Dec 30 2013
Globe Specialty Metals, Inc. today announced that Unifor members ratified on Friday, December 27, 2013 a new collective bargaining agreement.
The Plant, which operated one of three furnaces during the lockout, will begin the process of ramping to full production on January 3, 2014 and be at full production by the end of the first quarter of 2014.
The contracts for shipments to Canadian customers received by the Company's QSIP Canada subsidiary for the first six months of 2014 are on pace to be the largest volume of domestic sales since at least the 1990s.
"We are extremely pleased to put people back to work in Becancour," said Jeff Bradley, Chief Executive Officer of Globe Specialty Metals, Inc. "This was made possible in large part by the decisions of the Canada Border Services Agency and Canadian International Trade Tribunal that have stopped unfairly traded imports of Chinese silicon metal in Canada as well as the recognition by our union employees of the need to modernize and update the collective bargaining agreement to assure the Plant's future. With the playing field level, we expect that this Plant can and will compete in this market, and we are very pleased that our major Canadian customers have chosen to work with us at such significant levels. We owe a great debt of gratitude to our management personnel who kept the Plant functioning during the lockout."
Source: http://www.glbsm.com/