SynopsisSpanish special steel manufacturer Sidenor is set to restart production at its Reinosa plant's rolling mill in northern Spain after nearly a year of downtime due to high energy prices, reports Kallanish. The decision was made following investments in innovation, energy efficiency, and market demand projections for 2024. The facility will begin operation in October, employing 20-25 workers in two shifts. Additionally, Sidenor is undertaking projects for renewable energy sources and enhancing its energy infrastructure to bolster its operations.Article:Spanish special steel producer Sidenor has announced its plans to resume production at the rolling mill located in its Reinosa plant in northern Spain. This development comes after the facility remained idle for nearly a year, primarily due to the impact of elevated energy prices in Spain, which affected the company's performance.Last Friday, Sidenor's management held a meeting with representatives from the workers' council to communicate the decision to restart operations in October. The revival of the rolling mill will involve two working shifts and employ approximately 20-25 workers.The workers' union UGT expressed that this restart became possible thanks to Sidenor's investments in various aspects, including innovation, energy efficiency, decarbonization, resource optimization, and enhanced competitiveness. They also noted that the decision aligns with Sidenor's anticipation of increased market demand in 2024.In June, Sidenor announced an infrastructure improvement project for the Reinosa plant. This initiative involves the construction of a new 30-kilovolt (Kv) electricity supply line, valued at €2 million ($2.14 million), with an expected completion date in December. This investment aims to enhance the plant's energy infrastructure.Furthermore, Sidenor is actively advancing a collaborative project with the Basque agency EVE (Ente Vasco de la Energía) for the development and utilization of renewable energy sources. This endeavor involves the establishment of eight photovoltaic solar plants in locations including Lleida, Tarragona, and Barcelona, reflecting Sidenor's commitment to sustainable energy practices.Conclusion:Sidenor's decision to restart production at the Reinosa plant's rolling mill signifies a positive step toward revitalizing its operations following a period of inactivity attributed to soaring energy prices. The company's strategic investments in innovation and energy efficiency, coupled with its optimistic outlook on market demand, have paved the way for this resurgence. Additionally, Sidenor's commitment to renewable energy projects and infrastructure improvements underscores its dedication to sustainability and enhanced competitiveness.
SynopsisSpanish special steel manufacturer Sidenor is set to restart production at its Reinosa plant's rolling mill in northern Spain after nearly a year of downtime due to high energy prices, reports Kallanish. The decision was made following investments in innovation, energy efficiency, and market demand projections for 2024. The facility will begin operation in October, employing 20-25 workers in two shifts. Additionally, Sidenor is undertaking projects for renewable energy sources and enhancing its energy infrastructure to bolster its operations.Article:Spanish special steel producer Sidenor has announced its plans to resume production at the rolling mill located in its Reinosa plant in northern Spain. This development comes after the facility remained idle for nearly a year, primarily due to the impact of elevated energy prices in Spain, which affected the company's performance.Last Friday, Sidenor's management held a meeting with representatives from the workers' council to communicate the decision to restart operations in October. The revival of the rolling mill will involve two working shifts and employ approximately 20-25 workers.The workers' union UGT expressed that this restart became possible thanks to Sidenor's investments in various aspects, including innovation, energy efficiency, decarbonization, resource optimization, and enhanced competitiveness. They also noted that the decision aligns with Sidenor's anticipation of increased market demand in 2024.In June, Sidenor announced an infrastructure improvement project for the Reinosa plant. This initiative involves the construction of a new 30-kilovolt (Kv) electricity supply line, valued at €2 million ($2.14 million), with an expected completion date in December. This investment aims to enhance the plant's energy infrastructure.Furthermore, Sidenor is actively advancing a collaborative project with the Basque agency EVE (Ente Vasco de la Energía) for the development and utilization of renewable energy sources. This endeavor involves the establishment of eight photovoltaic solar plants in locations including Lleida, Tarragona, and Barcelona, reflecting Sidenor's commitment to sustainable energy practices.Conclusion:Sidenor's decision to restart production at the Reinosa plant's rolling mill signifies a positive step toward revitalizing its operations following a period of inactivity attributed to soaring energy prices. The company's strategic investments in innovation and energy efficiency, coupled with its optimistic outlook on market demand, have paved the way for this resurgence. Additionally, Sidenor's commitment to renewable energy projects and infrastructure improvements underscores its dedication to sustainability and enhanced competitiveness.
