Revenue growth in catalysis was driven by the sales of catalysts for heavy duty diesel applications, while energy materials’ growth was primarily due to higher revenues in the cobalt & specialty materials activities. 

Revenues in performance materials were 4% lower mainly due to lower activity in the European construction sector, while recycling revenues were up as a result of higher processed volumes. The investments made in the Hoboken recycling plant during the summer were completed successfully and the throughput at the plant has been increased.

Zinc chemicals revenues were higher year on year and sales volumes of fine zinc powders continued to grow partly due to higher sales for chemical applications and also good demand from customers in Asia. The additional zincpowder capacity in Malaysia is now operating at full capacity, Umicore said.

Carbide sales

Overall volumes benefited from the company’s Element Six Abrasives’ investments in innovation and the refocusing of its product portfolio on customized high-end solutions. Demand for products for oil & gas-drilling and precision machining, mainly used in the automotive and aerospace industries, reflected market share gains in fairly stable markets. Sales of carbide wear parts and road products picked up in the quarter after a difficult first half of the year.