“Measuring Return on Investments and Project interactions, side costs and side benefits – FENI Industries – Ferronickel smelter”

 
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2013 (EN)
“Measuring Return on Investments and Project interactions, side costs and side benefits – FENI Industries – Ferronickel smelter” (EN)

Angelevski, Boban (EN)

Artikis, Panagiotis (EN)
Leventis, Stergios (EN)
Dr Katsaliaki, Korina (EN)
Grose, Christos (EN)
School of Economics, Business Administration and Legal Studies, Executive MBA (EN)

At the time of its acquisition by CUNICO back in 2005, FENI Industries was operating only one of its two production lines with annual nickel production that was around 5,000 tonnes. After technical additions, innovations and capital investment by the group, the smelter is now fully operational, with both lines operating simultaneously. As a result, FENI Industries is continuously increasing ferronickel production to 16,000 tonnes per year and ongoing refurbishments will give an opportunity to increase even further, allowing production of 22,000 tonnes per year. In today’s world, when demand in Base Metals Industry is very low, oversupply of the market is more than evident, metals price volatility and uncertainty is making more difficult for the companies in this sector to survive. Survival means Development in every level and every aspect, and Development means Investments. Selection and acceptance of the most profitable investments among of many, has extremely importance for the companies in today’s tough world. From the analysis done in this paper work it can be realized that FENI Industries is a very successful company in the volatile and uncertain ferronickel market and is characterized by high financial performance. Furthermore, this analysis is pointing out that methodology used for valuation, acceptance and rejection of the investment project’s, in general is following investment decision rules proposed by Corporate Finance theory and used by vast majority of the companies in this sector. (EN)

masterThesis

Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)

2013-01-31


School of Economics and Business Administration, Executive MBA programme (EN)



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