Ferronikli stops production by year's end: A Difficult yet Essential Decision

The news has confirmed, Shpend Goodaqi leader of the Community Liaison Office in Ferronical.

According to him, management has been forced to make the difficult decision to completely shut off the electric furnace from the warm state, as well as to reduce the work schedule for a number of workers, starting on April 16, 2025.

“Faces a prolonged crisis, with no signs of rapid improvement, NewCo Ferrnikli Completex L. L.C. has been forced to make the difficult decision to completely shut down the electric furnace from its warm state, as well as to reduce the work schedule for a number of workers, starting on April 16th 2025”, Goodaki said.

On the other hand, he said that the measure is dictated by serious economic factors -- high and unstable electricity prices on the open market, as well as the low and unstable levels of nicotine in international stock exchanges.

These factors have created serious difficulties for our company over the past 17 months, making it impossible to produce and sell stored reserves for a long period of”, he said, adding that despite major challenges, no worker has lost his job.

However, the rationalisation of expenditures has become necessary, aimed at maintaining the company's financial stability and protecting its future. NewCo Ferronikli Complex L. L.C. is carefully following developments in metal and electricity markets, with the goal of returning production once the conditions for sustainable and non-losing operating are created”, Gudaki has said among other things./Periscopi/