Aurubis AG, headquartered in Hamburg, Germany, has announced that it will invest $ 346.5 million, or 300 million euros, to build its first secondary smelter in the United States. Construction is expected to begin at the Augusta, Georgia site in the summer of 2022, and commissioning is expected to begin in the first half of 2024. The new Augusta site, located in Richmond County , will be called Aurubis Richmond, in the United States.
The smelter, which Aurubis says will create 100 jobs, will accept and process up to 90,000 tonnes of scrap per year in the form of printed circuit boards, copper cables and other recyclable materials containing metals to produce 35,000 tonnes of copper blister per year. The company says it will further process the site’s intermediate products into various industrial and precious metals, primarily at its European foundry sites, but also sell them in the US market.
Aurubis says it has also signed a memorandum of understanding with the relevant government authorities regarding economic support measures. The new site enjoys a strategically advantageous location close to the Port of Savannah and major economic regions of the United States.
According to a press release from Georgia Governor Brian Kemp’s office, Aurubis will build 150 acres at Augusta Corporate Park, which is a “Georgia Ready for Accelerated Development (GRAD) Certified” site and plans to start hiring for positions as soon as possible. summer 2022. Those interested in opportunities with Aurubis should visit www.aurubis.com/en/career/jobs for more information.
With its first location in the United States, Aurubis says it will tap into a market with high growth potential as it expands its international network of integrated foundries. The company says it expects Aurubis Richmond to generate $ 92.41 million, or € 80 million, in earnings before interest, taxes, depreciation and amortization, or EBITDA, at full production capacity at from its 2025/2026 fiscal year.
“With this investment, we are setting a clear example of sustainable growth and will also become a forerunner in multimetal recycling in the United States, a role we are already playing in Europe now,” said Roland Harings, CEO of Aurubis AG. “We are implementing our strategic agenda with the new location and proving once again that we can remarkably combine profitable growth with sustainable business activity. The need for modern, sustainable and local transformation capacities is very strong. Today, these are not at all sufficient to meet the high demand, so large volumes of valuable raw materials have to be exported. With the new capabilities, we are in a solid starting position at the right time and receive enthusiastic local support especially due to the sustainability aspects of the investment, for which I would already like to express my sincere thanks.
Aurubis Supervisory Board Chairman Fritz Vahrenholt adds: “The United States is a very attractive recycling growth market with great potential and competitive energy prices. This step in the United States is a key element for profitable and continued growth.
Pat Wilson, Commissioner of the Georgia Department of Economic Development, said, “We are so proud that this innovative company will build the first multi-metal recycling plant in the United States in Richmond County. The Georgia team came together to make this possible and I want to thank our Augusta partners and leaders for supporting one of the biggest German investments in our state.
“We are pleased to welcome Aurubis to the number one state for business, marking the largest investment made by a German company in the state of Georgia,” said Kemp. “Our port system, highly skilled workforce and conducive business environment, which emphasizes partnership and innovation, have once again attracted a premier opportunity for hard-working Georgians in Augusta. Aurubis will now join more than 500 German companies based in Georgia, and this project highlights the strengths of our exceptional national and local economic development teams. “
“The Georgia Ports Authority (GPA) is pleased to play a role in creating jobs and investment in Georgia,” said GPA Executive Director Griff Lynch. “The exports produced by the Aurubis recycling operation will strengthen the state’s global position via Savannah, already one of the country’s most balanced ports in terms of import-export.
Aurubis says about 6 million metric tonnes of recyclable and metal-bearing materials are generated each year in the United States, with that volume expected to grow an average of 5% per year over the next several years. The company says it sees Aurubis Richmond as a great opportunity to invest in a fast-growing environment and recycle these materials directly in the United States.
According to Kemp’s office, Aurubis’ commitment to sustainability and raw material security will play a role in building the electric mobility value chain in Georgia.
Aurubis announced its “Tomorrow Metals by Aurubis” program in October, which it says emphasizes sustainability. The company says its copper cathodes currently contain more than 40 percent recycled material. “To further promote the circular economy of metals,” Aurubis said, “the group will build on its plans to continue expanding its recycling capacities in the future as well – currently these capacities stand at around 1 million. [metric tons] per year.”
The company says it has invested more than 670 million euros ($ 775 million) in environmental protection measures since 2000, reducing its dust emissions by 96% and its emissions of metals to water by 88% in its copper production facilities. “Aurubis already produces copper with less than half the carbon dioxide (CO2) per tonne of its international competitors,” according to the company.