The Canadian Press - ONLINE EDITION

FerroAtlantica Group to build its first North America silicon plant on Quebec

  • Print

PORT-CARTIER, Qc - Spanish giant FerroAtlantica announced plans Monday to build its first North American silicon metal plant on Quebec's north shore.

The $382-million investment will create 345 direct jobs in Port-Cartier.

The announcement ends months of speculation since former premier Pauline Marois said at the World Economic Forum in Davos, Switzerland, that FerroAtlantica was considering Quebec locations for the plant, including Saguenay, Baie-Comeau and Shawinigan.

A year-round deepwater port, proximity of a railway and the availability of wood to generate energy for furnaces tipped the balance in favour of Port-Cartier.

Company president Pedro Lerrea Paguaga says the community was selected over other contenders in Quebec and across North America and will be the most competitive silicon plant in the world.

The new subsidiary, FerroQuebec, hopes to eventually produce 100,000 tonnes per year of the metal, destined mainly for the U.S. market. Silicon is used in the production of alloys for the automotive industry, in the manufacture of silicone and development of high performance concrete and in solar panels.

Quebec Premier Philippe Couillard says the province will provide a loan at commercial rates, tax credits and commercial electricity rates, but details won't be provided until the deal closes.

The project's initial phase will cost $215 million and begins this month with the launch of an environmental impact study on the startup of three furnaces in December 2017.

About 230 jobs would be created during construction and 175 direct jobs would flow with the initial 50,000 tonnes of annual output. The second phase, to be completed by 2022, would double production to 100,000 tones.

FerroAtlantica, a subsidiary of private industrial group Villa Mir, had sales totalling 1.1 billion euros in 2012 and employed more than 3,000 people in 15 factories in Europe, South America, Africa and Asia.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Keri Latimer looks for beauty in the dark and the spaces between the notes

View more like this

Photo Store Gallery

  • Perfect Day- Paul Buteux walks  his dog Cassie Tuesday on the Sagimay Trail in Assiniboine Forest enjoying a almost perfect  fall day in Winnipeg- Standup photo – September 27, 2011   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A female Mallard duck leads a group of duckings on a morning swim through the reflections in the Assiniboine River at The Forks Monday.     (WAYNE GLOWACKI/WINNIPEG FREE PRESS) Winnipeg Free Press  June 18 2012

View More Gallery Photos

Poll

Should the city grant mosquito buffer zones for medical reasons only?

View Results

View Related Story

Ads by Google