The company's Annual General Meeting was held in Hamburg on February 16, 2023. Aurubis is focusing on securing and strengthening its core business in accordance with its strategy "Metals for progress: Driving sustainable growth". The company wants to invest in growth opportunities, especially in recycling, and expand its leading position in sustainability. Over the next three to four years, Aurubis will invest about € 1.1 billion to implement the strategic agenda.
"We have an extremely solid financial position. From this position of strength, we will continue to invest in Aurubis' sustainable growth," emphasized Roland Harings, Chairman of the Executive Board.
US site
The growth projects that have already been decided are expected to contribute around € 260 million to the Group's operating result (EBITDA) starting in fiscal year 2026/27. The new Aurubis Richmond US site in the state of Georgia is a central building block for future growth, which has received a total investment of € 640 million. Here, the company intends to benefit from the ongoing recycling boom, with market growth of more than 5 %, and the strong increase in the availability of complex recycling materials.
European sites
Europe also remains a core market for Aurubis in addition to the potential on the US market. The company is expanding the tankhouse capacity at the Bulgarian site in Pirdop by 50 % with an investment of about € 120 million. In addition, about € 190 million will be invested in the "CRH - Complex Recycling Hamburg" project, which will process about 30,000 tons of additional recycling material and a larger volume of complex smelter intermediates starting in 2025.
The aspect of sustainability is an important criterion in all investment decisions. Aurubis continuously optimizes its processes and invests in projects that contribute to further decarbonization of production in order to achieve climate-neutral production well before 2050.
For example, the company is expanding its solar park at the Pirdop site by an additional 17 MWp with an investment of about € 20 million.
"In implementing our growth strategy, the focus remains on consolidating our pioneering role in sustainability and thus our position as the most efficient and sustainable metallurgical network in the world," said Roland Harings at the Annual General Meeting.
Elected Supervisory Board
The following representatives were elected to the Supervisory Board of Aurubis AG by the shareholders during the Annual General Meeting:
Prof. Dr. Fritz Vahrenholt
Kathrin Dahnke
Gunnar Groebler
Prof. Dr. Markus Kramer
Dr. Stephan Krümmer
Dr. Sandra Reich
Prof. Dr. Fritz Vahrenholt was again appointed Chairman by the Supervisory Board.
