Ural Mining and Metallurgical Company member Uralelectromed has announced its intentions to increase copper powder output in 2012.
The company announced that it intends to produce a total of 8,000 tons of copper powder in 2012. The announced 2012 output would mark an increase of approximately 33 percent over copper powder production levels in 2010 and 2011, RuzBizNews.com reports.
According to representatives of the Ural Mining and Metallurgical Company Press Service, the decision to increase copper powder output is related to a growing demand from European consumers. Currently Uralelectromed exports approximately 70 percent of its copper powder products, while 25 percent of its products are supplied to domestic markets. The remaining five percent is used for auxiliary needs in the manufacturing of other powder products.
Uralelectromed is responsible for one of the biggest electrolytic copper refineries in Europe, with a production capacity of 320,000 tons of refined copper, according to RuzBizNews.com.
The company was founded in 1934 and has been in constant operation since. The company’s copper powder unit was founded in 1978 and was significantly expanded in 1991-1993, when Uralelectromed worked with Italian company Pometon to re-build the entire copper powder production process.