11/06/18

Aurubis announced a new investment program of 260 million leva in the year of 60th anniversary

The Bulgarian metallurgic industry has given output value of 9.6 billion leva and contributed to 15.4% of total exports of Bulgaria for the past year.

Directly employed in the sector are 13,400 people, with the average salary in ferrous metallurgy being 1440 leva, and non-ferrous metallurgy - 1780 leva.

The added value per employee in the non-ferrous metal industry produces a 5 times higher added value than the average for the manufacturing industry.

This was announced today during the National celebration of the Day of the Metallurgist.

“Bulgaria gives 16% of anode copper, 8% of cathode copper, 6% of lead and 4% zinc produced in the entire European Union." said Mr. Anton Petrov, Chairman of the Bulgarian Association of the Metallurgical Industry (BAMI) during his presentation of the industry.

The event was hosted by the Aurubis Bulgaria in Pirdop. The occasion is 60 years since the establishment of the copper plant and the announcement of the company's new investment program for Bulgaria.

“The production data for copper are impressive, resulting from the invested so far 1.2 billion leva here." said Deputy Prime Minister Tomislav Donchev during the event. "The most valuable support that the government may have is education and the generation of good engineers", he added.

“Aurubis will directly invest another 260 million leva in Bulgaria over the next four years, with funding being entirely at the expense of the company. Our new investments are in three main directions: modernization of the plant infrastructure, new installations for more efficient extraction of raw materials with technologies developed by our R&D team, as well as new environmental investments.”, said Tim Kurth, Executive director of Aurubis Bulgaria at the presentation of the investment program.

The company carried 9% of exports and 6% of imports of the country and has a structural role in the Bulgarian economy.

Among the guests for the celebration of the professional holiday in "Aurubis" were Deputy Prime Minister Tomislav Donchev, The Minister of Labor and social policy Bisser Petkov, Aurubis Chief Executive Officer Jürgen Schahler ambassadors, leaders of all companies in the metallurgical sector and mining companies, members of parliament, leaders of the nationally represented employers' and trade union organizations, as well as veterans from the copper plant history, partners of the companies from the metallurgical branch from the country and abroad.

During the event was presented a film about the 60-year history of the copper production plant, today the second largest company in Bulgaria, and the book "The Copper Heart of Bulgaria. From MDK "Georgi Damianov to" Aurubis Bulgaria, 1958-2018 ", which covers the past six decades.