Thoughts and Opinions
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Angel Cirasino
(Member of the Board of Directors of Globe Metals SA)
Globe Metals S.A. is dedicated to the manufacture of iron-alloys, especially Calcium Silicide and Ferrosilicon Magnesium. Its main shareholder is Globe Specialty Metals Inc. from the USA, a company which has plants in the USA, Brazil, Poland and Argentina. Its shareholders have expressed, with overwhelming facts, their opinion in relation to the convenience of investing in Mendoza, as on November 20, 2006, they formalized the purchase of the former Stein Ferroaleaciones S.A. The institutional quality of the province, its location in the Bi-Oceanic Atlantic – Pacific Passage, the training of its labor force and the potential of its energetic production, were all important elements that led to such a decision. |
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20% of our production is sold in the domestic market, and the rest is at present exported to 32 countries. The main steel mills and foundries of the country and of the world are among its main clients. It directly employs 240 professionals, technicians and operators, of whom 200 work in Mendoza, whereas indirect employment is estimated in 1,600 people. The company also owns 10% of the controlling corporation of Hidroeléctrica Nihuiles S.A. (HINISA) and Hidroeléctrica Diamante S.A. (HIDISA), both in the Province of Mendoza; this has been considered a strategic investment due to its capacity as an electro-intensive industry. For further information, you can visit the web page www.glbsm.com
Related Comments
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Alfredo Molina Ortiz
(Innovation and Regional Development Director - Instituto Tecnológico y de Estudios Superiores de Monterrey)
The competitive advantage of Mendoza is in its labors mind and in its institutions. See more
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