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Current press releases

Current press releases

We post all current press releases here so that you are always up to date.

Triple award for CRONIMET Envirotec GmbH

Karlsruhe, 03. Dezember 2018

  • CRONIMET Envirotec convinces in competitions with innovation and sustainability

  • Awarded with the special prize of the Reiner Lemoine Innovation Prize Anhalt-Bitterfeld 2018

  • Achieving first place in a Start-Up-Pitching Contest through outstanding business model and sustainability

  • Winner of the category "Resource Efficiency" of the Environmental Alliance Award Saxony-Anhalt 2018

After CRONIMET Envirotec had already been awarded the German Raw Material Efficiency Prize in 2017, numerous awards this year are testimony to the young company's engagements. As part of the globally operating CRONIMET Group, CRONIMET Envirotec has been operating a recycling plant for metal-containing sludges and powders at its site in Bitterfeld-Wolfen since 2015. The innovative and sustainable technology has already established itself on the market and convinced numerous customers from industries such as tool manufacturing, foundries and automotive suppliers. According to CRONIMET Envirotec CEO Dr. Filipe Costa, three further awards this month underline this and are "a great recognition of our performance and the added value it creates for the metalworking industries".

In the competition for the Reiner Lemoine Innovation Award Anhalt-Bitterfeld 2018, CRONIMET Envirotec was awarded the special prize of the Bitterfeld-Wolfen Chemical Park. The company's innovative technology is at the forefront of this recognition.

At a job fair for start-ups organized by Leipzig Global at the beginning of the month, seven companies competed against each other in a pitch contest. CRONIMET Envirotec emerged as the winner and convinced with the presented business model, unique selling proposition and sustainability of the company.

These successes were recently topped by the prize of the Environmental Alliance of Saxony-Anhalt 2018 on 26 November. Every two years, outstanding entrepreneurial achievements in the field of resource efficiency and sustainability are honored in this competition. An independent jury evaluated 40 applications on the basis of their economic effectiveness, resource efficiency, positive effect on the environment and climate, and innovative strength. CRONIMET Envirotec won the category "Resource Efficiency".

About the CRONIMET Holding Group
The CRONIMET Holding Group is a worldwide specialist for stainless steel scrap, ferroalloys and primary metals. The company has been supplying raw materials for the stainless steel producing industry for nearly four decades. The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group was founded in 1980 and today has over 60 subsidiaries worldwide with more than 1500 employees. The CRONIMET Holding Group, based in Karlsruhe, together with the companies of the affiliate company CRONIMET Mining AG, is part of the 100% family-owned CRONIMET Group. The entire CRONIMET Group currently employs more than 5600 people globally.

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Consolidated Financial Statements 1st Half 2018 of the CRONIMET Holding Group

Karlsruhe, September 21, 2018

  • Very good start to 2018 financial year with growth in sales and tonnage

  • Increase in operating profit compared with the corresponding prior-year period

  • Forecast for the 2nd half of 2018: Business development of the Group as a whole remains in line with planning

  • Emerging challenges through enhanced trade policies

In the first half of 2018, the CRONIMET Holding Group, headquartered in Karlsruhe, was able to continue the positive development of 2017 and increase sales by approx. 8% to Euro 1.3 billion compared to the previous year. The tonnage delivered to customers increased again by approx. 2% compared to the tonnage that had already risen significantly in 2017. This led to some significant improvements in the key financial figures compared with the corresponding figures for the previous year. In particular, the operating result increased by almost 4% to Euro 30.5 million.

For the 2018 financial year as a whole, management is confident that earnings will exceed both the budgeted figures and the previous year's result. Possible challenges in the dynamic earnings development could be the current discussions about additional introduction and further increase of existing customs duties. Irrespective of this, the CRONIMET Group believes that it is excellently positioned in the economic zones of Europe and the USA, so that with the support of the existing subsidiaries in Asia the impact should remain manageable from today's perspective. CEO and shareholder Jürgen Pilarsky continues to be very satisfied with the company's current development: "We are very proud that we were able to continue the positive earnings momentum from 2017 in 2018 without restraint. This has improved and will further improve our capital strength, enabling us to increase our business volume for the benefit of our customers and suppliers even further.”

About the CRONIMET Holding Group
he CRONIMET Holding Group, based in Karlsruhe, together with the companies of the affiliate company CRONIMET Mining AG, is part of the 100% family-owned CRONIMET Group. The CRONIMET Holding Group is a worldwide specialist for stainless steel scrap, ferroalloys and primary metals. The company has been supplying raw materials for the stainless steel producing industry for nearly four decades. The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group was founded in 1980 and today has over 60 subsidiaries worldwide with more than 1500 employees. The entire CRONIMET Group currently employs more than 5600 people globally.

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Consolidated financial statement 2017 of the CRONIMET Holding Group

Karlsruhe, 19. Juli 2018

  • Fiscal year 2017 closed with growth in sales and tonnage

  • Restructuring measures in 2015 and 2016 clearly contribute to a positive operating result in 2017

  • Forecast 2018: continued positive development of the entire group

  • New loan agreement with significantly improved conditions secures corporate fi-nancing for further 3 years

After two years of successful restructuring, the CRONIMET Holding Group noticeably improved its earnings situation in the financial year 2017 and achieved a pre-tax profit of approx. EUR 19 million. Beside a growth in sales and tonnage in nearly all divisions, this success is mainly a result of the restructuring measures of the two previous years, which firstly took effect on a total financial year in 2017. Sales increased significantly from EUR 1.65 billion in 2016 to EUR 2.1 bil-lion in 2017. At 1.425 million tonnes, Group-wide sales tonnage outperformed the previous year's level as well. The operating result improved by EUR 29.4 million to EUR 37.2 million and is thus above plan.

For the financial year 2018, the management is confident that it will outperform the plan values and also the previous year's result in terms of earnings. The financial figures for the first 6 months of 2018 confirm this development.

The positive development is rewarded by the financial markets as well. Thus, a new syndicated loan agreement with an international banking consortium was signed, covering a period of three years with approx. EUR 600 million. This loan, moreover, was significantly oversubscribed by the banks.

CEO and shareholder Juergen Pilarsky is very satisfied with the current company development: "Thanks to the great commitment of our employees and the support of our business partners, we were able to implement various measures in 2015 and 2016. The thereof resulting positive effects have already been apparent since the end of 2016 and continue to have a stabilizing effect on the company in 2017 to this day. We therefore consider ourselves as very well prepared for the future, especially with regard to the trade policy challenges. "

About the CRONIMET Holding Group
The CRONIMET Holding Group is a worldwide specialist for stainless steel scrap, ferroalloys and pri-mary metals. The company has been supplying raw materials for the stainless steel producing indus-try for nearly four decades. The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group was founded in 1980 and today has over 60 subsidiaries worldwide with more than 1500 employees. The CRONIMET Holding Group, based in Karlsruhe, together with the companies of the affiliate company CRONIMET Mining AG, is part of the 100% family-owned CRONIMET Group. The entire CRONIMET Group currently employs more than 5600 people globally.

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CRONIMET recycles gas turbines

Karlsruhe, 31. Januar 2018

With the documented destruction of aircraft turbines in 2016, CRONIMET broke new ground in the recycling of finite resources. At the end of last year, the company further recycled its first gas turbine the second one in January.

With the documented destruction of aircraft turbines in 2016, CRONIMET broke new ground in the recycling of finite resources. At the end of last year, the company further recycled its first gas turbine the second onA resource - efficient recycling of valuable alloys is the core business of CRONIMET in Karlsruhe. Gas turbines contain finite metals and various precious alloys, which would be lost without any efficient recycling in January.

"Both the customers and the manufacturers attach great importance to the documented destruction and recycling of gas turbines. Our experience in the recycling of aircraft turbines according to air safety standards is an optimal prerequisite for meeting such high req uirements, " Gregor Zenkner ( Head of Aviation Recycling ) further elaborates . CRONIMET professionally dismantles the turbines, documents the de struction of the individual parts and eventually returns the secondary raw materials according to their alloys to the environmental cycle.

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