The Company

 

 

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THE FIRST TELECOMMAND LOADING
OF A BLASTING AGENT TOOK PLACE IN
2018. THE COMPANY EXPECTS TO CONTINUE CONSOLIDATING ROBOTIZATION AND TELEOPERATION OF ON-SITE OPERATIONS, IMPROVING PERSONNEL SAFETY AND PRODUCTIVITY AT MINING SITES.

ENAEX S.A., A SUBSIDIARY OF THE SIGDO KOPPERS GROUP, HAS MORE THAN 98 YEARS’ EXPERIENCE IN THE EXPLOSIVES MARKET. OVER THE YEARS, THE COMPANY HAS BECOME THE WORLD’S THIRD LARGEST PRODUCER OF AMMONIUM NITRATE.

In 2018, the Company continued to grow internationally, expanding its capacity to develop and export innovative, cutting-edge products and solutions for the global mining industry. It is currently the largest supplier of comprehensive rock fragmentation services for mining in Chile and Latin America.

Enaex owns the world’s largest ammonium nitrate production complex: Prillex America. The plant has a production capacity of 850 thousand tons/year and produced a total of 702 thousand tons of ammonium nitrate in 2018.

The Company has contracts with a large portfolio of important customers, including the region’s main open-pit and underground mines. It provides rock fragmentation and blasting services in Chile, Argentina, Brazil, Colombia and Peru, where it also has a broad network of on-site service plants. These plants provide a variety of services, such as: shot blasting, loading blasting agents, shallow mooring, plugging blast holes, checking blasting holes, and magazine management.

The Company stands out for its steady growth throughout Latin America. In Colombia, through its subsidiary Enaex Colombia S.A.S., it has a high-tech packaged emulsions plant in operation since 2010. In Argentina, the Company’s subsidiary Enaex Argentina SRL has a bulk emulsions plant in operation since 2014. In Brazil, the Company acquired a 100% interest in IBQ Industrias Químicas (Britanite), the country’s largest manufacturer and seller of civil explosives, in 2015. In Peru, it acquired an 80% interest in the local company, Chemtrade, and a 70% interest in Cuzco-based Industrias Cachimayo S.A., Peru’s only ammonium nitrate producer, thus consolidating Enaex’s place as the region’s largest producer of ammonium nitrate. Beginning in 2016, its Latin American subsidiaries began operating under the names Enaex Colombia, Enaex Argentina, Enaex Peru and Enaex Britanite. The Company continues to strengthen its position as a regional leader in mining services.

Enaex’s credit profile and liquidity position remain sound. This year, Feller Rate and Fitch Ratings confirmed their national risk ratings of AA and AA-, respectively, for Enaex S.A. For the third straight year, Best Chile 2018 (part of the Best Employee Financial Future program) also recognized Enaex as an outstanding company on the basis of its concern for employee wellbeing and health.

The community and the environment are also essential to Enaex’s growth plan. This is underpinned by its Clean Development Mechanism (CDM) projects, which began in 2006 and aim to reduce nitrous oxide emissions at the Prillex America complex. These projects have measured environmental impact throughout the product life cycle since 2015. The Company earned several accolades and certifications in the areas of sustainability and innovation. For the third straight year, it was chosen to be part of the Dow Jones Sustainability Index Chile (DJSI Chile) developed by Santiago Exchange, S&P Dow Jones Indices and RobecoSAM.

In 2017, the Company made two new technological developments in conjunction with renowned institutions, like the Stanford Research Institute (SRI), ASI Robots, Terainox, Thecne and SK Godelius. RoboMiner® and Mine-iTruck® are both teleoperated robotics solutions for mining sites.

The Company is known for its innovation, sustainability, exceptional quality, safety and passion for service. These values are key to satisfying customer needs and providing on-site solutions.

Enaex ventured outside the region in June 2015 to acquire Davey Bickford, a global leader in the manufacturing of electronic detonators and initiation systems, headquartered in France and with subsidiaries in Australia, Canada, Chile, the United States, Mexico and Peru. To date Enaex owns 96% of the company.