Aurubis to Invest EUR 75 M in Its Copper Plant in Bulgaria's Pirdop

Business » ENERGY | September 30, 2014, Tuesday // 09:54
Bulgaria: Aurubis to Invest EUR 75 M in Its Copper Plant in Bulgaria's Pirdop Aurubis Bulgaria held on to its plans to invest EUR 44.2 M in the expansion and overhaul of its Pirdop-based plant in 2014. Photo by BGNES

Germany's leading copper producer Aurubis is planning to invest EUR 75 M in its plan in the town of Pirdop, Aurubis Bulgaria CEO Tim Kurt has announced.

About EUR 25 M of the money is earmarked for 2015, specialized outlets writing about the metal industry quote him as saying.

Another EUR 50 M will be set aside for a renovation program in 2016.

As of end-September 2014, investment into the copper works in the north-western town stand at EUR 44.2 M, according to daily Standart.

The plant in Bulgaria is considered to be among the top in Aurubis' group in terms of both production and mitigation of environmental impact.

Some 90% of the output is successfully sold abroad, Kurt has noted.

He also believes the plant could boost its production in the light of an expected rising demand of copper at a global level, with consumption projected at 26.1 million tons for 2014, 5.5 million tons up from last year.

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Tags: Aurubis, Aurubis Bulgaria, Pirdop, Tim Kurt, copper
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