掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Ferroglobe cuts more capacity, completes asset sales

  • Tuesday, October 22, 2019
  • Source:ferro-alloys.com

  • Keywords:Ferroglobe, cut capacity
[Fellow]The company's statement did not disclose the tonnage of production idled in the latest round of ferrosilicon and silicon cuts.
[Ferro-Alloys.comEuropean and North American ferroalloys and silicon metal producer Ferroglobe is making further production cuts in Europe and has completed asset disposals in Poland and South Africa, the company said in early October.
 
The company said in a statement that it idled two ferrosilicon furnaces in Chateu-Feuillet in France September 30 and said a third at Laudun would be idled November 15. It also said it would idle three silicon metal furnaces October 7 -- two in Montricher and one in Laudun.
 
Ferroglobe also said ferrosilicon production at Polokwane, South Africa, had been idled since August 1, while production had been reduced at its plant in Sabon, Spain.
 
Its Bridgeport, Alabama ferrosilicon facility has been idled since September 1, with orders transferred to its Beverly, Ohio, facility.
 
The company's statement did not disclose the tonnage of production idled in the latest round of ferrosilicon and silicon cuts.
 
"Given the current market environment, Ferroglobe is making further adjustments to its global production platform," the company said. "In addition to previously announced production curtailments, the company is taking steps to extend or bring forward planned outages over the fourth quarter at several facilities in an effort to streamline operations, adapt production to reduced demand, and release working capital." These outages are expected to last four to six months, it said.
 
Last month, Ferroglobe completed the sale of its FerroAtlantica subsidiary, which includes 10 hydroelectric power plants and the Cee-Dumbria ferroalloys plant in A Coruna in Spain, to TPG Sixth Street Partners, in a deal worth Eur170 million ($187 million).
 
"Today's announcements reinforce management's focus on adapting to the evolving market and taking actions aimed at enhancing and optimizing our production footprint and overall competitiveness, with a strong emphasis on generating cash," Ferroglobe CEO Pedro Larrea said in the statement. "As we look ahead, we will continue to monitor supply-and-demand dynamics across our product portfolio and take further actions as required to ensure a return to profitability and effective management of working capital."
 
Ferrosilicon and silicon metal prices have been under pressure globally for most of this year. Manganese alloys have also been under pressure, and several producer and supplier sources said they believed annual requirements from steel mills in the US for ferroalloys in 2020 would be down significantly compared with 2019. (S&P Global Platts)
 
  • [Editor:kangmingfei]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 凉山| 建阳市| 绥滨县| 额济纳旗| 瑞安市| 阳信县| 桃园市| 临安市| 汉沽区| 甘德县| 马龙县| 隆昌县| 如皋市| 通化县| 攀枝花市| 玉溪市| 建宁县| 邳州市| 密山市| 罗甸县| 常熟市| 光山县| 清苑县| 涟源市| 班玛县| 东宁县| 沁阳市| 开阳县| 龙州县| 白水县| 房山区| 芮城县| 苏尼特左旗| 昌图县| 罗山县| 莱芜市| 谷城县| 全椒县| 修武县| 西丰县| 大埔区|