paguaga.
About silicon metal production
FerroQuébec will develop facilities at the forefront of technology,
including a high-performance wood charcoal plant to produce silicon
metal for export, mainly to the American and Canadian markets. Note
that silicon is produced in modern electric arc furnaces working 24/7
that reduce silicon dioxide found in quartz, One of the project's goals
is to maximize the use of renewable materials from forest biomass.
Silicon metal is mainly used to lighten vehicles, improve constructions
and produce solar energy.
About FerroAtlántica Group
FerroAtlántica Group is a wholly owned subsidiary of Spain's Villar Mir
Group. FerroAtlántica is the global leader in silicon metal production
and one of the biggest producers of manganese and ferrosilicon alloys.
They are used primarily in the automotive industry, silicone
production, high-performance concrete and solar panel manufacturing. In
2012, FerroAtlántica recorded sales of €1.1 billion and employed 3,100
people at its 15 plants across Europe, South America, Africa and Asia.
About Grupo Villar Mir
Grupo Villar Mir is one of the largest privately owned Spanish
industrial groups. Its worldwide operations span 40 countries on five
continents. In only 25 years, Villar Mir Group has extended its
activity portfolio to include construction, transportation
infrastructure, real estate development, electrometallurgy, energy,
fertilizers and services. Through its construction subsidiary, OHL, the
group is already involved in several projects in Canada, including the
University of Montreal Hospital Centre. With a budget topping
$2 billion, it is one of the world's biggest hospitals currently under
construction. OHL has a 25% stake in the concession and a 50% stake in
the construction work. The group also holds a 50% stake in the
$400-million Toronto subway project, which includes a 3.5-km double
tunnel and 600 surface parking spaces.
For further information:
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