Aurubis

from Wikipedia, the free encyclopedia
Aurubis AG

logo
legal form Corporation
ISIN DE0006766504
founding 1866 (as Norddeutsche Affinerie AG until 2009)
Seat Hamburg , GermanyGermanyGermany 
management
  • Roland Harings, CEO ,
  • Rainer Verhoeven,
  • Thomas Bünger
Number of employees 6,853
sales 10.76 billion euros (2018/19)
Branch raw materials
Website www.aurubis.com
As of December 11, 2019

Aurubis AG locations
Hamburg plant - aerial view
Anode sludge processing
Continuous casting warehouse with a view of the Harris plant
Aurubis copper manufactured using the continuous casting process

The listed Aurubis AG (formerly Norddeutsche Affinerie AG ) is one of the world's largest copper producers and the world's largest copper recycler based in Germany. Following the takeover of the Belgian copper producer Cumerio by Norddeutsche Affinerie AG on February 18, 2008, the company has been trading as Aurubis AG since April 1, 2009 .

The company produces over one million tons of copper cathodes annually, uses them to manufacture various copper products and employs around 6,500 people.

history

Aurubis emerged from several mergers of other companies. The earliest known forerunner is the company Beit, Marcus und Salomon, Gold- und Silberscheider , which was named for the first time in 1783 in the Hamburg merchant's almanac . This company initially smelted coins and precious metals - alloys . Over time, the production moved to the smelting of ores . After the Hamburg shipowners began to bring copper ore back from North and South America on their emigrant ships' return voyages from around 1830, a lucrative market arose. In 1846 Joh. Ces. Godeffroy & Sohn under Johan Cesar Godeffroy (1813–1885) at the Beit, Marcus and Salomon, gold and silver separators under Ferdinand Beit (1817–1870). The joint company was called Elbkupferwerk . It processed copper ores that its own and foreign ships from South America, mainly from Chile , landed in the port of Hamburg.

The economic upswing led to the establishment of the Elbhütten-Affinier- und Handelsgesellschaft in 1856 , whereby the Elbkupferwerk and the Beit'sche parent plant , a company of Marcus Solomon Beit , were merged. This produced around 3000 tons of copper per year. After the Norddeutsche Bank took over the Beit'sche parent plant , it founded Norddeutsche Affinerie AG on April 28, 1866 .

Norddeutsche Affinerie has been producing copper on the Peute , an industrial area in Hamburg-Veddel, since 1910 . Their production facilities take up a large part of the industrial area there.

After the National Socialists came to power, Richard Merton , Julius Levisohn and Heinrich Wohlwill, three people of Jewish descent, had to resign from the board. The Norddeutsche Affinerie experienced a massive boom in these years: on the eve of the Second World War, the company covered half of German copper consumption and employed around 1,450 people. From 1940 the Norddeutsche Affinerie was involved in the processing of looted gold that had been blackmailed by Jewish owners as part of the pawnshop . A year earlier, Wilhelm Avieny from Metallgesellschaft and Hermann Schlosser from Degussa, two people, took on leading positions on the Supervisory Board that were closely related to National Socialist politics. During the World War, the Norddeutsche Affinerie was an important supplier for the ammunition industry and used forced labor in production . At the peak in July 1944, out of a total of around 1900 employees, 806 were forced laborers.

Since May 4, 2007, Aurubis has held a stake in the Moorburg coal-fired power plant , which Vattenfall Europe built in Hamburg-Moorburg for imported hard coal , through what is known as a virtual power plant slice - a corporate law stake of 115 MW . Thanks to a long-term supply contract, the pricing of which is based on the generation costs of the relevant power plant, Aurubis will purchase one billion kilowatt hours of electricity per year from Vattenfall by 2040.

By February 18, 2008, Norddeutsche Affinerie had taken over 91% of the Belgian copper processor Cumerio after a long dispute with A-Tec Industries . On April 15, 2008, the complete takeover of Cumerio was completed through a squeeze-out .

On February 26, 2009, the general meeting of Norddeutsche Affinerie AG resolved to rename the company to Aurubis AG with effect from April 1, 2009 . The name Aurubis was chosen based on the Latin words for gold and red in order to emphasize the importance of copper as a metal of exceptional value (“red gold”). The company logo, however, remained unchanged.

At the same time, Prymetall GmbH & Co. KG changed its name to Aurubis Stolberg GmbH & Co. KG.

On September 1, 2011, Aurubis completed the acquisition of the former Luvata Rolled Products Division. Aurubis AG now has 16 production sites, four service centers and an extensive sales system for copper products.

In 2016, Aurubis AG celebrated its company anniversary under the motto “150 years of the future”.

The European Commission has cleared under the Merger on February 6, 2019, the proposed acquisition of the rolled products division of Aurubis and the joint venture heavy Halbzeugwerk by the Wieland group prohibited based in Ulm. The Commissioner responsible for competition in the European Union , Margrethe Vestager , sees that the merger would reduce competition and drive up the prices of the copper rolled products used by European manufacturers.

activities

The core business is copper refining for the extraction of copper cathodes from copper concentrates, copper scrap and recycling materials. This is followed by further processing into wire rod, continuous cast shapes , rolled products and copper alloys .

Precious metals are also an important product area at Aurubis. As additional special products, the Aurubis Group produces and markets all the important accompanying elements from copper production. This is used to produce sulfuric acid and iron silicate stone , among other things .

Customers include companies in the copper semi-finished product industry, the electrical, electronics and chemical industries as well as suppliers for the renewable energies, construction and automotive industries.

Shareholder structure

The shares of Aurubis AG belongs to the Prime Standard segment of the German Stock Exchange and is in the MDAX which, STOXX Europe 600 and the Global Challenges Index (GCX). With a share of 25% of the company's share capital , Salzgitter AG is the anchor investor in Aurubis. The remaining 75% of the voting shares are considered to be free float . For the shares of all reportable shareholders see table:

Share
(in percent)		 Shareholders
25.00 Salzgitter AG
4.87 Allianz Global Investors
3.09 Silchester International Investors
3.01 Dimensional Holdings Inc.

As of May 9, 2019

Environmental pollution and countermeasures

Aurubis is considered to be the strongest heavy metal emitter in northern Germany.

In 1985 the arsenic scandal broke out when it became known that heavy metals had accumulated in the soil in the east of Hamburg , especially in the agricultural areas . The hiding of the Hamburg authorities turned it into a scandal. The environmental protection group Physics-Geosciences showed with its own water and soil samples that arsenic , cadmium , copper , zinc and other heavy metals had accumulated heavily in the harbor silt in front of the plant and that they reached the Elbe from cracks and crevices in the quay in 2005 . Arsenic and cadmium in particular were also found in the wastewater discharges and in the exhaust air from Essen.

Following the scandal, Aurubis signed five voluntary agreements with the Hamburg Authority for Urban Development and the Environment to improve environmental protection and increase energy efficiency. In February 2011, a sixth emission reduction agreement was concluded between Aurubis and the city, which had environmental protection measures with investments of around 20 million euros and a term until 2016.

In 1989 there was a dioxin scandal in Rastatt due to the now closed daughter Fahlbusch. Dioxin concentrations of more than 1000 ng / kg were measured on the premises and the surrounding area, the maximum levels reaching up to 7926 ng / kg. The 2,3,7,8-tetrachlorodibenzoparadioxin (TCDD) known from the Seveso accident was found in every tenth sample with concentrations from 19 to 465 ng / kg, more than at the time in the "dead zone" in northern Italy.

Since 2000, the measures to improve environmental protection in the area of ​​copper production have amounted to more than 590 million euros. That is 0.6% of the turnover generated in this period and 39.25% of the profit generated in this period (99.155 billion total turnover and 1.503 billion profit).

Holdings

As of fiscal year 2014/2015:

fully consolidated companies:

  • Aurubis Belgium nv / sa, Brussels (100%)
  • Aurubis Holding Sweden AB, Stockholm (100%)
  • Aurubis Sweden AB, Finspång (100%)
  • Aurubis Finland Oy, Pori (100%)
  • Aurubis Holding USA LLC, Buffalo (100%)
  • Aurubis Buffalo Inc., Buffalo (100%)
  • Aurubis Netherlands BV, Zutphen (100%)
  • Aurubis Mortara SpA, Mortara (formerly: Luvata Mortara SpA) (100%)
  • Cumerio Austria GmbH, Vienna (100%)
  • Aurubis Bulgaria AD, Pirdop (99.77%)
  • Aurubis Engineering EAD, Sofia (100%)
  • Aurubis Italia Srl, Avellino (100%)
  • Aurubis Switzerland SA, Yverdon-les-Bains (100%)
  • Aurubis Stolberg GmbH & Co. KG, Stolberg (100%)
  • Aurubis UK Ltd., Smethwick (100%)
  • Aurubis Slovakia sro, Dolny Kubin (100%)
  • CABLO Metall-Recycling & Handel GmbH, Fehrbellin (100%)
  • Peute Baustoff GmbH, Hamburg (100%)
  • RETORTE GmbH Selenium Chemicals & Metals, Röthenbach (100%)
  • ERN Elektro-Recycling NORD GmbH, Hamburg (100%)
  • Aurubis Product Sales GmbH, Hamburg (100%)
  • Deutsche Giessdraht GmbH, Emmerich (60%)

proportionately consolidated companies:

non-consolidated companies:

  • Aurubis Stolberg Verwaltungs-GmbH, Stolberg (100%)
  • Hüttenbau-Gesellschaft Peute mbH, Hamburg (100%)
  • Aurubis Hong Kong Ltd., Hong Kong (100%)
  • Aurubis Metal Products (Shanghai) Co., Ltd, Shanghai (100%)
  • Aurubis Rus LLC, St.Petersburg (100%)
  • Aurubis Canada Metals Inc., Vancouver
  • BCPC BV, Zutphen, Netherlands (100%)
  • Retorte do Brasil, Joinville (51%)
  • CMR International NV, Antwerp (50%)
  • Schwermetall Halbzeugwerk GmbH, Stolberg (50%)
  • JoSeCo GmbH, Kirchheim / Swabia (33%)
  • Aurubis Middle East FZE, Dubai (100%)
  • Aurubis Turkey Kimya Anonim Sirketi, Istanbul (100%)

Organs of Aurubis

Board

The board consists of:

  • Roland Harings (CEO since July 1, 2019)
  • Rainer Verhoeven (Chief Financial Officer since January 1, 2018)
  • Thomas Bünger (Technical Director since October 1, 2018)

Supervisory board

The following people belong to the Supervisory Board:

  • Fritz Vahrenholt (since November 26, 1999, Chairman since March 1, 2018)
  • Heinz Jörg Fuhrmann (since January 5, 2009)
  • Karl Friedrich Jakob (since March 1, 2018)
  • Stephan Krümmer (since March 1, 2018)
  • Sandra Reich (since February 28, 2013)
  • Andrea Bauer (since June 22, 2018)
  • Stefan Schmidt (since March 1, 2018, Deputy Chairman since June 12, 2019)
  • Deniz Acar (since May 3, 2019)
  • Jan Koltze (since March 3, 2011)
  • Elke Lossin (since March 1, 2018)
  • Christian Ehrentraut (since May 3, 2019)
  • Melf Singer (since March 1, 2018)

Former personalities

  • Peter Willbrandt, CEO until October 31, 2014
  • Bernd Drouven , CEO from January 16, 2008 to January 1, 2012 and 2014 to 2015
  • Joachim Faubel, member of the Supervisory Board from July 1, 2006 to February 29, 2008
  • Ulf Gänger, member of the Supervisory Board until December 31, 2008
  • Jürgen Haußelt, member of the Supervisory Board until February 29, 2008
  • Gerd Körner, member of the Supervisory Board until February 29, 2008
  • Günther Kroll, member of the Supervisory Board until June 30, 2006
  • Bernd Langner, board member until December 31, 2008
  • Thomas Leysen, member of the Supervisory Board from February 29, 2008 to September 30, 2009
  • Werner Marnette , CEO from 1994 to November 9, 2007

literature

  • Aurubis AG (Ed.): Cu 150.0 Tradition · Competence · Innovation. 1866-2016. The history of the copper company. August-Dreesbach-Verlag, Munich, ISBN 978-3-944334-70-7 . ( online )

Web links

Commons : Aurubis  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b Aurubis AG: Annual Report 2018/19. Retrieved May 13, 2020 .
  2. ↑ Ferdinand Beit was a co-founder of BASF and Alfred Beit's uncle .
  3. ↑ Eric Zinnow: The Beit Chronicle. Würzburg 1995, manuscript of the Hamburg State Archive.
  4. ^ Norddeutsche Affinerie AG From Peute to all of the world , Hamburg Chamber of Commerce, accessed on January 6, 2012.
  5. ↑ a b c d e Aurubis AG: Cu 150.0 Tradition, Competence, Innovation: 1866-2016, the history of the copper group . August Dreesbach Verlag, Munich 2016, ISBN 978-3-944334-70-7 ( aurubis.com [PDF; accessed on May 15, 2020]).
  6. ↑ Joint NA press release, Hamburg, Berlin, May 4, 2007 ( Memento of the original from February 21, 2014 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.aurubis.com
  7. ↑ Cumerio leaves the stock exchange. In: Manager magazine. April 15, 2008.
  8. ↑ Norddeutsche Affinerie and Cumerio become Aurubis. Retrieved December 11, 2018 .
  9. ↑ Historical timeline. In: www.aurubis.com. Retrieved March 23, 2016 .
  10. ↑ Merger control: Commission prohibits planned takeover of the Aurubis rolled products division and the Schwermetall joint venture by Wieland. In: europa.eu . February 6, 2019, accessed on February 6, 2019 (German).
  11. ↑ BaFin - Significant shares of voting rights according to Sections 33, 38 and 39 of the Securities Trading Act (WpHG). Retrieved June 14, 2019 .
  12. ↑ Environmental Protection Group Physics-Geosciences: Water in Hamburg - Toxic Salty Dirty Stinky . Hamburg 1981.
  13. ↑ Environmental Protection Group Physics-Geosciences: Water in Hamburg 2 . Hamburg 1983.
  14. ↑ Environmental protection group physics-geosciences: Shiny business, environment or money. Hamburg 1985.
  15. ↑ Environmental protection group physics-geosciences: Water in Hamburg 3. Hamburg 1988.
  16. ↑ Dioxin - dead zone . In: Der Spiegel . tape 23/1989 . Spiegel GmbH, June 5, 1989 ( online [accessed July 11, 2018]).
  17. ↑ Aurubis Environmental Statement 2019 (PDF) Retrieved on July 3, 2020 .
  18. ↑ Accumulated data from Aurubis AG annual reports 2019/2018 , 2013/2014 , 2011/2012 , 2009/2010, page 167 , 2004 | 2005, page 123-124 . Retrieved July 3, 2020.
  19. ↑ Annual Report 2014/15. (PDF) Retrieved March 24, 2016 .
  20. ↑ The Board of Management of Aurubis AG. Retrieved May 14, 2019 .
  21. ↑ Management of Aurubis. (No longer available online.) In: www.aurubis.com. Archived from the original on August 5, 2016 ; accessed on March 23, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.aurubis.com
  22. ↑ marnette-consulting.com

Coordinates: 53 ° 31 ′ 7 ″  N , 10 ° 2 ′ 27 ″  E