H.C. Starck Reports Profitable Growth in 2011
H.C. Starck recently announced it has achieved sustainable profitable growth in 2011. Worldwide, H.C. Starck’s sales grew by 28% to €883.2 million (~ $1,177 million) from €689.3 million (~ $919 million) in 2010. In addition, operating profit grew significantly compared to the year before.
“2011 was an outstanding year for H.C. Starck,” said Andreas Meier, chairman of the H.C. Starck Executive Board. “We have more than exceeded our strategic and operational goals in all business segments and have continued on the positive, profitable growth track from the previous year.”
The company reported that its financial success was supported by high demand in the tantalum and niobium division, particularly from the electronics industry. The company reportedly achieved excellent results in Asia, in particular, despite the natural disasters in Japan and Thailand. The tungsten division notably experienced an improvement in the field of carbide tools.
Increased demand from the automotive industry and the renewable energy segment led to good results for ceramic powders. Alongside the sputtering target business for special coatings, H.C. Starck reported growing demand in the fabricated products business segment, primarily from the chemical processing and industrial furnace sectors. In the technical ceramics business segment, H.C. Starck was able to improve its results, especially through an increase in complex engineering parts and productivity improvements in business processes.
For more information, visit www.hcstarck.com.