Mogale Alloys embarks on R170m processing plant expansion
Mogale Alloys, a subsidiary of London-listed Ruukki Group, has awarded construction company Asenza and technology supplier Uvån Hagfors Teknologi a R170-million contract to install and manage ferroalloy refining and granulation equipment at its processing plant, in South Africa.
The equipment will complement Mogale’s four existing furnaces, which produce low-phosphor ferrochrome and low-phosphor silicomanganese and will, once complete, enable a significant portion of the current ferrochrome production to be converted to granulated medium-carbon ferrochrome.
This is in line with the company’s objective of providing niche products in mature markets to increase profitability and optimise shareholder value.
The project will start this month, with first production of speciality alloys expected by the third quarter of 2014. Current production levels at Mogale Alloys will be maintained during the implementation phase.
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