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Acid Plant Database July 16, 2014
Strada Fabricilor, Nr. 1
Copsa Mica, SIBIU
|Background||1998, the plant was privatised and became a member of the Greek holding Mytilineos Holdings SA www.mytilineos.gr|
|Coordinates*||46° 7' 1" N, 24° 13' 42" E (Overall site)|
|Type of Plant||Metallurgical|
|Gas Source||Lead and Zinc|
|Plant Capacity||200,000 MTPA|
|Status||Production suspended January 2009|
The only lead smelter in Romania
Sometra Company was founded in 1939 and is
the largest zinc and lead metallurgy in Romania.
Today, following investments made in the past years, exceeding $30 million, production is expected to stand at 80,000 tons, employing in parallel 1,200 employees. It should be noted that the investment cycle was completed in 2006 for both productivity improvement and production increase by 20-25%, and improvement of environmental operation terms according to European Union directives.
Minerals Yearbook, Romania
USGS, 2011 Minerals Yearbook, Romania
2013 Annual Report, Mytilineos Holdings
- The Group, since 2009, applies IFRS 5 “Non-current assets held for sale &
discontinues operations”, and presents separately the assets and liabilities
of the subsidiary company SOMETRA S.A., following the suspension of the
production activity of the Zinc-Lead production plant in Romania, and
presents also the amounts recognized in the income statement separately from
continuing operations. Given the global economic recession, there were no
feasible scenarios for the alternative utilization of the aforementioned
financial assets. For that reason the Group plans to abandon the Zinc-Lead
production while exploiting the remaining stock of the plan. Consequently,
by applying par. 13 of IFRS 5 “Non-current assets Held for Sale” the
Zinc-Lead production ceases to be an asset held for sale and is considered
as an asset to be abandoned. The assets of the disposal group to be
abandoned are presented within the continuing operations while the results
as discontinued operations.
2011 - Sometra S.A., which was Romania’s only primary producer of lead and zinc metal, was owned by Mytilineos Holdings S.A. of Greece. The holding company suspended production in January 2009 and declared in its 2011 annual report that it planned to abandon zinc-lead production while exploiting the remaining stock in the plant (Mytilineos Holdings S.A., 2012, p. 105).
2010 - Sometra S.A., which was Romania’s only primary producer of lead and zinc metal, was owned by Mytilineos Holdings S.A. of Greece. The company had suspended production in January 2009 owing to reduced demand for its products and to difficulty in obtaining lead and zinc concentrates. As of December 31, the production facility remained closed, although the company stated that this closure was temporary (Mytilineos Holdings S.A., 2011, p. 30).
MTPD - Metric Tonne per Day
STPD - Short Ton per Day
MTPA - Metric Tonne per Annum STPA - Short Ton per Annum
SA - Single Absorption
DA - Double Absorption
* Coordinates can be used to
locate plant on Google Earth