The South African branch of Australian International Ferro Metals Limited (IFML) began
construction of its first integrated ferrochrome processing plant at the Bushveld complex in South
Africa.
The plant, which requires an investment of nearly $167 million, is expected to have an annual capacity of 267400 tons once it comes on stream in 2007.
The ferrochrome market is currently weak, but company officials expect a rebound of 5-6 percent next year due to the increasing demand for
stainless steel.