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++sonora++ Chilean metallurgic company announces investment for US$135 million in Sonora Santiago de Chile.- The Chilean metallurgic company Molymet announced today a US$135 million investment in Mexico to build a metallic catalyzers recycling plant in their facilities in Cumpas, Sonora, where they have been operating since 1995.
Fernando Alliende, International Vice-president, New Business, said to Notimex that construction of the new plant, which will be located inside the company’s complex in Cumpas, will start next year and operations are expected to begin in 2014.
“Our investment in Molymex has amounted to US$110 million since 1995, when we started operations and now in this project, a catalyzers recycling plant, we will invest US$135 million more”, Alliende said.
Mollymet, world leader in the production of molybdenum derivatives, a byproduct of copper mining, is owner of Molymex in Cumpas, a metallurgic plant that generates 27 million pounds of processed molybdenum every year.