The company is planning to spin-off the PP (Performance Products) business division which contributed 44% to total revenues in 2014. The division produces Graphite & Carbon Electrodes (79% of total revenues) and Cathodes & Furnace Linings (21% of total revenues) used in the aluminium industry. PP is mainly dependent on the global steel market. At present, steel markets are in structural oversupply therefore secondary steel production (based on scrap) is not expected to increase, altho
09 Jul 2015
Last exit PP or waiting for a sponsor
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Last exit PP or waiting for a sponsor
SGL Carbon SE (SGL:WBO) | 0 0 -0.4% | Mkt Cap: 1,409m
- Published:
09 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company is planning to spin-off the PP (Performance Products) business division which contributed 44% to total revenues in 2014. The division produces Graphite & Carbon Electrodes (79% of total revenues) and Cathodes & Furnace Linings (21% of total revenues) used in the aluminium industry. PP is mainly dependent on the global steel market. At present, steel markets are in structural oversupply therefore secondary steel production (based on scrap) is not expected to increase, altho