H.C. Starck reports increased tungsten powder sales
July 9, 2019
H.C. Starck Group, Munich, Germany, has reported a significant increase in its sales for fiscal year 2018, with total sales at €691.7 million. Adjusted to account for the sale of its Tantalum & Niobium and Surface Technology and Ceramic Powders (STC) Divisions during the year, sales were said to have risen by 23% to €581.7 million.
The company stated that the most important external factor was a positive economic environment in the end-user industries. Enhanced sales efforts, advances in technology and productive cost initiatives, were also said to have contributed to its success.
H.C. Starck’s tungsten division, H.C. Starck Tungsten GmbH, posted an increase in sales in 2018 said to reflect the market success of its nanocrystalline tungsten carbide varieties and the ongoing ramp-up of capacity at its Chinese plant. Numerous projects designed to help increase efficiency, such as the optimised utilisation of worldwide plant capacities and the improvement and development of various production processes, were also key to its performance.
As a result of investments made to increase capacity and tap into new business segments, H.C. Starck stated that it expects the positive trends within the individual divisions of the group to continue in the current fiscal year.