Company History

 

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2018

In Peru, Enaex began blasting services in Quellaveco, one of the world’s largest unexploited copper mines and acquired 70% of Cuzco-based Industrias Cachimayo S.A., a company owned by Yura S.A., a subsidiary of the Gloria group, and Peru’s only producer of ammonium nitrate. In innovation, the Stemming-iTruck®, a teleoperated solution for plugging blast holes, was launched. The School of Engineering and Sciences also recognized Enaex with the Technological Innovation in Engineering award.
In sustainability, the Company was chosen to be part of the Dow Jones Sustainability Index Chile for the third straight year. Enaex also received the Impulsa Talento Feminino award, an initiative from PwC Chile, Fundación Chile Mujeres and Pulso, which recognizes companies that promote women in the workplace with high hiring rates and payment equality.

1920

Compañía de Explosivos de Chile was founded on November 9th.

1923

Explosive manufacturing began at the Río Loa plant. The corporate name was changed to Compañía Sudamericana de Explosivos.

1972

Through the Chilean Economic Development Agency (CORFO), the Chilean government took full control of the Company, changing its name to “Empresa Nacional de Explosivos”.

1974

First Mobile Manufacturing Unit

1983

Production of nitric acid and ammonium nitrate began at the plant in Mejillones (Prillex America).

1987

The Company was acquired by Chilean investors, FAMAE, and U.S.-based Austin Powder Company.

1989

The Company's corporate name was changed to ENAEX S.A.

1990

Sigdo Koppers acquired a 33% interest in Enaex S.A.

1991

Enaex was formed as a publicly held corporation.

1992

Construction of a new ammonium nitrate plant began in Mejillones.

1993

Sigdo Koppers increased its ownership interest in Enaex to 50.01%.

1997

The ammonium nitrate project began with an investment of approximately US$130 million in a new plant with production capacity of 350,000 tons/year. This investment brought the Company's total capacity to 450,000 tons/year.

1999

Production of ammonium nitrate began at the new plant in Mejillones.

2001

Enaex earned the National Quality Award (Premio Nacional a la Calidad) in the large corporation category.

2006

The Company carried out a successful capital increase of US$68 million and secured two loans totaling US$125 million in order to finance the new ammonium nitrate plant in Mejillones. The Company decided to implement a carbon credit project in Mejillones.

2007

Subsidiary Enaex Argentina SRL was created. The carbon credit project and construction of a new ammonium nitrate plant began.

2008

The Carbon Credit Project's certified emissions reduction initiative was launched. Subsidiary Enaex Servicios S.A. was created and the Company was split into manufacturing and service divisions.

2009

The carbon credits project was approved under the Kyoto Protocol and the United Nations officially issued the first emissions reduction certificates, allowing Enaex to sell its carbon credits to Mitsubishi Corporation in Japan.

2010

The new ammonium nitrate plant (Panna 4) opened, bringing total production to 850 thousand tons and making it the world's largest explosive-grade ammonium nitrate production complex.

2011

The Prillex complex reached its maximum, nominal capacity, at 850 thousand tons of ammonium nitrate per year. UNFCC approved the Panna 4 carbon credit project. Enaex solidified its position as the national leader in CO2 reduction and emission of carbon credits (Certified Emission Reduction, CERs).

2012

Enaex acquires a one-third stake in IBQ Industrias Químicas (Britanite) in Brazil. In late 2012, Enaex launched a new project called "The New Enaex Cycle", updating its image and headquarters, aligning them with new growth and productivity challenges.

2013

This year was key in defining Enaex's focus on a model based on continuous innovation.

2014

In Peru, the Company acquired an 80% interest in Chemtrade, a company through which it was awarded the ammonium nitrate supply contract for Minera Antamina. In Chile, new contracts were signed with the Collahuasi mines, increasing Enaex's domestic market share.

2015

Acquired 100% of IBQ Industrias Químicas (Britanite) and 91% of the Davey Bickford Group, a French world leader in manufacturing electronic detonators. In October, Enaex conducted its first bond issuance on the local market, for a total amount of UF 2.5 million.

2016

Enaex became part of the Dow Jones Sustainability Index Chile (DJSI Chile) and Chilean Federation of Industry (SOFOFA) bestowed us with one of its most important national accolades, naming Enaex Outstanding Company of the Year.

2017

Enaex launched two new technological developments, RoboMiner® and Mine-iTruck®, robotized, teleoperated solutions for mining sites. In the financial realm, Feller Rate improved the Company's national risk rating from AA- to AA with a stable outlook.

 

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2018

In Peru, Enaex began blasting services in Quellaveco, one of the world’s largest unexploited copper mines and acquired 70% of Cuzco-based Industrias Cachimayo S.A., a company owned by Yura S.A., a subsidiary of the Gloria group, and Peru’s only producer of ammonium nitrate. In innovation, the Stemming-iTruck®, a teleoperated solution for plugging blast holes, was launched. The School of Engineering and Sciences also recognized Enaex with the Technological Innovation in Engineering award.
In sustainability, the Company was chosen to be part of the Dow Jones Sustainability Index Chile for the third straight year. Enaex also received the Impulsa Talento Feminino award, an initiative from PwC Chile, Fundación Chile Mujeres and Pulso, which recognizes companies that promote women in the workplace with high hiring rates and payment equality.

 

+

2018

In Peru, Enaex began blasting services in Quellaveco, one of the world’s largest unexploited copper mines and acquired 70% of Cuzco-based Industrias Cachimayo S.A., a company owned by Yura S.A., a subsidiary of the Gloria group, and Peru’s only producer of ammonium nitrate. In innovation, the Stemming-iTruck®, a teleoperated solution for plugging blast holes, was launched. The School of Engineering and Sciences also recognized Enaex with the Technological Innovation in Engineering award.
In sustainability, the Company was chosen to be part of the Dow Jones Sustainability Index Chile for the third straight year. Enaex also received the Impulsa Talento Feminino award, an initiative from PwC Chile, Fundación Chile Mujeres and Pulso, which recognizes companies that promote women in the workplace with high hiring rates and payment equality.