Ferroglobe PLC (NASDAQ:GSM) was founded in 2015, formerly known as VeloNewco Limited, and changed to its current name in December of the same year. It is headquartered in London, England, and has 3,775 full-time employees. It is a subsidiary of Grupo Villar Mir, SAU. The company is located in the United States, European and international silicon and specialty metal industry operations.
Ferroglobe PLC (GSM):
Ferroglobe is one of the world’s leading material innovation companies. At present, after completing the merger of Ferro Atlántica and Globe Specialty Metals and its subsidiaries, Ferroglobe is one of the largest producers of various metal alloys and other metal products.
Ferroglobe uses the most advanced technology in all of its processes to provide the best products, which are key ingredients in many industrial and consumer products. This business method enables the company to be at the forefront of silicon-based alloy production, while also providing manganese, ferrosilicon alloy and silicon powder.
In addition, it is worth noting that in addition to metal-related industries, Ferroglobe is also involved in hydropower and mining, both of which are related to its core business and generate synergies that benefit the company.
Ferroglobe company provides:
- Silicone chemicals used in a variety of applications, including personal care products, construction-related products, healthcare products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, used in steel manufacturing processes Deoxidizer; and ferromanganese, used as deoxidizer, desulfurization and degassing agent, used to remove nitrogen and other harmful elements in steel.
- It also provides ferrosilicon products for the production of stainless steel, carbon steel and various other steel alloys, as well as for the manufacture of electrodes and aluminum; ferrosilicon, for the deoxidation and desulfurization of molten steel, the production of cast iron pipe coatings, and powder metal welding processes; Spherical compounds and inoculants used in the production of iron; and by-products of the electrometallurgical process of silicon powder, silicon metal and ferrosilicon.
- In addition, the company also operates quartz mines in Spain, the United States, Canada, South Africa and Mauritania; low-ash metallurgical coal mines in the United States, and rights to hydroelectric power generation in Spain and France.
Ferroglobe provides services to silicone chemistry, aluminum and steel manufacturers; automotive companies and their suppliers; ductile iron plants; photovoltaic solar cell and computer chip manufacturers; and concrete producers.