MUNICH, August 15, 2018 /PRNewswire/ --
- Group sales in FY 2017 up 11 percent, at 767.3 million euros
- Substantial investment activities lay groundwork for further growth
- Successful sale of the STC and Tantalum/Niobium Divisions
H.C. Starck, one of the leading manufacturers of customer-specific powders and components made from technology metals and advanced ceramics, has posted a significant increase in sales for 2017. Sales for the past fiscal year, 2017, rose to 767.3 million euros, an increase of 11 percent over the previous year. This development was driven by the recovery of important core markets and by the successful implementation of a series of initiatives aimed at boosting sales and profitability. As of December 31, 2017, the H.C. Starck Group had about 2,600 employees worldwide.
The first half of FY 2018 saw a positive development in demand in the core markets, a trend H.C. Starck expects to continue in the second half of the year. This forecast is based on several factors, including the highly positive economic development currently taking place in Europe, North America, and Asia, three regions that are important to H.C. Starck.
The strategic further development of the STC Division will continue under the leadership of Swedish metal powder manufacturer Höganäs AB, an ideal strategic partner for the STC business. In addition, the company decided to work with JX Nippon Mining & Metals as a very strong partner for the future development of the Tantalum Niobium Division.
Full version of the press release is available at http://www.hcstarck.com/press
H.C. Starck press office, represented by:
80801 Munich, Germany
SOURCE H.C. Starck GmbH