LAUNCH OF THE POWDER ATOMISATION TOWER01.2016
A major partner to the aerospace industry, Aubert & Duval is investing jointly with Safran and France’s Auvergne – Rhône-Alpes region to build a superalloy atomisation powder in Les Ancizes. This facility adds to the Group’s existing capacity in Imphy (France) and Irun (Spain) and serves the aerospace market, particularly Rafale engines. This €15M investment also strengthens the French additive manufacturing sector. It is intended to come on stream in 2017, with ERAMET Ingénierie the project manager.
LAUNCH OF SLN PERFORMANCE PLAN 201801.2016
A real corporate project, SLN 2018 is designed to reduce production costs by 25% as of the end of 2017(1) by rallying all SLN employees around nine projects that will turn around the subsidiary’s competitiveness on a lasting basis by overhauling its processes. This ambitious performance plan is critical to regaining its financial balance. It is supported by a funding plan approved by ERAMET’s Board of Directors on May 9th, 2016.
(1) compared with average production cost for 2015
VOLUNTARY SUSPENSION OF MANGANESE ORE PRODUCTION03.2016
Given a slump in market conditions in the first quarter of 2016, production of manganese ore in COMILOG’s Moanda, Gabon mine was suspended in March 2016. The subsequent upturn in prices enabled COMILOG to resume normal production levels.
FRENCH PRIME MINISTER VISITS DONIAMBO04.2016
The Doniambo plant and SLN’s teams were honoured to welcome Manuel Valls on April 29th, 2016. On that occasion, the Prime Minister announced a €200M loan to enable the company to roll out its performance plan over a period of very low nickel prices. The Prime Minister also announced the contribution of a state guarantee to fund the construction of the new Doniambo electricity plant, under a framework that doesn’t weigh on ERAMET’s accounts, via a New Caledonian governmental structure.
9th GROUP INITIATIVE CHALLENGE05.2016
Designed to encourage everyone to push their limits, show creativity and create value for ERAMET, the Initiative Challenge attracted 230 internal initiatives. Seven of them won Group awards. The Quinoa project won the Sustainable Development category. This initiative is intended to enable indigenous communities in the high plateaus of the Andes in Northeast Argentina to grow quinoa at almost 4,000 metres. The project is centred on the setup of five pilot farming areas near ERAMET’s lithium deposit. It includes extensive training for local communities.
OPENING OF MOANDA MINING AND METALLURGY SCHOOL06.2016
Inaugurated on June 6th, 2016 by the President of Gabon, Ali Bongo Ondimba, and Patrick Buffet, Chairman & CEO of the ERAMET group, Moanda Mining and Metallurgy School is the fruit of an exemplary public-private partnership. For the
start of its first university year, it took in 29 future technicians and engineers who will go through practical training in prospecting, ore extraction and metallurgy. The school expands the training capacities of this region of Africa.
120 students per class
LAUNCH OF ERAMET FINANCE APP07.2016
At the crossroads of digitisation and transparency programmes, ERAMET has developed a mobile app for the financial community. From a smartphone or a tablet, users have access anywhere to all of ERAMET’s real-time financial information in just a few clicks.
PRODUCTION OF NICKEL MATTE DISCONTINUED AT SLN08.2016
On August 10th, 2016, the Bessemer workshop was closed down. SLN used to produce nickel matte there for processing into nickel salts and high-purity nickel metal in the Sandouville, France plant. The French unit will now be supplied with nickel matte under a partnership with a European producer. ERAMET Ingénierie is managing the necessary industrial changes at Sandouville. SLN is now focused on the production of ferronickel SLN®25, in which it is the world leader.
€30M in annual savings
OPERATING INCIDENT AT TIZIR NORWAY PLANT08.2016
On August 15th, 2016, a fire damaged the furnace at the Tyssedal, Norway plant, where ilmenite is processed into titanium slag and highpurity cast iron. The damage led to the plant being idled while the furnace was repaired. It resumed production in January 2017.
ISSUE OF AN UNDATED BOND CONVERTIBLE INTO CASH AND/OR NEW SHARES09.2016
To strengthen its equity, ERAMET successfully completed an issue of hybrid bonds for €100M. The 2 main shareholders, the French State and the Duval family, confirmed their support for the Group by subscribing for at least their share of ERAMET’s equity.
OPENING OF MKAD10.2016
On October 14th, 2016 in Varilhes (Ariège, France), the MKAD plant, which specialises in finishing aviation-grade titanium parts, started production. This joint venture by Aubert & Duval and Mecachrome will create a supply chain with significant capacity that is optimised for forged titanium parts. It will support aircraft manufacturing customers by improving buy-to-fly and the competitiveness of these products. With MKAD, Aubert & Duval and Mecachrome are bolstering their expertise in the hard metal machining market, as well as their positioning on the latest global aviation programmes.
ETHICAL COMPLIANCE PROGRAMME11.2016
To implement its new Ethics Charter, the ERAMET group defined its ethical compliance system, centred on an ethics officer, a monitoring committee, application charters, online training and an alert procedure. The aim is greater vigilance and exemplarity.
QUADRUPLE RENEWAL OF QHSE CERTIFICATIONS11.2016
From quality, health and safety to environment and energy, Aubert & Duval Pamiers, ERAMET Sandouville, Erasteel Commentry and Eurotungstene obtained the renewal of their certifications, rewarding their people’s efforts to maintain and improve performance. In March 2016, SLN was certified ISO 14001 for its entire scope, covering nickel mines and ore processing plant.
SAFETY: “ESSENTIAL REQUIREMENTS”11.2016
To ensure the safety of employees carrying out critical activities – lifting, electrical risk, confined spaces, etc. – ERAMET set down the Essential Requirements that define the minimum precautions to take for each task. They include specific audits, management commitment and communication campaigns.
AUBERT & DUVAL JOINS SoFIA RESEARCH PROGRAMME11.2016
In powder metallurgy, the SoFIA programme brings together industrial and academic partners including Michelin, Safran, Zodiac, Aerospace, CNRS and Aubert & Duval. Its mission is to develop all the technological components needed for metal additive manufacturing on an industrial scale, with the aim of supplying the aviation industry with robust, competitive parts.
KICK-OFF FOR LEAD BUYING DAYS12.2016
Cross-Group working was the keyword for buyers, who structured their organisation into a network to create value. Their efforts bore fruit in 2016 as €17 million in purchasing savings was secured across all lead buying segments. On December 12th and 13th, they met the main industrial principals to improve relations with internal customers and share best practices.
COMPLETION OF ASSET DISPOSAL PROGRAMME12.2016
DECEMBER 2016 – ERAMET:
- signed an agreement with Umicore for the sale of Eurotungstene (France), which specialises in the development, production and sale of metal powders and pre-alloy powders;
- closed the sale of ERACHEM, which specialises in manganese chemicals, to the US company PMHC for USD193 million. ERACHEM’s activities, located in the United States, Belgium, China and Mexico, serve the battery and agrochemical sectors and a range of other applications (electronics, pigments, etc.);
- completed the divestment of Somivab (forestry in Gabon), Bear Metallurgical (vanadium and molybdenum alloy production in the USA);
- suspended activity at the Guilin plant in China (manganese alloys).