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The reopening of Globe Specialty Metals metallurgical grade silicon production plant in Niagara Falls, NY State opens the way for the company to invest heavily in expanding its UMG-Si capabilities to the tune of US$60 million over a two-phase investment plan.
Globe said that it has restarted its two furnaces at the plant and has upgraded the equipment used to produce approximately 30,000MT of metallurgical grade silicon each year. A new US$35 million facility will be built to produce 4,000MT of UMG-Si, approximately equating to 500MW, per annum. The project is expected to create a total of 500 jobs.
Solar cell manufacturing start-up, SpectraWatt is already a customer of Globe and has secured UMG-Si supply from Globe.
Globe said that US$27 million had been allocated to modernizing and improving emission controls equipment in order to meet or exceed all environmental standards. Old buildings have been demolished and unnecessary equipment removed from the site.
