AMG VANADIUM BREAKS GROUND AT NEW ZANESVILLE PLANT
Earlier today AMG Vanadium broke ground for its new Muskingum County spent catalyst recycling plant, located in EastPointe Business Park, just east of Zanesville, Ohio. Joining Company leaders at the event were representatives from federal, state and local offices along with a number of regional business and civic leaders, and AMG customers.
AMG Vanadium’s president, Hoy E. Frakes, Jr. states, “We are very pleased to be doubling our spent catalyst recycling capacity and ferroalloy production with the addition of our new Zanesville plant. AMG’s expansion would not have been possible without the strong support and endorsement that we have received from our federal Congressional delegation, the State of Ohio, and our local Muskingum and Guernsey County teams. We look forward to further cementing our presence in Southeastern Ohio.”
“This is a great day for Muskingum County. We are excited to welcome AMG Vanadium to the EastPointe Business Park,” said Matt Abbott, Executive Director of the Zanesville Muskingum County Port Authority. “They have a proven track record in our region of being an excellent, community-oriented employer that will benefit our community for years to come.”
AMG’s Zanesville plant will create approximately 100 new production and management jobs in addition to 500-600 temporary construction jobs. Construction is slated to begin this summer with completion of Phase I of the project expected by the end of 2020. Overall project completion is expected in 2021.
About AMG Vanadium LLC
AMG Vanadium LLC is a wholly-owned subsidiary of AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”), a global leader in the production of highly engineered specialty metal products and advanced vacuum furnace systems. Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into specialty metals used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials which would otherwise be discarded as waste, AMG Vanadium encourages environmental stewardship, energy conservation and resource recovery, making it the environmental leader in this global industry. AMG Vanadium is the North American ferrovanadium market share leader and has two primary product lines: FEROVAN®, its ferrovanadium alloy used in the production of steel to improve its strength, and FeNiMoly® which is a valuable additive utilized in the production of stainless and carbon steels.
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