Eramet, a global producer of alloying metals, has reported Q3 2016 sales of €714 million, showing a steady increase since the start of 2016.
‘Taking into account, on the one hand, the current rise in manganese prices and to a lesser extent, the rise in nickel prices, and, on the other hand, the successful implementation of productivity and cost reduction plans, the Eramet Group’s current operating income for second half 2016 is expected to be significantly higher than that of first half 2016 and become positive again,’ the company said.
Cumulative sales for Eramet Alloys over the first nine months of 2016 were down 3% compared with the same period in 2015.The aerospace sector contributed significantly to Eramet Alloys sales, through new aircraft manufacturer program which require high added value components for structures and engines. However, the impact of social movements at the national level negatively impacted business, Eramet said.
This story is reprinted from material from Eramet, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
