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News Harsco Metals & Minerals division revenue drops by 19% to US$1.11bn

Harsco Metals & Minerals division revenue drops by 19% to US$1.11bn

Written by Global Slag Staff
04 March 2016
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US: Harsco Corporation has reported that revenue from its Metals & Minerals division dropped by 19% year-on-year to US$1.11bn in 2015 from US$1.78bn in 2014. Overall company sales revenue across all businesses fell by 17% to US$1.72bn from US$2.07bn. The fall in sales was attributed to a decline primarily in the Metals & Minerals and Industrial divisions due to falling steels and related commodities demand, site exits and currency effects.

The company expects that the market will further deteriorate for its Metals & Minerals division in 2016 due to lower steel production, site exits and weaker commodities demand. To fight this trend the company is continuing to implement ‘Project Orion,’ it’s Metals & Minerals improvement plan.

Published in Global Slag News
Tagged under
  • USA
  • Harsco
  • Results

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