Wikipedia

Aurubis: Difference between revisions

Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Adding local short description: "Second larger producer in the world", overriding Wikidata description "company" (Shortdesc helper)
Roßmann
Tags: Mobile edit Mobile app edit iOS app edit App section source
 
(48 intermediate revisions by 31 users not shown)
Line 1:
{{Short description|Second largerlargest producer of copper in the world}}
{{For|the fabulous metal mentioned in the ancient writings of Plato on the legend of Atlantis|Orichalcum}}
{{Multiple issues|
{{advert|date=June 2018}}
Line 13 ⟶ 14:
| predecessor = Norddeutsche Affinerie, [[Cumerio]]
| area_served = Europe, USA, Asia
| key_people = Roland Harings <small>([[chief executive officer|CEO]] and Chairman of the management board)</small>, Prof. Dr. Fritz Vahrenholt <small>([[Chairman]] of the [[supervisory board]])</small>
| industry = [[Metals]] and [[Mining]]
| products = [[Copper extraction techniques|Copper extraction]], [[recycling]] of copper and [[precious metal]]s, [[manufacturing|manufactured]] copper products
| revenue = €13€ 18.33652 billion <small>(20102021/20112022)</small><ref>[{{cite web |url=https://www.aurubis.com/gb_10_11?l=1&p=0 |website=www.aurubis.com |access-date=13 January 2022 |title=Archived copy |archive-date=31 March 2016 |archive-url=https://web.archive.org/web/20160331085750/https://www.aurubis.com/gb_10_11?l=1&p=0] |url-status=dead }}</ref>
| operating_income =
| operating_income = €455.5 million <small>(2010/2011)</small><ref name="aurubis1">{{Cite web|url=https://archive.is/20120731005426/http://www.aurubis.com/gb_10_11/index.php?p=118a&l=1&l=1&s=|title = Aurubis Annual Report 2010/11 ::}}</ref>
| net_income =
| net_income = €320.8 million <small>(2010/2011)</small><ref name="aurubis1"/>
| assets =
| assets = €4.333 billion <small>(September 2011)</small><ref>[https://web.archive.org/web/20160329035439/https://www.aurubis.com/gb_10_11/index.php?l=1&l=1&p=120&s=]</ref>
| equity =
| equity = €1.740 billion <small>(September 2011)</small><ref>{{Cite web|url=https://archive.is/20120719114005/http://www.aurubis.com/gb_10_11/index.php?p=123&l=1&l=1&s=|title = Aurubis Annual Report 2010/11 ::}}</ref>
| num_employees = 6,913 <small>(September 30, 2022)</small>
| num_employees = 6,279 <small>(September 2011)</small><ref>[http://www.aurubis.com/fileadmin/media/documents/en/Geschaeftsberichte_Quartalsberichte/Anual_Report_Aurubis_2010_11.pdf ] {{webarchive |url=https://web.archive.org/web/20120201005216/http://www.aurubis.com/fileadmin/media/documents/en/Geschaeftsberichte_Quartalsberichte/Anual_Report_Aurubis_2010_11.pdf |date=February 1, 2012 }}</ref>
| divisions =
| subsid =
| foundation = {{start1866 date(as andNorddeutsche age|2008|12|17}}Affinerie AG until 2009)
| location_city = [[Hamburg]]
| location_country = [[Germany]]
| locations = [[Germany]], [[Belgium]], [[Bulgaria]], [[United States, Italy, Switzerland, UK, [[Slovakia]], [[NetherlandsItaly]], [[Finland]], Sweden
| homepage = [http://www.aurubis.com/ Aurubis.com]
}}
Line 34 ⟶ 35:
[[File:Aurubis Sites.jpg|thumb|The sites of Aurubis AG]]
 
'''Aurubis AG''' (formerly Norddeutsche Affinerie AG) is a global supplier of [[Non-ferrous metal|non-ferrous metals]] and one of the world's largest copper recyclers. The company processes complex metal concentrates, [[scrap]], organic and inorganic metal-bearing recycling materials, and industrial residues into metals. Aurubis produces more than 1 million tons of copper [[Cathode|cathodes]] per year, and from these, a variety of products, such as wire rods, continuous cast shapes, profiles, and flat rolled products in copper and copper alloys. Aurubis also produces a range of other metals, including precious metals such as [[selenium]], [[lead]], [[nickel]], [[tin]], and [[zinc]]. The portfolio includes other products, such as sulfuric acid and iron silicate.
'''Aurubis AG''' (formerly Norddeutsche Affinerie AG) is listed on the stock exchange<ref>{{cite web|url=http://www.boerse-frankfurt.de/DE/index.aspx?pageID=35&ISIN=DE0006766504|title=Aurubis AG &#124; Aktie &#124; 676650 &#124; DE0006766504 &#124; Börse Frankfurt|publisher=Boerse-frankfurt.de|access-date=2015-08-02|archive-url=https://web.archive.org/web/20100725053331/http://www.boerse-frankfurt.de/DE/index.aspx?pageID=35&ISIN=DE0006766504|archive-date=2010-07-25|url-status=dead}}</ref> and is the largest copper producer in Europe<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=asHMXoDuelDs&refer=germany | work=Bloomberg | title=Norddeutsche Affinerie to Be Named Aurubis After Buying Cumerio | date=16 December 2008}}</ref> (the second largest in the world) and the largest copper recycler worldwide. Its headquarters is in Hamburg, Germany. After the acquisition of the Belgian copper producer Cumerio by Norddeutsche Affinerie AG on 18 February 2008, the company re-branded itself as Aurubis as of 1 April 2009.
 
Following Norddeutsche Affinerie AG's acquisition of the Belgian copper producer Cumerio on February 18, 2008, the company was renamed Aurubis on April 1, 2009.
Aurubis produces more than one million tonnes of copper cathodes annually and from them a variety of copper products. It employs about 7,400 people (updated: January 2021).
 
Aurubis has about 6,900 employees, European and USA production sites, and a worldwide sales network.
== History ==
Aurubis names the company ‘Beit, Marcus und Salomon Gold- und Silberscheider’ (‘Beit, Marcus und Salomon gold and silver parting’) in the Elbstrasse in Hamburg as its predecessor. It was first mentioned in the Hamburg merchant almanac in 1783, but Marcus Salomon Beit was already given the permission to build a silver parting and smelting furnace in Hamburg in 1770.
As time went on, the company did not only smelt coins and [[precious metal]] alloys but also silver ores so that a shift of the production towards ore smelting occurred.
After 1830 Hamburg ship owners started to ship copper ore on the emigration ships when they returned to Germany from North and South America or even Australia. In 1846 the ‘Elbkupferwerk’ was founded on the river Elbe’s island [[Steinwerder]] in cooperation with Johann Cesar Godeffroy and Siegmund Robinow.
 
Aurubis shares are listed in the [[Prime Standard]] Segment of the [[German Stock Exchange]], the [[MDAX]], the [[Global Challenges Index]] (GCX), and the [[STOXX Europe 600]].
The economic recovery led to the foundation of the ‘Elbhütten Affinerie- und Handelsgesellschaft’ in 1856 which merged the Elbkupferwerk and the Beit gold and silver parting company.
Delivery and smelting of copper and silver ores were processed in Steinwerder, the Elbstrasse site took care of the processing by ‘affination’ in smelters and the sale of the products.
The annual copper production amounted to 3,000 tonnes.
On 28 April 1866 Norddeutsche Affinerie was founded as a stock corporation with participation of [[Norddeutsche Bank]] and Allgemeine Deutsche Kreditanstalt.<ref>{{cite web|url=http://www.aurubis.com/en/corporate-group/history/ |title=History of the company|access-date=March 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120201085739/http://www.aurubis.com/en/corporate-group/history/ |archive-date=February 1, 2012 }}</ref>
 
== History ==
Copper was produced at the ‘Peute’, an industrial area of the Hamburg district [[Veddel]] since 1910. The production plants occupy great parts of the industrial area there.
Aurubis names the company ‘Beit, Marcus und Salomon Gold- und Silberscheider’ (‘Beit, Marcus und Salomon Gold and Silver Parting’) in the Elbstrasse in Hamburg as its predecessor. It was first mentioned in the Hamburg merchant almanac in 1783, but Marcus Salomon Beit was already permitted to build a silver parting and smelting furnace in Hamburg in 1770. As time went on, the company did not only smelt coins and [[precious metal]] alloys but also silver ores, so a shift of production towards ore smelting occurred. After 1830, Hamburg ship owners started to ship copper ore on the emigration ships when they returned to Germany from North and South America and sometimes Australia. In 1846, the ‘Elbkupferwerk’ was founded on the river Elbe's island [[Steinwerder]] in cooperation with Johann Cesar Godeffroy and Siegmund Robinow.
 
The economic recovery led to the foundation of the ‘Elbhütten Affinerie- und Handelsgesellschaft’ in 1856, which merged the Elbkupferwerk with the Beit Gold and Silver Parting company. Delivery and smelting of copper and silver ores were processed in Steinwerder; the Elbstrasse site oversaw the processing by ‘affination’ in smelters and the sale of the products. The annual copper production amounted to 3,000 tonnes. On 28 April 1866, Norddeutsche Affinerie was founded as a stock corporation with the participation of [[Norddeutsche Bank]] and Allgemeine Deutsche Kreditanstalt.<ref>{{cite web|url=http://www.aurubis.com/en/corporate-group/history/ |title=History of the company|access-date=March 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120201085739/http://www.aurubis.com/en/corporate-group/history/ |archive-date=February 1, 2012 }}</ref>
Following the Nazi seizure of power in 1933, the Jewish members of the management board Richard Merton, Julius Levisohn and [[Heinrich Wohlwill]] were forced to step down.<ref name=":0">{{Cite book|last=Aurubis AG|url=https://www.aurubis.com/binaries/content/assets/aurubis-en/dateien/jubilee/cu_150.0_engl_einzelseiten.pdf|title=Cu 150.0 : Tradition - Expertise - Innovation ; 1866-2016 : the history of the Copper Group : 150 years of the future : Aurubis|publisher=August Dreesbach Verlag|year=2016|isbn=978-3-944334-71-4|location=München|oclc=953968198}}</ref>{{rp|39}} The Norddeutsche Affinerie was profiting by the increased public investment and expanded its business significantly. By 1939, the company covered nearly half the German demand for copper and was employing 1450 people.<ref name=":0" />{{rp|37}} In the aftermath of the [[Kristallnacht|November pogroms]], the company took part in processing gold that was extorted from Jewish owners.<ref name=":0" />{{rp|39–40}} In 1939, Wilhelm Avieny of [[Metallgesellschaft]] and Hermann Schlosser, CEO of [[Degussa]], were appointed to leading positions in the Supervisory Board of Norddeutsche Affinerie. Both were early supporters of the [[Nazi Party|NSDAP]] and linked to Nazi politics due to the importance of their respective companies.<ref name=":0" />{{rp|39}} During World War II, Norddeutsche Affinerie was an important supplier to the munitions industry and used [[Forced labour under German rule during World War II|forced labor]] to uphold production. At its peak in July 1944, 806 of 1900 employees were forced laborers.<ref name=":0" />{{rp|41}}
 
Copper has been produced at the ‘Peute,’ an industrial area of the Hamburg district Veddel, since 1910. The production plants occupy large parts of the industrial area.
Dr Werner Marnette was CEO was from 1994 to 9 November 2007.
 
Following the Nazi seizure of power in 1933, the Jewish members of the management board Richard Merton, Julius Levisohn, and [[Heinrich Wohlwill]] were forced to step down.<ref name=":0">{{Cite book|last=Aurubis AG|url=https://www.aurubis.com/binaries/content/assets/aurubis-en/dateien/jubilee/cu_150.0_engl_einzelseiten.pdf|title=Cu 150.0 : Tradition - Expertise - Innovation ; 1866-2016 : the history of the Copper Group : 150 years of the future : Aurubis|publisher=August Dreesbach Verlag|year=2016|isbn=978-3-944334-71-4|location=München|oclc=953968198}}</ref>{{rp|39}} The Norddeutsche Affinerie profited from increased public investment and expanded its business significantly. By 1939, the company had provided nearly half the German copper demand and employed 1450 people.<ref name=":0" />{{rp|37}} In the aftermath of the [[Kristallnacht|November pogroms]], the company took part in processing gold that was extorted from Jewish owners.<ref name=":0" />{{rp|39–40}} In 1939, Wilhelm Avieny of [[Metallgesellschaft]] and Hermann Schlosser, CEO of [[Degussa]], were appointed to leading positions on the supervisory board of Norddeutsche Affinerie. Both were early supporters of the [[Nazi Party|NSDAP]] and linked to Nazi politics due to the importance of their respective companies.<ref name=":0" />{{rp|39}} During World War II, Norddeutsche Affinerie was an essential supplier to the munitions industry and used [[Forced labour under German rule during World War II|forced labor]] to maintain production. At its peak in July 1944, 806 out of 1900 employees were forced laborers.<ref name=":0" />{{rp|41}}
Dr Bernd Drouven was appointed CEO from 2008 to 31 December 2011.
 
Norddeutsche Affinerie took over 91% of the Belgium copper producer [[Cumerio]] on 18 February 2008 after a lengthy dispute with the Austrian A-TEC Industries. A squeeze-out completed the acquisition of Cumerio on 15 April 2008.<ref>{{cite magazine|url=http://www.manager-magazin.de/finanzen/artikel/0,2828,547537,00.html |title=Squeeze-out: Cumerio verlässt die Börse |magazine=[[Manager Magazin]] |date=2008-04-15 |access-date=2015-08-02}}</ref>
Peter Willbrandt was appointed CEO as of 1 January 2012, followed by Roland Harings since 2019.
 
In May 2023, a serious industrial accident occurred at Aurubis's primary copper smelter plant in Hamburg. Following a nitrogen leak during regular maintenance, three fatalities were reported.<ref>{{cite web |last=Taylor |first=Brian|title=Aurubis incident in Germany causes three fatalities |url=https://recyclingtoday.com/news/aurubis-fatalities-hamburg-germany-copper-nitrogen-leak/ |access-date=10 May 2023}}</ref>
Norddeutsche Affinerie took over 91% of the Belgium copper producer [[Cumerio]] until 18 February 2008 after a long dispute with the Austrian A-TEC Industries. A Squeeze-Out completed the acquisition of Cumerio on 15 April 2008.<ref>{{cite web|url=http://www.manager-magazin.de/finanzen/artikel/0,2828,547537,00.html |title=Squeeze-out: Cumerio verlässt die Börse - manager magazin |publisher=Manager-magazin.de |date=2008-04-15 |access-date=2015-08-02}}</ref>
 
In March 2009, the general meeting of ''Norddeutsche Affinerie'' renamed the company to Aurubis.<ref>{{cite web|title=Norddeutsche Affinerie and Cumerio have become Aurubis – renaming of public limited company (Aktiengesellschaft - AG) and subsidiaries has been carried out today |url=http://www.aurubis.com/en/press/press-releases/norddeutsche-affinerie-and-cumerio-have-become-aurubis-renaming-of-public-limited-company-aktiengesellschaft-ag-and-subsidiaries-has-been-carried-out-today/ |access-date=2009-04-08 |url-status=dead |archive-url=https://web.archive.org/web/20150623191752/https://www.aurubis.com/en/press/press-releases/norddeutsche-affinerie-and-cumerio-have-become-aurubis-renaming-of-public-limited-company-aktiengesellschaft-ag-and-subsidiaries-has-been-carried-out-today/ |archive-date=2015-06-23 }}</ref>
 
== Activities ==
[[File:Cu-Scheibe.JPG|thumb|left|Cross section of an Aurubis copper [[Billet (manufacturing)|billet]] produced by [[continuous casting]]: radial crystallite structure revealed after [[Industrial etching|etching]].]]
The core business is the production of copper cathodes from copper concentrates, scrap, and recyclingrecycled materials (copper refining). These are processed within the Group intoinclude continuous cast wire rodrods, shapesshaped rods, rolled products and strips, asand well as specialspecialty wire made of copper and copper alloys. PreciousAurubis metalsalso areprocesses asprecious well an important product field of Aurubismetals. The groupGroup produces and markets all other importantseveral elements of the copper production as specialty products., Theseincluding, arebut amongstnot otherslimited to, sulphuricsulfuric acid and iron silicate.
 
CustomersAurubis of Aurubiscustomers include companies in the copper semis industry, the electrical engineering, electronics, and chemical industries, as well as suppliersrenewable ofenergy thesuppliers. renewable energies,The construction and automotive sectors are also represented.
 
The company was affiliatedlisted in the encyclopaediaencyclopedia of German world market leaders in 2010.{{Clear}}
{{Clear}}
 
== Shareholder structure ==
Aurubis shares belong to the [[Prime Standard]] segment of the German Stock Exchange ([[Deutsche Börse]]) and are included in the [[MDAX]], [[STOXX Europe 600]], and Global Challenges Index ([[:de:Global_Challenges_Index|GCX]]). With a share of 29.99 % of the Company's capital stock, [[Salzgitter AG]] is Aurubis' anchor investor. As of 2024, [[Dirk Roßmann]]'s family holds more than 5%, the remaining of the voting shares are considered [[free float]]. Shares of all shareholders subject to reporting requirements see table:
Aurubis is a member of the Deutsche Börse's Prime Standard segment and is listed in the MDAX and in the Global Challenges Index (GCX).
{| class="wikitable"
 
!Share
Shareholder structure since 29 August 2011:<ref>[http://www.aurubis.com/en/investor-relations/aurubis-shares/shareholder-structure/] {{webarchive |url=https://web.archive.org/web/20101202053155/http://www.aurubis.com/en/investor-relations/aurubis-shares/shareholder-structure/ |date=December 2, 2010 }}</ref>
(in percent)
 
!Shareholders<ref>{{cite web|access-date=2022-07-17|title=BaFin - bedeutende Stimmrechtsanteile nach § 39 des Wertpapierhandelsgesetzes (WpHG)|url=https://portal.mvp.bafin.de/database/AnteileInfo/aktiengesellschaft.do?cmd=zeigeAktiengesellschaft&id=40001577}}<!-- auto-translated by Module:CS1 translator --></ref>
* ~ 25% [[Salzgitter AG]]
|-
* ~ 30% private investors
|29,99<ref>{{cite web|access-date=2022-07-17|pages=48|title=Geschäftsbericht 2021 – Konzernlagebericht und Lagebericht der Salzgitter AG|url=https://www.salzgitter-ag.com/fileadmin/finanzberichte/2021/gb2021/de/downloads/szag-gb2021-gesamt.pdf}}<!-- auto-translated by Module:CS1 translator --></ref>
* ~ 35% other institutional investors
|[[:en:Salzgitter_AG|Salzgitter AG]]
 
|-
== Production==
|3,17
Fiscal year 2010/11<ref name="aurubis2">[https://web.archive.org/web/20160327121907/https://www.aurubis.com/en/public-relations/press-releases-news/report-on-fiscal-year-201011]</ref>
|[[:en:BlackRock|BlackRock]] Inc.
 
|-
The good raw material supply ensured high capacity utilisation of the production plants during the entire fiscal year. Overall, a total of 2,057,000 t of concentrates (2,063,000 t in the prior year) were processed at the Hamburg and Pirdop sites.
|4,4
The sulphuric acid output decreased to 2,002,000 t (2,071,000 t in the prior year) due to the concentrate throughput. At 934,000 t (932,000 t in the prior year), the cathode output increased again. The operating EBT of Business Unit (BU) Primary Copper rose significantly to €169.5 million (€65.4 million in the prior year). This increase in earnings is especially attributed to the favourable market trend for copper and copper raw materials as well as sulphuric acid.
|''Dimension Holdings Inc.''
 
|}
At 213,000 t, the cathode output of BU Recycling/ Precious Metals during the past fiscal year slightly exceeded the prior-year value of 212,000 t. The throughput quantity of the Kayser Recycling System (KRS) was raised by 12%, from 233,000 t in the prior year to 260,000 t. The new production methods resulting from the KRS-Plus unit commissioned in June were already apparent. The good supply of precious metal-bearing input materials allowed us to increase the quantity of recovered silver to 1,367 t (1,339 t in the prior year). The gold output decreased to 35 t (38 t in the prior year) due to the feed but was still at a high level. The BU’s operating earnings before taxes doubled to €100.1 million, compared to €49.4 million in the prior year.
Status: October 4, 2022
 
In BU Copper Products, the good economic trend resulted in high demand for copper products in the first few months of the fiscal year. The quantity of wire rod produced increased by about 3% to 785,000 t (766,000 t in the prior year), while at 197,000 t, the output of continuous cast shapes did not quite reach the prior-year value of 210,000 t. The positive economic environment overall was reflected in the BU’s good operating EBT, which rose from €47.9 million to €49.7 million.
 
==Environmental protection==
Environmental and climate protection are among the key targets of Aurubis’Aurubis' corporate strategy and are outlined in the company guidelines. State-of-the-art plant technologies whichthat set international benchmarks are used in environmental protection. The expansion of recycling activities in the Group helps to close material cycles in an environmentally friendly way and is thus an important contribution to sustainable development. Beyond compliance with legal requirements, voluntary commitments like the chemical industry’sindustry's “"[[Responsible Care]]”" initiative are important instruments for continuously improving performance in environmental and health protection performance at Aurubis. A uniform environmental standard was created and implemented for the Aurubis Group. The environmental management system at all of the main sites in the Aurubis Group areis ISO 14001 certified. The Hamburg and Lünen sites, as well as Schwermetall Halbzeugwerk, are EMAS certified.<ref>[http://www.aurubis.com/fileadmin/media/documents/en/Umwelt/2011_Environmental_Report_online.pdf ]{{dead link|date=August 2015}}</ref>
 
AIn the past 30 years, a total of €359 million has been invested in environmental protection measures at the Hamburg site in the past 30 years. Five agreements on improving environmental protection and increasing energy efficiency have been concluded with the Hamburg State Authority of Urban Development and Environment and successfully implemented. In February 2011, a sixth emission reduction agreement was concluded between Aurubis and the city of Hamburg. This sixth agreement comprises environmental protection measures with a capital expenditure totallingtotaling about €20 million and is in effect until 2016.
 
Aurubis, formerly Norddeutsche Affinerie, is considered to be the biggest heavy metal emitter in northern Germany.
In the early 1980s, arsenic and cadmium, in particular, were shown to be present in the wastewater discharge and in the stacks’ exhaust air.<ref>{{cite web|url=https://www.handelsblatt.com/archiv/aktie-unter-der-lupe-die-norddeutsche-affinerie-hat-guten-draht-zu-analysten/2092014.html |title=Aktie unter der Lupe: Die Norddeutsche Affinerie hat guten Draht zu Analysten |publisher=Handelsblatt.com |date=2001-08-22 |access-date=2015-08-02|language=de}}</ref> ThereIn was1985, an arsenic scandal occurred in Hamburg in 1985 when it was discovered that heavy metals had accumulated in the soil in eastern Hamburg, especially in agricultural areas. ThisThe scandal became a scandal because the Hamburg authorities tried to conceal it. The environmental protection group Physik-Geowissenschaften took water and soil samples showing that arsenic, cadmium, copper, zinc, and other heavy metals had accumulated in the harbourharbor mud in front of the plant and waswere still entering the river Elbe in 2005 through cracks in the embankment.
 
In August 2020 Aurubis signed a contract with the Norwegian mining company Nussir ASA. The company plans to mine about 2 million tons of ore annually in the next 15 years. Several environmental and human rights organizations criticize the project.<ref>https://www.aurubis.com/binaries/content/assets/aurubisrelaunch/files/hauptversammlung/2021/gegenantraege-2021_en.pdf</ref> In a statement of the [[Society for Threatened Peoples|Society for Threatened Peoples (STP)]] the problem is expressed as follows: "The [[Sami People|Sami]], who keep reindeer herds in the region of the future Nussir mine, are against new copper mining projects. From their point of view, the plans are to be seen as a violation of their right to free, prior, informed consent. Thus, Aurubis should not fulfill its copper contract with Nussir without the express consent of the Sami reindeer herders. Thus, Aurubis should not fulfill its copper contract with Nussir without the express consent of the Sami reindeer herders. Nils Utsi, chairman of the Repparfjord reindeer herders: The mine is in our animals' delivery room. If it is really put into operation, we will lose our herds ".<ref>{{Cite web|url=https://www.gfbv.de/en/news/hauptversammlung-des-kupferkonzerns-aurubis0-10444/|title = Annual general meeting of copper group Aurubis}}</ref> In August 2021, Aurubis terminated the contract, due to these issues. <ref>https://www.aurubis.com/en/media/press-releases/press-releases-2021/aurubis-and-nussir-terminate-memorandum-of-understanding-regarding-future-concentrate-supply</ref>
 
==Financial situation and capital expenditure==
Fiscal year 2010/11<ref name="aurubis2"/>
 
The good business performance had a positive effect on the IFRS gross cash flow, which at €792 million was €280 million up on the prior-year value (€512 million in the prior year). Cash outflow from the change in working capital amounted to €374 million, about €53 million below the comparable prior-year value. Overall, net cash flow in the reporting period amounted to €418 million, which was €333 million above the prior-year value.
 
Investments (including financial fixed assets and prior to the acquisition of Luvata RPD) amounted to €116 million (€151 million in the prior year) in the reporting period and primarily consisted of investments in property, plant and equipment. The largest investments were allotted to the expansion of complex secondary material processing (KRS-Plus) at the Lünen site, which went into operation in the past fiscal year, the expansion of concentrate processing at the Hamburg site (Future RWO) and the expansion of [[anode slime]] processing at the Hamburg site.
 
A free cash flow of €302 million results after deducting investments in fixed assets from the net cash flow, which is €368 million above the prior year. Net payments amounting to €159 million were made in the current fiscal year for the acquisition of interests in affiliated companies of Luvata’s Rolled Products Division. Taking interest payments and received dividends into account, there is a cash outflow of €257 million from investing activities.
 
==Investments==
As of 2010:
* Agropolychim AD, Devnya (1%)
* Aurubis Belgium nv/sa, Brussels (100%)
* Aurubis Bulgaria AD, Pirdop (99.77%)
* Aurubis Engineering EAD, Sofia (100%)
* Aurubis Italia Srl, Avellino (100%)
* Aurubis Slovakia s.r.o., Dolny Kubin (100%)
* Aurubis Stolberg GmbH & Co. KG, Stolberg (100%)
* Aurubis Stolberg Verwaltungs-GmbH, Stolberg (100%)
* Aurubis Switzerland SA, Yverdon-les-Bains (100%)
* Aurubis U.K. Ltd., Smethwick (100%)
* [https://www.azeti.net/en/ Azeti GmbH], Berlin (100%)<ref>{{Cite web|url=https://www.aurubis.com/en/public-relations/press-releases--news/news/2020/16.07.2020-aurubis-acquires-berlin-software-developer-azeti|title=Aurubis acquires Berlin software developer azeti|website=www.aurubis.com|access-date=2021-01-31}}</ref>
* C.M.R. International N.V., Antwerp (50%)
* CABLO Metall-Recycling & Handel GmbH, Fehrbellin (100%)
* CIS Solartechnik GmbH & Co. KG, Bremerhaven (50%)
* Cumerio Austria GmbH, Vienna (100%)
* Deutsche Giessdraht GmbH, Emmerich (60%)
* E.R.N. Elektro-Recycling NORD GmbH, Hamburg (70%)
* Hüttenbau-Gesellschaft Peute mbH, Hamburg (100%)
* JoSeCo GmbH, Kirchheim/Swabia (33%)
* Peute Baustoff GmbH, Hamburg (100%)
* PHG Peute Hafen- und Industriebetriebsgesellschaft mbH, Hamburg (7%)
* Retorte do Brasil LTDA, Joinville (51%)
* RETORTE GmbH Selenium Chemicals & Metals, Röthenbach (100%)
* Schwermetall Halbzeugwerk GmbH, Stolberg (50%)
* Schwermetall Halbzeugwerk GmbH & Co. KG, Stolberg (50%)
* VisioNA GmbH, Hamburg (50%)
 
As of 2008/2009:
* Berliner Kupfer-Raffinerie GmbH i. L., Hamburg, Germany (100%)
* C.M.R. International N. V., Antwerp, Belgium (50%)
* CABLO Metall-Recycling & Handel GmbH, Fehrbellin, Germany (100%)
* CIS Solartechnik GmbH & Co. KG, Bremerhaven, Germany (50%)
* Deutsche Giessdraht GmbH, Emmerich, Germany (60%)
* E.R.N. Elektro-Recycling NORD GmbH, Hamburg, Germany (70%)
* EIP Metals Ltd., Smethwick, United Kingdom (100%)
* Hüttenbau-Gesellschaft Peute mbH, Hamburg, Germany (100%)
* Former Hüttenwerke Kayser, now “Aurubis Lünen” GmbH, Lünen, Germany (100%)
* JoSeCo GmbH, Kirchheim/Swabia (33%)
* Peute Baustoff GmbH, Hamburg, German (100%)
* PHG Peute Hafen- und Industriebetriebsgesellschaft mbH, Hamburg, Germany (7%)
* Prymetall GmbH & Co. KG, Stolberg (Rhld.), Germany (100%)
* RETORTE Ulrich Scharrer GmbH, Röthenbach an der Pegnitz (100%)
* Schwermetall Halbzeugwerk GmbH & Co. KG, Stolberg (Rhld.), Germany (50%)
* VisioNA GmbH, Hamburg, Germany (50%)
 
==Aurubis Executive and Supervisory Boards==
Executive Board
* Roland Harings (Chairman since 1 July 2019)
* Rainer Verhoeven (Chief Financial Officer since 1 January 2018)
* Thomas Bünger (since 1 October 2018)
 
Supervisory Board
* Fritz Vahrenholt (since 26 November 1999, Chairman since 1 March 2018)
*Heinz Jörg Fuhrmann (since 5 January 2009)
* Karl Friedrich Jakob (since 1 March 2018)
*Stephan Krümmer (since 1 March 2018)
*Sandra Reich (since 28 February 2013)
*Andrea Bauer (since 22 June 2018)
*Stefan Schmidt (since 1 March 2018, Deputy Chairman since 12 June 2019)
*Deniz Acar (since 3 May 2019)
*Jan Koltze (since 3 March 2011)
*Elke Lossin (since 1 March 2018)
*Christian Ehrentraut (since 3 May 2019)
*Melf Singer (since 1 March 2018)
 
In August 2020, Aurubis signed a contract with the Norwegian mining company Nussir ASA. The company plans to mine about 2 million tons of ore annually over the next 15 years. Several environmental and human rights organizations have criticized the project.<ref>{{cite web |url=https://www.aurubis.com/binaries/content/assets/aurubisrelaunch/files/hauptversammlung/2021/gegenantraege-2021_en.pdf |title=Countermotions for the (virtual) Annual General Meeting on February 11, 2021 in Hamburg |website=www.aurubis.com |archive-url=https://web.archive.org/web/20210502085910/https://www.aurubis.com/binaries/content/assets/aurubisrelaunch/files/hauptversammlung/2021/gegenantraege-2021_en.pdf |archive-date=2021-05-02}}</ref> In the [[Society for Threatened Peoples|Society for Threatened Peoples (STP)]] statement, the problem is expressed as follows: "The [[Sami People|Sami]], who keep reindeer herds in the region of the future Nussir mine, are against new copper mining projects. From their point of view, the plans are to be seen as a violation of their right to free, prior, informed consent. Thus, Aurubis should not fulfill its copper contract with Nussir without the express consent of the Sami reindeer herders. Nils Utsi, chairman of the Repparfjord reindeer herders: The mine is in our animals' delivery room. If it is put into operation, we will lose our herds."<ref>{{Cite web|url=https://www.gfbv.de/en/news/hauptversammlung-des-kupferkonzerns-aurubis0-10444/|title = Annual general meeting of copper group Aurubis}}</ref> In August 2021, Aurubis terminated the contract due to these issues.<ref>{{Cite web|url=https://www.aurubis.com/en/media/press-releases/press-releases-2021/aurubis-and-nussir-terminate-memorandum-of-understanding-regarding-future-concentrate-supply|title = Aurubis and Nussir terminate memorandum of understanding regarding future concentrate supply|website=www.aurubis.com}}</ref>
==Notable people==
* Bernd Drouven, Chairman of the Executive Board from 16 January 2008 to 31 December 2011, Executive Board member from 1 January 2006 to 31 December 2011
* Joachim Faubel, Supervisory Board member from 1 July 2006 to 29 February 2008
* Ulf Gänger, Supervisory Board member until 31 December 2008
* Jürgen Haußelt, Supervisory Board member until 29 February 2008
* Gerd Körner, Supervisory Board member until 29 February 2008
* Günther Kroll, Supervisory Board member until 30 June 2006
* Bernd Langner, Supervisory Board member until 31 December 2008
* Thomas Leysen, Supervisory Board member from 29 February 2008 to 30 September 2009
* Werner Marnette, Chairman of the Executive Board until 9 November 2007
 
==References==
{{Reflist}}
{{Reflist}}<ref>{{Cite web|url=https://www.aurubis.com/en/en/corp/about-aurubis/company/management|title=Aurubis Management|website=www.aurubis.com|access-date=2017-02-28|archive-url=https://web.archive.org/web/20170106043057/https://www.aurubis.com/en/en/corp/about-aurubis/company/management|archive-date=2017-01-06|url-status=dead}}</ref>
* {{Cite web|url=https://www.aurubis.com/en/en/corp/about-aurubis/company/management|title=Aurubis Management|website=www.aurubis.com|access-date=2017-02-28|archive-url=https://web.archive.org/web/20170106043057/https://www.aurubis.com/en/en/corp/about-aurubis/company/management|archive-date=2017-01-06|url-status=dead}}
 
==External links==
Line 195 ⟶ 101:
* {{PM20|FID=co/017155|TEXT=Documents and clippings about|NAME=Norddeutsche Affinerie AG}}
 
{{MDAX companies}}
{{Authority control}}
 
Line 202 ⟶ 107:
[[Category:Metal companies of Belgium]]
[[Category:Copper]]
[[Category:CompanyCompanies in the MDAX]]
Retrieved from "https://en.wikipedia.org/wiki/Aurubis"