Cumerio Plans to Close Copper Billets and Cake Production - 0 views
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Susanna Keung on 25 Nov 08Cumerio Belgium, a subsidiary of Norddeutsche Affinerie AG (NA), announced on 20th Nov its intention to close a copper billets and cakes production line at the Olen site. The decision was made based on the fact that production volumes in the department have halved over the last seven years and the line is currently losing money due to the low capacity utilisation rate. The company said that high copper prices in the last years had caused significant substitution losses to demand for copper billets and cakes, especially those for sanitary piping and roofing applications.