BEFESA S.A. Actions o.N.
DGAP-News: Befesa S.A.
/ Schlagwort(e): Expansion/Sonstiges
PRESS AND INVESTOR ANNOUNCEMENT
Befesa commences construction of second recycling plant in China as planned
Luxembourg, 13 November 2019 - Befesa S.A. ("Befesa"), the international market leader for steel dust and aluminium salt slags recycling services, today hosted a ground breaking ceremony to mark the start of construction of its new steel dust recycling plant in Xuchang in the Chinese province of Henan. The plant will be Befesa's second in the country and is designed to recycle 110,000 tons of EAF steel dust per year.
Befesa's CEO, Javier Molina, and Asier Zarraonandía, Vice President of Befesa's Steel Dust Recycling Services Business, were joined by the Mayor of Xuchang, Mr Shi Gengzhi, and other officials to celebrate the start of construction. In total, the plant represents an investment around EUR42 million.
Commenting on Befesa's developments in new markets, Javier Molina said: "We are very pleased with our progress in China. With our second plant starting construction, Befesa reaffirms its Asian expansion plan launched just one year ago. We're thrilled that the development of our Henan plant is now a reality. We are committed to provide sustainable solutions and contribute to environmental protection in China".
Befesa's first development in Changzhou in the Jiangsu Province started construction in Spring 2019 and is progressing according to plan. The ramp-up of the Jiangsu plant is expected for the end of 2020, with production expected to start in 2021.
In addition, earlier this week, Befesa successfully completed the upgrade of its aluminium plant near Barcelona with higher efficiency furnaces. Befesa continues to be on track to execute its organic growth initiatives globally.
13.11.2019 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch DGAP - ein Service der EQS Group AG.
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