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Aurubis AG: Growth strategy well underway, especially in recycling
Hamburg, February 11, 2021 – At the Aurubis AG Annual General Meeting covering fiscal year 2019/20, CEO Roland Harings announced that the company wants to continue growing, particularly in the area of recycling. “The successful acquisition of the recycler Metallo in May 2020 was the missing puzzle piece in Europe to be able to extensively process secondary raw materials with low metal contents” and is therefore “a key milestone for implementing Aurubis’ multimetal and recycling strategy,” the CEO emphasized. The integration of the new sites Beerse (Belgium) and Berango (Spain) in the Aurubis smelter network is coming to fruition even faster than planned; the synergy target of € 15 million, which had originally been set for fiscal year 2022/23, will be achieved in the current fiscal year already. The multimetal company is therefore optimally equipped for further growth, especially in recycling – a key pillar of the company strategy. Harings announced that details about the next steps of the continued implementation of the strategy will come this summer.
“Aurubis is taking on an active role in the circular economy. Our products, our metals create the foundation for a sustainable society,” he underlined in his speech for the shareholders, who participated virtually. “Recycling is a megatrend. The global recycling volume is growing continuously.” The joint venture for cable recycling with TSR, which will include Aurubis subsidiary Cablo, contributes to this: “We are increasing the input volume and creating sustainable solutions for the plastic materials that accumulate, because these materials are currently one of the biggest challenges in recycling cable waste,” Harings explained.
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