Business
Posted: 1 week ago

Georgian Manganese Invested $2 Million in Expanding its Production

In the 4th workshop of the Georgian Manganese Ferroalloy Plant, the overhaul of the 26th furnace has been completed and put into operation.

The furnace will produce 70 tons of additional products per day, which will increase the existing production volume to at least 25,000 tons, or 10%.

The new furnace is planned to produce $ 43 million worth of products a year. It took five months to complete the capital work, with a total investment of more than $ 2 million.

According to the Ministry of Economy, the production process on the new furnace, which has a capacity of 22.5 MW, will be carried out in a semi-closed cycle. Consequently, during the metal release process, no harmful dust is emitted outside. Furnace refractory by modern standards (cold compressed paste) in collaboration with one of the largest Norwegian companies in the world Elkem Karbon As. The commissioning of the furnace created an additional 20 jobs.

At the opening of the new furnace, Natia Turnava said that despite the pandemic, the enterprise was strengthened and a new furnace was put into operation. According to the Minister of Economy, in general, the Zestaponi Ferroalloy Plant, ferroalloys account for almost 10% of the country's local exports. The company "Georgian Manganese" employs about 5000 people in Imereti - Zestaponi and Chiatura.

"Of course, it is very important to be able to arrange such a high, ecologically clean and technologically new furnace through domestic investment, reinvestment, which is also important - air emissions are practically non-existent. We are confident that this will be a very strong application to help our economy grow as fast as possible, overcome all crisis events and increase exports even more. We, the Ministry of Economy, as the government of Georgia, fully support local production, and the Zestaponi Ferroalloy Plant is considered to be one of the flagships of our local, national production," said the Minister of Economy.