KME Group
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The KME Group is a manufacturer of metal products, primarily copper.[1] Their products included rolled copper, copper tubes, bars, and cables.[1][2]
They are stated to be one of the world's largest copper producers. It was formed from the merging of several copper producers: Kabelmetal AG in Osnabrück (formerly called OKD - Osnabrücker Kupfer und Drahtwerke), Stolberger Metallwerke, Tréfimétaux SA in France, and Europa Metalli.
History
[edit]The company began production as the SMI (Societa Metallurgica Italiana) in 1886 in Italy.[3]
In 2018, KME bought German copper product producer Mansfelder Kupfer.[4] The acquisition was investigated by the European Commission.[5]
In 2022, the company completed the purchase of multimetal supplier Aurubis flat rolled products segment (including factorites) across several countries.[6]
In February 2024, the company completed an equity transaction deal aimed at listing its Cunova business unit on the New York Stock Exchange (NYSE).[7]
Operations
[edit]
The groups corporate business activities primarily take place in Italy.[2]
The company had sales of €1.9bn in 2023, producing around 200,000 metric tons of copper.[3]
In 2025 it was reported as employing around 3,400 people and operating eight production facilities spread across Germany, France, Italy, and the Netherlands.[3]
References
[edit]- ^ a b "Company Profile and News". Bloomberg.com. Retrieved 2025-03-25.
- ^ a b "KME Group SpA, KME:MIL profile". FT.com. 2025-03-25. Retrieved 2025-03-25.
- ^ a b c Fabio, Pierpaolo Di; Officer, Chief Financial; SpA, KME; Pieters, Barry; Amsterdam, Head of Natural Resources (2025-02-26). "How KME's copper is fuelling the digital age – Deutsche Bank". flow – Deutsche Bank. Retrieved 2025-03-25.
- ^ "KME buys German copper product producer Mansfelder Kupfer". MINING.COM. 2018-07-10. Retrieved 2025-03-25.
- ^ Taylor, Brian (2018-08-07). "Copper acquisitions attract EU scrutiny". Recycling Today. Retrieved 2025-03-25.
- ^ "Aurubis completes sale of four flat rolled products sites to KME". Aurubis. 2022-07-29. Retrieved 2025-03-25.
- ^ "Italy's KME signs deal with US SEDA to list Cunova unit on NYSE". Reuters. 2024-02-20. Retrieved 2025-03-25.
External links
[edit]- Official website
- Documents and clippings about KME Group in the 20th Century Press Archives of the ZBW
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