North American Executive Issue 101 2024 | Page 115

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Ferroglobe
“ We will continue to evaluate our operating practices to adjust capacity in line with demand changes and will consider relocating production to areas with lower costs if necessary . We will also continue the process of optimization in key areas like working capital , commercial excellence , and procurement , with the aim of advancing through our value creation program to become a best-in-class organization .
“ Our investment into growing our silicon metal power project for batteries and other advanced technologies will also continue as we look to identify new strategic partnerships within the industry . Given the huge growth potential of this project for markets like solar and electric mobility , we hope to position ourselves as one of the key suppliers of highpurity silicon metal .
“ To do so , we must focus on growth , regain our competitiveness , and consolidate our operations ,” Marco concludes . “ Overall , Ferroglobe ’ s main ambition is to lead the silicon metal and alloys-based production in the western world and strive for our economic activity to positively contribute to building a more sustainable world for the future .” ■
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