Production
Fiscal year 2010/11
The good raw material supply ensured high capacity utilisation of the production plants during the entire fiscal year. Overall, a total of 2,057,000 t of concentrates (2,063,000 t in the prior year) were processed at the Hamburg and Pirdop sites. The sulphuric acid output decreased to 2,002,000 t (2,071,000 t in the prior year) due to the concentrate throughput. At 934,000 t (932,000 t in the prior year), the cathode output increased again. The operating EBT of Business Unit (BU) Primary Copper rose significantly to € 169.5 million (€ 65.4 million in the prior year). This increase in earnings is especially attributed to the favourable market trend for copper and copper raw materials as well as sulphuric acid.
At 213,000 t, the cathode output of BU Recycling/ Precious Metals during the past fiscal year slightly exceeded the prior-year value of 212,000 t. The throughput quantity of the Kayser Recycling System (KRS) was raised by 12%, from 233,000 t in the prior year to 260,000 t. The new production methods resulting from the KRS-Plus unit commissioned in June were already apparent. The good supply of precious metal-bearing input materials allowed us to increase the quantity of recovered silver to 1,367 t (1,339 t in the prior year). The gold output decreased to 35 t (38 t in the prior year) due to the feed but was still at a high level. The BU’s operating earnings before taxes doubled to € 100.1 million, compared to € 49.4 million in the prior year.
In BU Copper Products, the good economic trend resulted in high demand for copper products in the first few months of the fiscal year. The quantity of wire rod produced increased by about 3% to 785,000 t (766,000 t in the prior year), while at 197,000 t, the output of continuous cast shapes did not quite reach the prior-year value of 210,000 t. The positive economic environment overall was reflected in the BU’s good operating EBT, which rose from € 47.9 million to € 49.7 million.
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