Listed Global Ferronickel Holdings Inc. is expanding further its business by venturing into cement manufacturing and value-added processing to unlock “significant” growth potential in these industries.
During its annual stockholders’ meeting, Global Ferronickel president Dante Bravo unveiled plans to produce limestone, clinker and other key materials used in the cement industry.
“This enables the company to tap into the construction and infrastructure sectors which offers significant growth potential,” Bravo said.
The listed firm also intends to establish a ferronickel processing plant, nickel matte processing facility, battery-grade nickel plant and a steel plant.
“These processing capabilities enable the company to enhance the value of its nickel products by transforming them into higher grade materials that cater to specific industry needs,” he said.
