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Bulgaria

Company Overview of Aurubis Bulgaria AD (Аурубис България АД)

An EMIS Company Report EMIS is an ISI Emerging Markets Group Company Company Description

Copper smelter Aurubis Bulgaria is based some 80 kilometers north of the capital Sofia, close to the country's biggest copper mines. The company`s primary activity is copper concentrate processing for the production of copper anodes and cathodes, as well as by-products such as sulfuric acid, fayalite and middling slime. The production is organized in 4 units - Smelter, Refinery, Acid Plant and Flotation Plant.
The company was initially established in 1991 as a state-owned enterprise under the MDK name. In September 1997, Bulgaria's privatization agency sold 56% of the Pirdop copper smelter for USD 80 million to Belgium's metals group Union Miniere SA. The new owner pledged to invest USD 220 million over five years. In January 1998, Union Miniere raised its stake in the Pirdop smelter to 97.5% after buying out most of the shares on the local stock market. The plant, renamed Cumerio Med in mid-2005, raised its copper anode output by 6.0% to 240,000 tonnes in 2005 due to stable production levels.
Additionally, the company operates two plants that produce sulfuric acid as a byproduct of copper smelting in the central town of Pirdop.
In April 2008 the German copper-bearing concern Norddeutschen Affinerie AG acquired the Belgium holding Cumerio and changed name to Aurubis AG. As a result of the merger the name of the local arm of the company also was changed.

Need a report on this company? USD 29.95 Industry: Basic Chemical Manufacturing Available in: English & Bulgarian Format: PDF Download Most recent financial data: 2016 Buy full report

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NAICS Industry Classification
Main Activities: Basic Chemical Manufacturing | Nonferrous Metal (except Aluminum) Production and Processing
Contact Information

Headquarters
ul. Tsar Osvoboditel
Pirdop; Sofia; Postal Code: 2070

Tel: +359-728-62-
Fax: +359-728-62-

Email:
@aurubis.com

Website:
http://bulgaria.aurubis.com/

Basic Information
Total Employees:
853(2017)
Outstanding Shares:
Provided in the purchased report
Registered Capital:
Provided in the purchased report
Financial Auditors:
Provided in the purchased report
Incorporation Date:
November 15, 1991
Key Executives
Provided in the purchased report
Executive Director and Member of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
Ownership Details
Cumerio Austria GmbH (Austria)
99.86%
Subsidiaries
Aurubis Turkey Kimya Anonim Sikreti (Turkey)
100%

Report contents

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Key Financial Highlights
Annual growth percentages* for latest two years in USD terms. Absolute financial data is included in the purchased report.
Net sales revenue
-23.41%
Total operating revenue
-23.24%
Operating profit (EBIT)
-21.21%
EBITDA
-18.03%
Net Profit (Loss) for the Period
-10.38%
Total assets
19.24%
Total equity
-2.58%
Operating Profit Margin (ROS)
0.21%
Net Profit Margin
0.89%
Return on Equity (ROE)
-3.96%
Debt to Equity Ratio
Quick Ratio
-14.63%
Cash Ratio
-57.9%
* Growth figures are affected by the currency rate changes.
Company News (Not included in report)
Industry News (Not included in report)
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