In the 2010 fiscal year, H.C. Starck reported a 59% increase in revenues, to €689 million (~ $983 million). As such, the company reportedly exceeded its expectations in all of its business units and gained significant market shares, particularly with regard to its tantalum and tungsten activities.
Contributing to this performance was the resurgent demand seen across all markets. “But the rapid and systematic restructuring of our company also played a significant role in the positive development of our business,” said Andreas Meier, Ph.D., CEO. “We made our organizational structure more efficient and more tailored to the needs of the market, and also focused our product range on our core business area. In addition, the cost-cutting measures we implemented made a noticeable contribution to our excellent annual result.” On December 31, 2010, the company had 2727 employees in the U.S., Canada, Great Britain, Germany, China, Japan and Thailand.
In the first quarter of 2011, the company says business was also strong due to the ongoing economic recovery and the resulting continued increase in market demand. H.C. Starck has reportedly once again exceeded expectations in several business units.
“In addition, we have completed one of our most important strategic tasks,” Meier said. “Thanks to longer term supply agreements with established mines and the EICC certification for our tantalum procurement process, we have been able to secure our supply of ethically produced raw materials. As a result, we are in an excellent position to achieve our above-average growth targets for 2011.”
For additional details, visit www.hcstarck.com