Our history

1936

1936

First steps

Carburo y Metalurgia S.A. is founded by Antonio Gianoli and George Mustakis.

1964

1964

First roasting furnace

Ciro Gianoli and Constantino Mustakis, sons of the founders of Carburo y Metalurgia S.A., started planning how to add value to molybdenum produced in Chile; in order to do so, they installed the first roasting furnace which will then be owned by Molymet.

1975

1975

Molymet is founded

The company was founded upon the division of Carburo y Metalurgia S.A., taking its business activity consisting in the production and sale of molybdenum oxide, ferromolybdenum and byproducts.

1994

1994

Molymet went international

Molymet started its globalization process thanks to the acquisition of a plant in Mexico which gave rise to Molymex.

2001

2001

Molymet’s first foray into Europe

Molymet debuted in the European production market by acquiring Chemiemetall (Germany), the plant where metallic molybdenum is mainly elaborated.

2003

2003

Expanding the boundaries in Europe

Molymet acquired 100% of the shares of Sadaci (Belgium), thus increasing its roasting capacity by 30%.

2008

2008

One single north

Molynor S.A. Industrial Complex was founded in Mejillones, thus constituting the second industrial facility of the company in Chile.

2010

2010

Molynor’s commissioning

Molynor started operating. Molymet also acquired 50% of the Company Luoyang Hi-Tech Molybdenum & Tungsten Material Co. Ltd. in China this year in order to elaborate molybdenum metal components.

2014

2014

Molymet’s corporate building, a sustainability referent

Molymet’s corporate building, which was planned, designed and built following “green building” guidelines and principles, includes every technological element required for an effective energy control and low impact on the environment. The company’s corporate building was awarded the Platinum LEED Certification (Leadership in Energy & Environmental Design), the most challenging certification on environmental issues, land the first obtained in Chile and South America.

2016

2016

Increasing Sadaci Roasting Capacity (Belgium)

The expansion process of the Belgian subsidiary Sadaci was completed, thus increasing the group’s production capacity of molybdenum Oxide to 207 MM pounds.

2017

2017

Pure products (Belgium)

The project to build new plant to elaborate Pure Products in Sadaci was launched, with a foreseen investment of USD 44 million. This plant was aimed at producing products with a higher added value and at providing more flexibility to the processing of molybdenum concentrates to our customers.

2019

2019

At the environmental and sustainability forefront

The modernization project applicable to MolymetNos’s gas cleaning system was approved, with an investment of USD 50 million. The aim of this project was voluntarily reducing MolymetNos’s sulfur dioxide (SO2) emissions.

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