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Heraeus posts record turnover

German precious metal and technology company Heraeus Holding GmbH (Hanau) posted the highest results in its 150 year history in 2000. Group turnover was Euro 8 billion (+75%), according to chairman Ho…

German precious metal and technology company Heraeus Holding GmbH (Hanau) posted the highest results in its 150 year history in 2000. Group turnover was Euro 8 billion (+75%), according to chairman Horst Heidsieck. Excluding the price increase in precious metals, turnover still grew by 24%, with all areas, excluding only medical technology, contributing to the rise in turnover. Ordinary operating profit was Euro 222 million (+53%). Heidsieck sees growth potential in the quarz glass business. Sector experts forecast a doubling of the market for synthetic quartz glass tubes which are used to produce optical fibres required to transfer optical data. To cover investment needs Heraeus has hived off this division and set up a joint stock company called Heraeus Tenevo AG.

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