A silicon metal production company has announced it will cease operations at its factory in Niagara Falls by Sunday.
One hundred employees are impacted by the closure of the Ferroglobe PLC Niagara Falls plant.
In a press release, Ferroglobe cites the reason for the plant’s closure as
“The shutdown of this facility follows our recent announcement regarding the evaluation of various production adjustments to optimize utilization rates and logistics to customers, and to maximize economic efficiency across our global platform. said Pedro Larrea, Ferroglobe’s Chief Executive Officer. ““The decision to suspend production at the Niagara Falls plant was difficult given the unquestioned commitment of the plant’s employees.”