According to the company, strong growth in Automotive Catalysts and Rechargeable Battery Materials offset the impact of lower metal prices on the various recycling activities.
‘Umicore is well on track to reach its Horizon 2020 objectives,’ the company said in a press release. ‘Umicore's clean mobility activities are expected to deliver solid growth in 2017. Strong demand for Umicore's cathode materials for automotive applications should drive volumes in 2017 with volume growth expected to be more pronounced in the second half of the year when new capacity will gradually come on stream. Although no major new emission norms will be introduced in 2017, demand for automotive catalysts is also set to grow.
‘In the recycling activities, the ramp up of capacity in the Hoboken plant should lead to higher processed volumes compared to 2016. As anticipated, the incremental volumes are likely to be somewhat less beneficial in terms of margins.’
This story is reprinted from material from Umicore, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.