Sibelco Market Research Report
Company Overview
Name, Mission of the Company
- Name: Sibelco
- Mission: Material solutions advancing life. Sibelco's products help to build homes, cities, and vehicles; support the supply of renewable energy, food, and clean water; and create technologies such as smartphone display screens, printed circuit boards, and semiconductors.
When was the Company Founded and by Whom
- Founded: 1872
- Founder: No information is available
Key People in the Company
- Chairman of the Board: Paul Depuydt
- CEO: Hilmar Rode
- Chief Legal Officer: Sandrine Besnard-Corblet
- Chief Human Resources Officer: Laura Elisabeth Janse
- Chief Financial Officer: Frédéric Deslypere
- EVP APAC: Ian Sedgman
- EVP North America and Chief Commercial Officer: Paolo Gennari
- EVP Europe and Chief Industrial Officer: Solomon Baumgartner
- EVP Commercial HPQ & South America: Jair Amorim Rangel
Where is the Company Headquartered
- Headquarters: No information is available
Number of Employees
- Employees: 4683
Revenue of the Company
- Revenue (2023): EUR 1,078 million
What is the Company Known For
- Sibelco is known for mining, processing, and selling industrial minerals at locations worldwide, with a primary focus on silica, clays, feldspathics, and olivine. They are also leaders in glass recycling.
Products
What Products Do They Offer
- High Purity Quartz
- Nepheline Syenite
- Kaolin
- Baryte
- Feldspar
High-Level Description of the Products
- High Purity Quartz: Used for high-tech applications such as semiconductors, solar technology, and telecommunications.
- Nepheline Syenite: Utilized in glass and ceramics manufacturing as a substitute for feldspar.
- Kaolin: An important ingredient in paper production and is used in ceramics, plastics, rubber, and paint.
- Baryte: Mainly used in the oil and gas industry for drilling mud.
- Feldspar: Utilized in ceramics and glassmaking industries.
Key Features of Each of the Products
- High Purity Quartz: Exceptional purity and high performance for demanding applications.
- Nepheline Syenite: Low iron content, improves the quality and durability of glass and ceramics.
- Kaolin: High whiteness, fine particle size, and good plasticity.
- Baryte: High density, chemically inert.
- Feldspar: High alumina content, promotes fusibility in ceramics and glass.
Recent Developments
Recent Developments in the Company
- Aug 2024: Delivered another strong performance despite challenging conditions across many European markets.
- Jul 2024: Completed the acquisition of Strategic Materials, Inc., North America’s largest glass recycler.
- Jan-Feb 2024: Launched a conditional voluntary public offer to buy back own shares. Successfully bought back 88,989 shares, representing 18.93% of the outstanding shares.
New Products Launched
- No information about new products launched is available
New Features Added to Existing Products
- No information about new features added to existing products is available
Any New Partnerships
- Jul 2024: Formed partnerships under the Blue Deal and Green Deal initiatives, involving various governmental and research organizations concentrating on water buffering and nature conservation.
- Jun 2024: Continued significant progress with the USD 200 million project to double installed capacity at its High Purity Quartz (HPQ) operation in Spruce Pine (USA).
Additional Key Notes
- Sustainable Initiatives: Sibelco is involved in various sustainability projects, including the Wildlife Habitat Council Conservation Certification, and actively contributes to 11 of the 17 United Nations’ Sustainable Development Goals.
- Strong Financial Position: Successfully issued a EUR 500 million six-year bond, providing additional diversity to the funding portfolio.
- Community and Employee Engagement: Sibelco maintains biodiversity programs and volunteer-led community projects.
This concise yet comprehensive market research report outlines the essential information and recent developments pertinent to Sibelco, giving a significant overview needed for stakeholders and potential investors.
