Umicore has reported half year revenues of €1.4 billion, up 1% on the previous half year.

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 says that it is accelerating its expansion investments for cathode materials for automotive applications and will triple its capacity by 2018. In Recycling, the ramp-up of the 40% capacity expansion in the Hoboken plant has started. The company has also reached an agreement to sell its Zinc Chemicals business unit to OpenGate Capital. The transaction is expected to be closed during the second half of 2016.

This story uses material from Umicorewith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.