H.C. Starck continues positive performance in 1Q of 2011

After an excellent fiscal year in 2010, H.C. Starck, one of the leading manufacturers of refractory metals and advanced ceramics, continued the positive growth in all of its business units through the…

After an excellent fiscal year in 2010, H.C. Starck, one of the leading manufacturers of refractory metals and advanced ceramics, continued the positive growth in all of its business units through the 1Q of 2011 as well. In the 2010 fiscal year, H.C. Starck increased its revenues by 59% to EUR 689 million. In doing so, the company exceeded its expectations in all of its business units and gained significant market shares, particularly with regard to its tantalum and tungsten activities. One important factor that contributed to this excellent performance was the resurgent demand seen across all markets. In the 1Q of 2011, business was also strong thanks to the ongoing economic recovery and the resulting continued increase in market demand. Furthermore, industries like auto-makers, mechanical engineering firms, and mining companies place ever-increasing demands on the performance and durability of cutting and drilling tools. The company is also active in the field of environmentally friendly technologies, developing innovative and sustainable products such as those for manufacturing fuel cells and solar cells. H.C. Starck is also working on the development of components for high-performance, safe batteries for the growing electric vehicles market.