“Aurubis” invests a new 800 million in its oil extraction plant near Pirdop and Zlatitsa

The German company “Aurubis” launched a new one in our country investment program worth BGN 800 million in its mining plant near Pirdop and Zlatitsa, which will be implemented in the next four years. Some of the major projects in it are: expansion of the cathode copper refinery and the construction of two new photovoltaic parks.

Today, the Minister of Economy and Industry, Petko Nikolov, made a symbolic “ground breaking” for the expansion of production and the construction of new environmental facilities at the “Aurubis” plant.

This is the largest German investment in Bulgaria, CEO of Aurubis Group Roland Harings said during the ceremony.

With the company’s new investment, construction begins for expansion of cathode copper refinery. The capacity will be increased from 230,000 tons to 340,000 tons per year. Refined copper is a key material for the energy transition, connectivity and digitalization and is Bulgaria’s main export.

The construction of two new photovoltaic parks – “Auroubis-2” and “Auroubis-3” has also started. With the addition of another next year, the green power capacity will reach 41 MWp.

The program is part of the company’s long-term strategy to achieve carbon neutrality by 2050 and ensure sustainable production of materials essential to the European economy.

“This is an important day for Bulgaria and for Bulgarian-German relations,” Minister Nikolov said today during the official ceremony. He emphasized that the government focuses precisely on investments such as this, which generate greater added value in Bulgarian industry and production.

According to him, German companies are among the biggest investors in our country. About 30% of the 100 largest investors in Bulgaria are precisely German companies, and “Aurubis” is the largest of them.

“Aurubis Bulgaria” is part of Aurubis AG – a leading international group for the production of metals, based in Hamburg, Germany. “Aurubis” is the largest taxpayer in Bulgaria, with structural importance for the country’s economy. The main activity of the company is the processing of copper concentrates and production of refined copper, of copper anodes and secondary products, such as sulfuric acid and iron silicate.

Aurubis invests €120 million in the expansion of the cathode copper refinery in Bulgaria

This is the largest investment in a single project in Bulgaria since the acquisition of the plant in 2008.