Executive Overview: Business Watch (Advanced Ceramics)

Although tech stocks have taken a nosedive in the first few months of 2001, many advanced ceramics manufacturers are reporting record sales for 2000—and anticipated continued growth in the years ahead.

For instance, CARBO Ceramics Inc. recently announced a net income of $14.8 million on record revenues of $93.3 million in 2000. This compares with 1999 net income of $10.5 million on revenues of $69.7 million. “We are operating in a very strong market, driven primarily by the continued demand for natural gas, and we are in an excellent position to satisfy what we expect to be a growing market for our products,” said Jesse P. Orsini, president and CEO.

CoorsTek, Inc. achieved record revenue of $539.7 million in 2000, 48% greater than in 1999, and record operating income of $58.0 million, 55% greater than the prior year. Although first quarter visibility for the semiconductor segment suggests a softening of demand that could result in a 10-20% decrease in revenue compared with fourth quarter 2000, the company is confident that its diversification strategy will prove successful. “We will remain focused on our core competencies and offer our diverse customer base the industry’s broadest array of materials and services," said John K. Coors, chairman, president and CEO. "With our strong balance sheet, we have the financial flexibility to take advantage of new business opportunities and if needed, weather volatile market conditions.”

Ferro Corp. also achieved record sales in 2000. For the year ended December 31, 2000, total sales increased 6.8% to a record $1.45 billion, compared with $1.36 billion in 1999. And French glass maker and building materials group Saint-Gobain announced a 16.2% increase in net profit, thanks in large part to strong performances by the company’s High Performance Ceramics and Plastics division.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!