STRENGTH THROUGH EXPERIENCE IN INDUSTRIAL PROPERTY AND BEYOND

2008

GFC Forces Closure of Silica Plant

History

As international economies crashed in 2007-2008, the reality of the Global Financial Crisis meant that many international exports came to a halt. The majority of the silica produced by the Index Group’s Tasmanian plant were exported internationally to the USA and Japan. With the slowing down of these economies, and subsequently international orders the decision was made to close the plant in early 2008.

The plant remained on a care and maintenance basis for some time and was involved in some trials for reprocessing a local environmentally unfriendly byproduct coming from the fishing industry in Tasmania but unfortunately it was eventually decided to completely close the operation.

Index Mineral Processors staff outside the IMP Burnie processing plant in Tasmania.
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