ERAMET group nine-month turnover up 4.5 %

November 2, 2011

ERAMET, the French mining and metallurgical group, has reported that group turnover totalled €2,723 Million for the first nine months of 2011, a 4.5 % increase compared with the same period in 2010.

Third quarter 2011 turnover, at €792 Million, was slightly lower than in the 3rd quarter of 2010 due to trends in exchange rates and, to a lesser extent, nickel and manganese prices, the company stated. The Group’s output and shipments increased overall in the 3rd quarter of 2011 compared with the same period in 2010.

ERAMET Alloys, the division that includes gas atomised metal powder producer Erasteel, reported that turnover for the 3rd quarter of 2011 rose 11 % compared with 3rd quarter 2010. Over the nine-month period turnover totalled €669 Million for the Alloys division, up 21 % on the same period in 2010.

Patrick Buffet, ERAMET group Chairman & CEO, stated, “In the medium and long terms, trends are healthy for the fundamentals of the Group’s businesses, which are driven by market growth in emerging countries, particularly China. The Group will continue the modernisation of its current sites, which has already been widely implemented, the ramp-up of its organic growth projects, the in-depth study of its transformative projects and its policy of selective acquisitions and partnerships in all its businesses.”

www.eramet.com  

Edited by: Paul Whittaker, Editor ipmd.net, [email protected]   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

 

www.ipmd.net

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link