At the annual meeting of the World Economic Forum in Davos, Switzerland, Premier Pauline Marois announced that the world’s number-one producer of silicon metal, Spanish company Grupo FerroAtlántica, plans to build a new plant in Québec. The $375 million project will create over 300 jobs.
According to the Premier, “My government’s obsession since being elected has been to create jobs in all regions of Québec. Our Economic Policy (‘Putting Jobs First’) calls for the use of our significant electricity surpluses to stimulate investments and employment. The arrival in Québec of the FerroAtlántica project is a direct result of this policy.”
Construction of the plant will also create indirect jobs. A number of subcontractors and suppliers will benefit from contracts during the operations phase.
Grupo FerroAtlántica is currently studying various locations in Québec for the plant. Construction will get under way in the coming months and the facility will begin operating at the end of 2016.
Some of the quartz required by the plant may be supplied by Québec mines. In addition, Québec wood material waste could be used as part of the process for transforming raw materials into silicon metal.
Grupo FerroAtlántica is the world’s number-one silicon metal producer and a leading producer of manganese and ferrosilicon alloys.
The alloys are used primarily by the automotive industry and to make silicones, high-performance concrete and solar panels.
In 2012, FerroAtlántica had a sales figure of €1.1 billion and employed about 3,100 people at 15 plants in Europe, South America, Africa and Asia.
Economic Policy: Putting Jobs First
Grupo FerroAtlántica (in French)