Acerinox
 |
|
| Sociedad Anónima (BMAD: ACX) | |
| Industry | Steel |
| Founded | 1970 |
| Headquarters | Madrid, Spain |
|
Key people
|
Rafael Miranda (Chairman), Bernardo Velázquez (CEO) |
| Products | Stainless steel |
| Revenue | €4.500 billion (2010) |
| €232.2 million (2010) | |
| Profit | €122.7 million (2010) |
| Total assets | €4.240 billion (end 2010) |
| Total equity | €1.924 billion (end 2010) |
|
Number of employees
|
7,390 (end 2010) |
| Website | www.acerinox.es |
Acerinox, S.A. (Spanish pronunciation: [aθeɾiˈnoks]) is a stainless steel manufacturing conglomerate group based in Spain. The company was founded in 1970, and initially received technical support from the Japanese firm Nisshin Steel. Nisshin continues to hold approximately 15% of Acerinox as of April 2010. The headquarters are in Madrid. The chairman is Rafael Naranjo. As for 2008, the company was the world's largest producer of stainless steel.
In 1998, the Acerinox factory in Los Barrios, Cadiz melted a capsule of cesium-137 that was in a consignment of scrap metal. The radioactive substance was released into the atmosphere and spread over Europe — nuclear authorities in France, Germany, Italy, and Switzerland detected up to 2,400 microbecquerels of ionising radiation in the air, 1,000 times higher than the norm. Two other factories in Huelva and Badajoz also became contaminated by waste transported to them from Acerinox. During the clean-up, 7,000 metric tons of radioactive waste were dumped in Mendaña marshes, Huelva. The estimated costs of the accident were 20 million US dollars for lost production in the factory, $3 million for clean-up, and $3 million for waste storage.
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