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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.

Partner banks extend the cooperation with the CRONIMET Holding Group by one year ahead of Schedule

Karlsruhe, July 9, 2020

  • Bank consortium honors the positive development of the CRONIMET Holding Group

  • Business activities financed by the loan of 575 million Euros until August 2023

Partner banks extend the cooperation with the CRONIMET Holding Group by one year ahead of Schedule

A bank consortium consisting of twelve German and European banks and the CRONIMET Holding Group have extended the existing syndicated loan agreement for a further year at unchanged conditions. The loan of 575 million euros secures the business activities of the CRONIMET Holding Group until well into the year 2023.
The early extension, especially in these difficult and uncertain times, is a clear sign from the banking market, which is thus rewarding the positive corporate development. "The streamlined approval process in this challenging economic environment, which was negatively influenced by Corona, shows that the financing markets have great confidence in our business model. It was particularly positive in the perception of the banks that even in the Corona period our development is so stable that we do not need any additional liquidity - neither from our house banks nor from the KfW", says Bernhard Kunsmann, CFO of the CRONIMET Holding Group about the early extension of the cooperation.
The 2020 fiscal year started very satisfactorily for the CRONIMET Holding Group in the first quarter. Since April, however, the effects of the corona pandemic have also been felt at the internationally operating company from Karlsruhe. It is difficult to make forecasts for the remaining fiscal year. Nevertheless, Jürgen Pilarsky, CEO of the CRONIMET Holding Group, is optimistic: "At the moment it is difficult to predict what effects the pandemic will still have on the economy, if and when, for example, a second wave is coming. However, I am optimistic that - even if we fall short of the previous year's figures - we will still report a positive operating result at the end of the fiscal year.


About the CRONIMET Holding Group
The CRONIMET Holding Group, based in Karlsruhe, is a 100% family-owned company. 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 four decades.
The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group
was founded in 1980 and today has over 70 subsidiaries worldwide with more than 1500 employees.

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CRONIMET Holding Group with clearly positive operating result

Karlsruhe, May 29, 2020

  • Group defies volatile markets 2019

  • Management sees CRONIMET well prepared for upcoming corona challenges

CRONIMET Holding Group with clearly positive operating result

The CRONIMET Holding Group, headquartered in Karlsruhe, Germany,achieved a very satisfactory operating result of approximately Euro 35 million on sales of Euro 2.2 billion in fiscal year 2019 despite the slowdown of the global economic dynamics and partly very volatile developments in raw material prices. With a tonnage of well over 1.4 million tons shipped to the stainless steel mills worldwide, it was also possible to almost match the record figure of the previous year.


The very positive development of the previous year was continued in the 1st quarter of 2020 and a
clearly positive operating result was achieved. However, since the end of March, the effects of the
Corona Pandemic have also been noticeable in the CRONIMET Holding Group, so that in April there
was a noticeable decline in earnings to a, however, still positive operating result. The management
also expects the company's development to be impaired in the following months.


Regardless of this, CEO and co-shareholder Jürgen Pilarsky is convinced that the company is well
prepared for overcoming this global crisis situation: "Thanks to the great commitment of our
employees, we have continuously developed our business model over the past years and made it
crisis-resistant. In doing so, we have placed a special focus on a long-term partnership with our
suppliers, customers and financing partners that is characterized by trust and that will help us to
master the challenges of the coming months". CRONIMET relies in particular on its own financial
strength and does not plan to raise additional financing.


About the CRONIMET Holding Group
The CRONIMET Holding Group, based in Karlsruhe, is a 100% family-owned company. 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 four decades.
The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group
was founded in 1980 and today has over 70 subsidiaries worldwide with more than 1500 employees.

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New management at CRONIMET Legierungen Dortmund GmbH

Karlsruhe, April 15, 2020

  • Volkmar Schink is no longer managing director of CRONIMET Legierungen Dortmund GmbH.

  • Julija Komarovic has taken over as managing director

Volkmar Schink is no longer managing director of CRONIMET Legierungen Dortmund GmbH. The management of CRONIMET Holding GmbH and Schink agreed on this by mutual consent. Schink was Managing Director of CRONIMET Legierungen Dortmund GmbH and Cronileg Rohstoffhandelsgesellschaft mbH since 2017. The management of CRONIMET Holding thanks Volkmar Schink for the cooperation and wishes him all the best for his private and professional future.

The succession of Volkmar Schink at CRONIMET Legierungen Dortmund GmbH was taken over by Julija Komarovic on March 26, 2020. She has been working in various positions in the CRONIMET Group since October 2015. Especially in her position as Managing Director of Minerals Supply Africa (MSA) LTD in Rwanda she was able to prove her abilities as a responsible and determined creator. With her experience and commitment, Julija Komarovic fulfills the prerequisites for successfully shaping the further development of CRONIMET Legierungen Dortmund GmbH.

About the CRONIMET Holding Group
The CRONIMET Holding Group, based in Karlsruhe, is a 100% family-owned company. 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 four decades. The focus lies on trade & sales, recycling and production & services. The CRONIMET Holding Group was founded in 1980 and today has over 70 subsidiaries worldwide with more than 1500 employees.

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Martin Stepper strengthens CRONIMET’s Ferroalloys and Powder Metallurgy Business Unit

Karlsruhe, December 16, 2019

  • On 01.01.2020 Martin Stepper starts as Head of Business Unit Ferroalloys and Powder Metallurgy at CRONIMET Holding Group.

On 01.01.2020 Martin Stepper starts as Head of Business Unit Ferroalloys and Powder Metallurgy at CRONIMET Holding Group.

As part of its current portfolio, CRONIMET Holding is converting metal scrap and concentrates to ferroalloys, besides its historically grown trading business with those materials. “CRONIMET has a global network comprising of our own facilities, as well as through close relations with our business partners. We should take advantage of this, in order to grow our business in the area of the production and distribution of Ferroalloys and Metal Powders and to further develop ourselves sustainably. Martin has a strong metallurgical know-how and knows the production processes and requirements of melt shops very well. This is a great addition to our current team.”, highlighted by Jürgen Pilarsky, CEO of CRONIMET Holding Group.

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CRONIMET Holding GmbH
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76189 Karlsruhe

+ 49 (0) 721-95 225-0