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Ferro Silicon Output of Ferroatlantica Rose by 10% in Q1-Q3 2014

Source: Time:2014-12-26 15:51:15 views:

According to quarterly report of Spaniah-based ferro silicon producer- Ferroatlantica, the outputs of electrometallurgy products reached 771.4 thousand.

According to quarterly report of Spaniah-based ferro silicon producer- Ferroatlantica, the outputs of electrometallurgy products reached 771.4 thousand tons in the first three quarters of 2014, up 14% from the same period of 2013, which was mainly due to the large increases of its South African smelters. In addition, the Spanish-based smelters had been operating with very high capacity due to remarkable operating performances and very competitive production costs. 

In the first three quarters of 2014, the outputs of ferro silicon and growth rates from the same period of 2013 were as follows: ferrosilicon 163,673 tons, up 10%; manganese alloys 259,348 tons, up 22%; silicon metal 181,023 tons, up15%; microsilica powder 110,939 tons, up 3.2% and other ferroalloys 33,595 tons, up 9.1%. The sales of ferroalloys reached 700.6 thousand tons in the first three quarters of 2014 and the number of the same period of 2013 was 694.2 thousand tons.

The capital expenditures to electrometallurgy division were EUR 15.7 Million in January to September 2014 and the amount was EUR 27.4 Million in the same period of 2013. The reason was that the company paid special attention to the reduction of net debt and liquidity profile improvement. By the end of September 2014 (within 2014), the net debt of the electrometallurgy division reached EUR225.7 Million and the total net debt was EUR281.4 Million at the end of 2013.
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