Globe Specialty - Lieferant von Hemlock und Wacker - 500 Beiträge pro Seite

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Globe Specialty Metals to invest in UMG-Si production expansion
24 November 2009 | By Mark Osborne | News > Fab and Facilities


The reopening of Globe Specialty Metals metallurgical grade silicon production plant in Niagara Falls, NY State opens the way for the company to invest heavily in expanding its UMG-Si capabilities to the tune of US$60 million over a two-phase investment plan.

Globe said that it has restarted its two furnaces at the plant and has upgraded the equipment used to produce approximately 30,000MT of metallurgical grade silicon each year. A new US$35 million facility will be built to produce 4,000MT of UMG-Si, approximately equating to 500MW, per annum. The project is expected to create a total of 500 jobs.

Solar cell manufacturing start-up, SpectraWatt is already a customer of Globe and has secured UMG-Si supply from Globe.

Globe said that US$27 million had been allocated to modernizing and improving emission controls equipment in order to meet or exceed all environmental standards. Old buildings have been demolished and unnecessary equipment removed from the site.

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Vorgängerthreads:

Thread: Globe Specialty Metals - einer der größten m-Si Produzenten

und

Thread: Globe Specialty Metals - SI-Produzent

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Published: Friday, 4 Dec 2009 | 8:07 PM ET
Text Size
By: Tom Brennan
Web Editor, Mad Money

Silicon prices look like they’re bottoming, Cramer said Friday, and Global Specialty Metals is a great way to play their rebound.

The rising cost of silicon, which is used in chemicals, solar cells, aluminum alloys and electronics, benefits Global Specialty Metals [GSM 9.29 -0.11 (-1.17%) ] in a couple of important ways. First, high barriers to entry have limited competition in this space. So instead of worrying about new companies rushing in to take advantage, the four firms that comprise 76% of production – GSM among them – can simply ramp up production. GSM has done just that, most recently at an idled Niagara Falls, N.Y., plant. There also are potential plans to fire up an idled factory in Selma, Alabama, as well.

Another reason that pricing is key for GSM is the effect on earnings. For every penny increase in silicon’s cost per pound, Global Specialty Metals sees a $2.4 million increase in profits before interest, taxes, depreciation and amortization. As long as silicon continues to push higher – and Metal Bulletin puts the bottom at about $1.08 a pound, with the price now at $1.24 – then GSM’s earnings should head in the same direction.

So where’s the risk? Despite having a solid balance sheet, GSM hasn’t been a public company for very long. Just since July 30, in fact. And private-equity firms D.E. Shaw, Luxor Capital and Plainfield Asset Management still own 27% of the outstanding shares. Their lock-up period expired at the end of November, so they could sell at any time. That, Cramer said, would kill the stock’s momentum.

There’s also no guarantee that silicon’s price will continue its upward trajectory. Investors must keep this in mind if they plan to buy GSM.

The stock trades at 20 times 2010 earnings. That may look expensive at first glance, but the 2011 growth rate is expected to reach 62%. That makes Global Specialty Metals worthy paying up for, Cramer said – as long as you can stomach the risk.

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Globe Specialty Metals Reopens Selma, Alabama Facility
Cites Improvement in Domestic and Export Markets
NEW YORK, Feb. 3, 2010 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (Nasdaq:GSM) has reopened its silicon metal and ferrosilicon alloys facility in Alabama that it idled during the economic downturn. Globe restarted the first of two furnaces at the plant in early January and restarted the second furnace this week, rehiring 90 workers in the process. At full capacity, this plant produces approximately 27,000 tons of silicon metal and ferrosilicon alloys annually.

On January 29, Alabama Governor Bob Riley joined CEO Jeff Bradley to mark the restart of the facility. "The reopening of this plant is a vote of confidence in the future of Alabama's economy," said Governor Riley. "Its impact, however, goes far beyond new investment and jobs. Globe is bringing renewed opportunity and renewed hope to many families in this area."

Bradley said: "We are confident and optimistic about the future of Globe and about the resilience of American manufacturing. Improvement in our end markets including aluminum, chemicals, electronics and solar panels has enabled us to restart this operation to meet our domestic and export customer needs."

Just ten weeks earlier, on November 23, Globe reopened its Niagara Falls, N.Y., plant after investing approximately $25 million to restart the facility after its closure more than five years ago. The Company brought on line two furnaces capable of producing approximately 30,000 tons of metallurgical grade silicon annually, creating more than 100 new jobs.

"We have now brought back our full capacity at two key facilities, Alabama and New York, and expect the worldwide demand for silicon metal and silicon alloys to continue growing," Bradley added.

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Globe Specialty Metals Announces Second Quarter Fiscal 2010 Results

NEW YORK, Feb. 11, 2010 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (Nasdaq:GSM) (the "Company") today announces results for the quarter and six months ended December 31, 2009. Key points are as follows:

* Net sales for the second quarter ended December 31, 2009 were up 3%, to $108.3 million, and shipments increased 11% to 44,508 MT, from our first quarter ended September 30, 2009.
* Net income attributable to GSM for the second quarter was $18.5 million, compared to $8.4 million in our first quarter. Diluted earnings per share were $0.25 in the quarter, compared to $0.12 per share in our first quarter.
* Increased silicon metal demand led us to reopen our Niagara Falls, NY and Selma, AL plants. Niagara Falls had been closed for more than five years and is now producing silicon metal in both of its furnaces. Selma had been idled since April 2009 and we expect it to be operating at capacity by the end of February.
* We closed two major transactions with Dow Corning on November 4, 2009 that provided us with $175.0 million of gross cash proceeds (approximately $135.0 million of net cash proceeds) to fund acquisitions and other growth initiatives. As a result of the transactions, our second quarter includes a net after tax gain of $14.0 million ($75.0 million of gross proceeds less our cost basis, taxes and transaction fees from the sale of our Brazilian plant) and our balance sheet includes additional paid-in capital and non-controlling interest of $69.0 million ($100.0 million of gross proceeds less taxes and transaction fees as a result of the formation of a joint venture with Dow Corning, which we control and consolidate).

The Company posted second quarter net income attributable to GSM of $18.5 million, or $0.25 a diluted share, compared to net income of $8.4 million or $0.12 per diluted share in our first quarter of 2010 and a $61.5 million net loss, or $0.97 a diluted share, in the second quarter of last year. Diluted earnings per share on a comparable basis were as follows:
FY 2010 FY 2009
Second Quarter First Quarter Second Quarter
Reported Diluted EPS $ 0.25 0.12 (0.97)
Goodwill impairment -- -- 1.03
Gain on sale of Brazil (0.19) -- --
Write-off of deferred IPO offering costs -- -- 0.02
Niagara Falls and Selma startup costs 0.03 -- --
Inventory write-downs and fixed asset impairment 0.01 -- 0.05

Diluted EPS, excluding above items $ 0.10 0.12 0.13

Second quarter results benefited from a $14.0 million after tax gain on the sale of our Brazilian plant and were negatively impacted by $2.4 million of after tax start-up costs for the Niagara Falls, NY and Selma, AL plants and a $0.7 million after tax impairment charge on certain furnaces at our electrode plant in China, which in total increased diluted earnings per share by $0.15.

Shipments in the second quarter increased 11% from the preceding quarter as a result of stronger demand from our end markets. Our average selling price declined by 5% from the preceding quarter, with a 3% decline in silicon metal and an 8% decline in silicon-based alloys. Adjusting for the material provided to Dow Corning under the joint venture our average silicon metal price actually increased 1%. The decline in the average selling price of silicon-based alloys is primarily a result of an 8% increase in overall silicon-based alloy shipments in the second quarter coming mostly from additional standard grade ferrosilicon which is our lowest priced alloy.

Second quarter EBITDA was $37.0 million, compared to $19.9 million in our first quarter and a $56.9 million loss in the second quarter of last year. EBITDA on a comparable basis was as follows:
FY 2010 FY 2009
Second Quarter First Quarter Second Quarter
Reported EBITDA $ 37,039 19,919 (56,891)
Goodwill impairment -- -- 69,560
Gain on sale of Brazil (23,368) 461 --
Write-off of deferred IPO offering costs -- -- 2,527
Niagara Falls and Selma startup costs 3,892 -- --
Inventory write-downs and fixed asset impairment 685 (68) 3,461

EBITDA, excluding above items $ 18,248 20,312 18,657

For the first half of fiscal 2010 the Company posted net income attributable to GSM of $27.0 million, or $0.37 a diluted share, compared to a net loss of $44.6 million or $0.70 per diluted share in the first half of fiscal 2009. Last year's results included an after tax impairment charge of $65.2 million. EBITDA for the first half of fiscal 2010 was $57.0 million, compared to a loss of $24.6 million in the first half of fiscal 2009.

We expect volumes to improve as output from our Niagara Falls, NY and Selma, AL plants more than make up for the lost capacity from the sale of our Brazilian plant. In our fiscal third quarter we expect the average selling price of silicon metal to be somewhat lower than the second quarter as a result of material shipped under the joint venture and the expiration of a small volume of above-market calendar 2009 contracts. As demand increases we would expect spot prices for silicon metal and silicon-based alloys to improve.

Capital expenditures were $5.7 million in the second quarter. We expect a modest increase in capital expenditures in our third quarter to support the reopening of the Selma plant.

Cash and cash equivalents totalled $252.2 million at December 31, 2009, which included approximately $160.0 million of net cash proceeds from the Dow Corning transactions, with a tax payment of approximately $30.0 million still due to be paid in our third quarter. Accounts receivable and inventories declined by 5% each from September 30, 2009 to December 31, 2009 as a result of the sale of our Brazilian plant, partially offset by the start-up of Niagara Falls. Accounts payable increased 43% from September 30, 2009 to December 31, 2009 largely from the amounts due to Dow Corning for shipments to our retained Brazilian customers.

Globe CEO Jeff Bradley commented: "Improving trends in our end markets led us to reopen our Niagara Falls, NY and Selma, AL plants. We are optimistic that the demand increases we are seeing from the chemical, aluminum, steel and solar industries will continue. Spot prices are also strengthening as demand increases." Bradley continued, "We expect calendar 2010 to be a very solid year."

Conference Call

Globe will review first quarter results during its quarterly conference call tomorrow, February 12, 2010, at 9:00 a.m. Eastern Time. The dial-in number for the call is 888-778-9052. International callers should dial 913-312-1471. Please dial in at least five minutes prior to the call to register. The call may also be accessed via an audio webcast available on the GSM website at http://investor.glbsm.com. Click on the February 12, 2010 Conference Call link to access the call.

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Globe Specialty Metals acquires Core Metals Group
Friday, 02 Apr, 2010

Globe Specialty Metals Inc announced its acquisition of Core Metals Group LLC, one of North America's largest producers
and marketers of high purity ferrosilicon and other specialty steel ingredients.
Globe paid USD 52 million in cash for the company, which was owned by the Ospraie Funds. The company, headquartered
in Coraopolis, PA, services the steel, chemical and other industrial markets.
Core Metals Group is a leading producer, marketer, and distributor of ferroalloys and specialty materials for the North
American steel and foundry industry. It markets and produces materials including ferrosilicon, ferrovanadium,
ferromolybdenum, fluorspar, metallurgical process materials, and other ferroalloys. The company's headquarters are in
Coraopolis, PA, which is close to Pittsburgh, PA.
Mr Jeff Bradley CEO of Globe said “This accretive transaction is another step in our aggressive growth and synergistic
product diversification strategy. It strengthens our growing ferrosilicon business and expands the line of products and
services we offer to the market. We are also very pleased with the operations excellence and sales and marketing expertise
that is evident throughout Core Metals.”
Mr Bradley added “With this transaction, we also inherit a first class, well entrenched marketing organization that we expect
will enable us to further expand our products and sales into the growing steel markets around the world.”
Mr Larry Byrnes president of Core Metals said “We are delighted about being a part of such a solid, consistently profitable
and growing international American-based manufacturing company. The value that the combination of our companies brings
to the market is very exciting.”
Globe Specialty Metal Inc is among the world's largest producers of silicon metal and silicon based specialty alloys, chips
and concrete producers. The Company is headquartered in New York City.

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lt. Präsentation vom 11.6.2010 ist Wacker der größte Kunde; hoffe mal, das bleibt auch nach deren Akquisition so...

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On Friday September 17, 2010, 5:01 pm EDT

NEW YORK (AP) -- Shares of Globe Specialty Metals Inc. jumped on Friday after the maker of silicon alloys posted sharply higher fourth-quarter income, beating Wall Street estimates.

Shares rose $1.27, or 10.2 percent, to end afternoon trading Friday at $13.79, a day after the earnings report's release. The stock hit a fresh 52-week high of $14 during the session.

Globe said late Thursday that it earned $6.6 million, or 9 cents per share, during the three months that ended June 30. That compares with $1.6 million, or 2 cents per share, in the same period last year.

Excluding one-time items, the company earned 11 cents per share.

Revenue rose 79 percent to $146.4 million.

Analysts surveyed by Thomson Reuters on average expected 4 cents per share on $136.5 million in revenue. Their estimates typically exclude one-time items.

The company said it is running all of its silicon metal and silicon-based alloy furnaces at full capacity and it is benefiting from "strong" demand.

Globe's board of directors approved an annual dividend of 15 cents per share, payable Oct. 29 to shareholders of record on Oct. 15. The dividend will cost the company $11.1 million.

For the full fiscal year, the company posted net income of $34.1 million, or 46 cents per share. That compares with a loss of $42 million, or 65 cents per share, in the prior year.

Excluding one-time items, the company made 42 cents per share for the year. Revenue rose 10.9 percent to $472.7 million.

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November 11, 2010
CNBC Mad Money CEO Interview

Global Specialty Metals, a maker of silicon and silicon allows, is up 95 percent since Cramer recommended it as a speculation play on Dec. 4, 2009. After the quarter this company just had, he thinks it go still higher.

Cramer liked Global Specialty Metals because it's a low-cost producer operating in very concentrated markets with high barriers to entry. In the West, 62 percent of merchant non-captive production is controlled by the top four silicon producers. And they're partially protected from Chinese and Russian competition by anti-dumping duties.

Silicon is used to make chemicals, especially coatings, and it's used by aluminum, solar and electronics companies as well. Right now it's a strong business as evidenced by GSM's better-than-expected quarter on strong revenues. The company even initiated a 15-cent dividend. But will the run continue? Cramer invited CEO Jeff Bradley to the show to find out. Watch the video for the interview.

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zahlen inzwischen Dividende...

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wird wohl 'n Verlust dieses Jahr: http://files.shareholder.com/downloads/ABEA-3CRU4N/259071669…

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Antwort auf Beitrag Nr.: 45.077.481 von R-BgO am 19.07.13 11:23:49

yep, war einer;

dafür gibt's andere News:

August 20, 2013 19:24 | Source: Globe Specialty Metals


NEW YORK, Aug. 20, 2013 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (Nasdaq:GSM) (the "Company") has refinanced its existing credit facility with a syndicate of banks led by Providence based RBS Citizens, and co-led by PNC Bank, Wells Fargo Bank, as Joint Book Managers and Joint Lead Arrangers. Other banks in the syndicate include: BBVA Compass, BB&T, Citibank, Fifth Third Bank, Capital One, and HSBC Bank. The previous facility that was due to expire May 31, 2017, has been replaced with the new facility that extends the expiration to August 20, 2018, improves pricing and increases the flexibility the company has to pursue its strategic objectives all while maintaining the capacity of the revolving credit facility at $300 million, plus an accordion feature of an additional $150 million. Key modifications relative to the existing facility include a reduction of the borrowing rate by 25 basis points, simplified covenants including, among others, a maximum total net debt to earnings before income tax, depreciation and amortization ratio and a minimum interest coverage ratio. The new facility also provides expanded financial flexibility to make strategic capital investments, acquisitions, divestitures and fund returns to shareholders.

"We are pleased to be able to refinance our existing credit agreement, and appreciate the significant support we have received from our existing lenders including RBS Citizens, PNC and Wells Fargo, as well as the other banks in our new syndicate, all of whom were existing lenders in our previous facility," said Joe Ragan, Chief Financial Officer of Globe Specialty Metals, Inc.

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AbgSt-freie Stücke verkauft

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going nowhere...

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erst per heutiger Buchungsmitteilung mitbekommen:

Globe Specialty Metals and Grupo FerroAtlántica Clear Regulatory Process and Complete Business Combination

New Company to be Called Ferroglobe


December 23, 2015 17:03 ET | Source: Globe Specialty Metals, Inc.

MADRID, Spain and MIAMI, Florida, Dec. 23, 2015 (GLOBE NEWSWIRE) -- Globe Specialty Metals, Inc. (NASDAQ:GSM) today announced it has completed its combination with Grupo FerroAtlántica, finalizing the creation of the new company Ferroglobe PLC. The business combination, which was first announced on February 23, 2015 was completed following receipt of all required regulatory clearances and approvals.

Ferroglobe will be among the world’s leading suppliers of silicon metal, silicon-based specialty alloys, and ferroalloys serving a customer base across the globe in dynamic and fast-growing end-markets such as solar, automotive, consumer products, construction, and energy.

“We are pleased to have successfully completed our business combination with FerroAtlántica. As Ferroglobe, we believe we will have a broader production base and increased access to new markets and products, allowing us to accelerate our growth strategies. We intend to manage our business to maximize free cash flow generation and return on investment. We expect that this, along with our uniquely conservative balance sheet, will position us to continue to deliver on exceptional growth opportunities for our shareholders,” said Alan Kestenbaum, Executive Chairman of Ferroglobe and founder of Globe Specialty Metals, Inc.

Javier López Madrid, Executive Vice Chairman of Ferroglobe and Managing Director of Grupo Villar Mir, said: “We are thrilled to have completed this business combination with Globe Specialty Metals – combined, we will be well-positioned to better serve our business in existing markets as well as develop into new, attractive downstream markets such as solar energy. In addition, we will continue to reduce our cost base and execute on synergies, allowing us to unlock significant future value for our shareholders.”

Pedro Larrea Paguaga, Chief Executive Officer of Ferroglobe and Chairman and CEO of FerroAtlántica, added: “We are excited to have reached this important milestone and look forward to bringing together our two leading companies, delivering more value for more of our customers and offering even better career opportunities for our employees.”

Ferroglobe will be listed on NASDAQ under the symbol “GSM.” The newly combined business will be headquartered in London.

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hier geht es weiter:

Thread: Ferroglobe