ArmInfo. Deputy Prime Minister Mher Grigoryan met with Gunther Pilarsky, CEO of CRONIMET Mining GMBH, to discuss the holding's operations in Armenia.
According to the press service of the Armenian government, during the meeting, the interlocutors discussed steps aimed at enhancing the business environment and increasing Armenia's investment attractiveness. They also highlighted the successes achieved in this area. The company's potential for additional investment and increasing production and export volumes at one of the holding's Armenian assets, the Yerevan Pure Iron Plant, was also discussed.
It should be noted that prior to the sale of its majority stake in the Zangezur Copper and Molybdenum Combine (ZCMC), CRONIMET was one of the largest foreign investors in Armenia's mining and metallurgy sectors. Currently, the German group controls a 70% stake in Yerevan Pure Iron Plant CJSC, which produces ferromolybdenum, and Elbat CJSC, a battery manufacturer. According to some reports, these enterprises are currently not operating at their full capacity.
CRONIMET is a German family-owned group of companies headquartered in Karlsruhe and is a global leader in stainless steel processing and ferroalloy trading. The group is represented on six continents and has over 70 branches and representative offices worldwide. In 2024, the company's revenue amounted to approximately EUR 2.6 billion.
