sector: Basic Materials ·
industry: Mining & Metals - Specialty ·
As of
7:52pm IST
219.20EUR
Eramet SA is a France-based integrated mining and metallurgical company. The Company produces non-ferrous metals and their chemical derivatives, high-performance special steels, nickel alloys and super alloys, and high-performance parts for industry. These are used in the aerospace, iron and steel, power generation, tooling, chemical, transport and medical sectors. Eramet SA's activities are spread across three business divisions: Nickel, which specializes in nickel production and the manufacture of cobalt and tungsten powders; Manganese, which is engaged in the production of manganese alloys for steel manufacturing, and Alloys, which specializes in the production of high-speed steels and closed-die forged parts in titanium, aluminum and steels, among others. The Company operates several subsidiaries, including Le Nickel-SLN, Comilog SA, Aubert & Duval and Erasteel. In July 2008, Eramet SA acquired 59.93% of Norwegian company, Tinfos AS.
BRIEF: For the six months ended 30 June 2009, Eramet SA's total revenue increased 47% to EUR1.26B. Net loss for the period totaled EUR213M, vs. a profit of EUR421M. Total revenue reflects a decrease in sales of the Company's products and services in the Manganese, the Nickel and the Alloys business segments. Net loss for the period reflects substantially decreased operating margins as well as increased other operating expense.
Eramet S.A.
Tour Maine Montparnasse
33 avenue du Maine
Paris 75755
P: +331.45384242
F: +331.45384128