Prysmian, one of the largest cable manufacturers in the world, has recently signed a long-term agreement for the supply of copper wire with Aurubis. This agreement strengthens the collaboration between the two companies over the past 30 years and reflects an increase in commitments towards sustainable and responsible sourcing in the copper supply chain.
Details of the New Agreement
In this agreement, Aurubis has announced that the copper wire produced by the company contains about 36% recycled materials and its carbon footprint is significantly lower than the global industry average. With four wire production plants in Europe, Aurubis has been able to offer Prysmian flexibility and proximity to key markets.
This new agreement is considered the largest contract signed between the two companies. Alberto Boffelli, CEO of Prysmian, emphasized that as the largest buyer of copper wire in the world, the company has both the opportunity and responsibility to play a role in shaping the future of the copper value chain. This agreement allows Prysmian to secure sustainable and flexible resources that customers need.
The Role of Companies in Sustainability
Both companies are part of The Copper Mark, where all of Aurubis's wire production plants have received independent certification for responsible production, sourcing, and recycling of copper. Martin Sjoberg, Senior Vice President of Aurubis, also highlighted the company's strong sustainability performance, stating that the four wire production plants in Europe, with a focus on sustainability and commitment to key customers like Prysmian, demonstrate how European value chains can create value and support the continent's industrial competitiveness.
This agreement not only helps strengthen the copper supply chain in Europe but also facilitates access to essential materials for the continent's digital and energy future. In today's world, with the increasing demand for copper in renewable energy and digital industries, this agreement is viewed as an important step towards sustainable resource sourcing.
Ultimately, this new collaboration could contribute to greater transparency in the copper supply chain and reduce the environmental impacts of its production, with positive outcomes from this agreement expected to become apparent in the near future.
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