Salzgitter AG and Norddeutsche Affinerie AG announced that they have agreed to investigate medium to long term opportunities to cooperate for example in the fields of production technology, research and development as well as in procurement and sales for the benefit of both companies.
In conjunction with this activity, Salzgitter AG acquired a 5.8 % stake in the share capital of Norddeutsche Affinerie AG.
Dr Bernd Drouven CEO of Norddeutsche Affinerie AG said that “I am pleased about the commitment of Salzgitter AG, which knows our business very well as an industry related company. We feel it will be particularly useful to be able to have a cooperation with a reciprocal transfer of know how in various sectors, for example in research and development.”
The Norddeutsche Affinerie Group is the largest copper producer in Europe and the world leader in copper recycling. We produce some 1 million tonnes of copper cathodes and more than 1.2 million tonnes of copper products each year. We have 12 sites in 7 European countries with a total of about 4,700 employees.
