By Euro Weekly News Media • 02 January 2014 • 16:49
ATLANTIC COPPER is the biggest copper foundry in Spain and Europe’s second most important.
The Huelva company was taken over in 1993 by the US-owned Freeport-McMoRan, the world’s largest producer of gold, molybdenum and copper.
At the time of the takeover, Atlantic Copper had a turnover of around €211 million. By 2012 this had multiplied almost tenfold to €1.98 billion.
The Huelva plant now produces twice as much copper, three times as much gold and three times the amount of sulphuric acid as it did in the past.
The foundry has ridden out the economic crisis almost without noticing, said Atlantic Copper’s CEO Javier Targheta, thanks to the emerging markets.
The company exported only 10 per cent of its production before the crisis, compared with the present 50 per cent.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Your email address will not be published. Required fields are marked *
Downlaod our media pack in either English or Spanish.