The increase includes the effect of fully consolidating hardmetal company Ceratizit, the company explained.
"First the pandemic, then supply chain problems, now the Ukraine war,” said Karlheinz Wex, board spokesperson. “These challenges were and are a major effort for our employees and managers.”
According to the company, its outlook depends on developments in mechanical engineering, the semiconductor industry and medical technology. "The good demand in these industries shows that our products and tools made from the materials molybdenum and tungsten will continue to be in demand in many high-tech applications in the future," added Wex.
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