Ceramic Industry News / Refractories

Vesuvius Revenue Falls 5.7% in First Half

Vesuvius Plc. recently released half year results for the six months ended June 30, 2013. Revenue from continuing operations was £773 million (~ $1,197 billion), a reduction of 5.7% compared to the same period last year, reportedly reflecting the weaker conditions year-on-year in the global steel and foundry end markets.

Vesuvius’ Advanced Refractories revenue declined by 7% to £235 million (~ $364 million), mainly reflecting the sale of the Andreco Hurll and VGT Dyko operations in 2012 and early 2013, respectively. On an underlying basis, first half revenue in the division was 2% lower than in the same period last year, due to softer markets in Europe and the Americas.

“Vesuvius has delivered a solid performance in the first half, in a trading environment that was generally stable but still operating at a substantially lower level than in the first half of last year,” said François Wanecq, chief executive. “All of our businesses performed better than, or in-line with, their main end markets.”

For additional information, visit www.vesuvius.com/en.

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

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

Multimedia

Videos

Image Galleries

2015 Ceramics Expo

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

Podcasts

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

Ceramic Industry Magazine

June 2015 ceramic industry

2015 June

This issue features our first annual Supplier of the Year Awards. Be sure to check it out!
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

THE CERAMIC INDUSTRY STORE

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.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

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