Maxam
MaxamCorp Holding, SL
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legal form | SL |
founding | 1872 |
Seat | Madrid , Spain |
management | José Fernando Sánchez-Junco Mans |
Number of employees | 6,530 |
sales | 1.045 billion euros |
Branch | Explosives |
Website | www.maxam.net |
As of March 31, 2016 |
Maxam is one of the largest explosives manufacturers in the world, based in Madrid . In Germany, the plants of the former WASAG belong to Maxam.
The company goes back to the Sociedad Española de la Pólvora Dinamita founded by Alfred Nobel , which changed its name to Unión Española de Explosivos (UEE) in 1896 . In 1970, UEE merged with Rio Tinto , creating Unión Explosivos Río Tinto (ERT). ERT is privatized in 1994 and renamed Maxam in 2006 .
The company is 45% owned by Advent International and 55% owned by management.