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Acerinox, SA
Type	Public (BMAD: ACX)
Founded	1970
Headquarters	Madrid, Spain
Key people	Rafael Naranjo (Chairman of the board and CEO)
Industry	Steel
Products	Stainless steel
Revenue	€5.051 billion (2008)
Operating income	▲ €48.0 million (2008)
Profit	▼ (€10.5 million) (2008)
Employees	7,510 (2008)
Website	www.acerinox.es

Acerinox, SA (BMAD: ACX) 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 February 2009.^[1] The headquarters are in Madrid. The chairman is Rafael Naranjo. The company is the world's largest producer of stainless steel.^[2]

[edit] Companies and factories

[edit] Spain

Fábrica del Campo de Gibraltar (Los Barrios)
Roldán SA
Inoxfil SA
Inoxcenter SA
Inoxidables de Galicia SAU
Metalinox Bilbao SA
Inoxmetal SA
Acimetal
Alamak Espana Trade SL
Inoxcenter Canarias SA

[edit] Europe

Acerol – Comércio e Indústria de Aços Inoxidáveis (Portugal)
Acerinox France
Acerinox UK Ltd (United Kingdom)
Acerinox Scandinavia AB (Sweden)
Acerinox Schweiz SA (Switzerland)
Acerinox Italia SRL (Italy)
Betinoks Turquía (Turkey)

[edit] Rest of the world

Columbus Stainless (South Africa)
Bahru Stainless (Malaysia)
North American Stainless (USA)
Acerinox Argentina
Acerinox Chile

[edit] Accidents

In 1998, the Acerinox factory in Los Barrios, Cadiz melted a capsule of cesium 137 that was in a consignment of scrap metal.^[3]^[4] 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 micro bequerels of ionising radiation in the air, 1,000 times higher than the norm.^[5]^[6]^[7] Two other factories in Huelva and Badajoz also became contaminated by waste transported to them from Acerinox.^[4] During the clean-up, 7,000 tons of radioactive waste were dumped in Mendaña marshes, Huelva.^[8] The estimated costs of the accident were 20 million US dollars for lost production in the factory, $3mn for clean-up, and $3mn for waste storage.^[3]

[edit] References

^ ^a ^b ^c ^d ^e "Annual Results 2008". Acerinox. http://www.acerinox.es/opencms/export/system/modules/org.opencms.acerinox.module/elements/Galerias/Galeria_documentos/Press_Release_27-feb-09.pdf. Retrieved 2009-04-28.
^ Barriviera, Guadalupe; Tobin, Paul (23 July 2008). "Acerinox Says Spain Property Slump Erodes Steel Orders, Prices". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601085&sid=aW5nJK2wAWl8. Retrieved 2009-04-28.
^ ^a ^b JA Azuara (1999). "Main Issues in the Acerinox Event". Procs. Conf. Safety of Radiation Sources and Security of Radioactive Materials, Dijon. IAEA.
^ ^a ^b El CSN detectó la fuga antes del 9 de junio, pero no informó por considerarla menor La Vanguardia (newspaper), 17 June 1998, p.32. (Spanish)
^ MR de Elvira (1998) El caro incidente de la chatarra en Cádiz El Pais (newspaper), Madrid, 23 September 1998. (Spanish)
^ "Nuclear Files: Timeline of the Nuclear Age: 1998: Cs-137 meltdown in Spain". 25 May 1998. http://www.nuclearfiles.org/menu/timeline/1990/1998.htm.
^ NFLA Radioactive scrap metal — Meltings
^ Los Verdes exige que el cesio de Mendaña sea trasladado a El Cabril, Huelva Información (newspaper), 7 February 2008. (Spanish)

[edit] External links

Official website

Companies portal

[AR2008-0] "Annual Results 2008". Acerinox. http://www.acerinox.es/opencms/export/system/modules/org.opencms.acerinox.module/elements/Galerias/Galeria_documentos/Press_Release_27-feb-09.pdf. Retrieved 2009-04-28.

[1] Barriviera, Guadalupe; Tobin, Paul (23 July 2008). "Acerinox Says Spain Property Slump Erodes Steel Orders, Prices". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601085&sid=aW5nJK2wAWl8. Retrieved 2009-04-28.

[az1-2] JA Azuara (1999). "Main Issues in the Acerinox Event". Procs. Conf. Safety of Radiation Sources and Security of Radioactive Materials, Dijon. IAEA.

[lv1-3] El CSN detectó la fuga antes del 9 de junio, pero no informó por considerarla menor La Vanguardia (newspaper), 17 June 1998, p.32. (Spanish)

[4] MR de Elvira (1998) El caro incidente de la chatarra en Cádiz El Pais (newspaper), Madrid, 23 September 1998. (Spanish)

[5] "Nuclear Files: Timeline of the Nuclear Age: 1998: Cs-137 meltdown in Spain". 25 May 1998. http://www.nuclearfiles.org/menu/timeline/1990/1998.htm.

[6] NFLA Radioactive scrap metal — Meltings

[7] Los Verdes exige que el cesio de Mendaña sea trasladado a El Cabril, Huelva Información (newspaper), 7 February 2008. (Spanish)

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