H.C. Starck Increases Revenues Despite Weak Raw Materials Markets

MUNICH, May 31, 2016 /PRNewswire/ --

H.C. Starck, one of the leading manufacturers of customer-specific powders and components made of technology metals and technical ceramics, performed well in 2015 despite a difficult market environment. The company increased its revenues from the previous year to 815.2 million euros (2014: 785.9 million). By December 31st 2015, the company employed a total of 2,679 employees worldwide (2014: 2,678).

"Last year was, once again, due to the situation on the raw material markets highly challenging for H.C. Starck," explained Dr. Engelbert Heimes, CEO of the management at H.C. Starck. "Currently, there is an imbalance between supply and demand for some of our most important raw materials, which has led to a significant drop in prices. However, this unusual market situation will not be permanent. It is only a question of time before the market achieves a new balance and the price level can increase significantly once again."

Changes to company management 

As we have already announced, Dr. Engelbert Heimes, former Chairman of the Advisory Board, has taken over the position of CEO after Dr. Andreas Meier left the company. In doing so, he vacates his office as Chairman of the Advisory Board, which is being taken over by Gregor Böhm, Co-head of the Europe Buyout Advisory Group at The Carlyle Group. In addition, Dr. Jens Knöll is advancing to become Chief Operating Officer (COO).

Until Dr. Michael Reiß returns, the organizational structure on the GmbH level will be established as follows:

• CEO: Dr. Engelbert Heimes
• CFO: Dr. Matthias Schmitz
• COO: Dr. Jens Knöll

Read the full release at http://www.hcstarck.com/en/hc_starck_group/press/press_releases.html

Contact: Wolfgang Weinseis, PR H.C. Starck, Tel.: +49-89-24-44-76-50, [email protected]

SOURCE H.C. Starck GmbH