Last $19.71 USD
Change Today -0.75 / -3.67%
Volume 265.3K
GSM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

600 Brickell Avenue

Suite 1500

Miami, FL 33131

United States

Phone: 786-509-6900

Fax:

Globe Specialty Metals, Inc., together with its subsidiaries, is engaged in the production and sale of silicon metal and silicon-based alloys in the United States, Argentina, Canada, China, and Poland. The company’s subsidiaries include Globe Metallurgical, Inc. (GMI); Metales S.A. (Globe Metales); Camargo Correa Metais S.A. (CCM); Solsil, Inc. (Solsil); Ningxia Yonvey Coal Industrial Co., Ltd (Yonvey); Core Metals Group Holdings LLC (Core Metals); and Silicon Technology (Pty) Ltd. Segments The company operates through GMI, Globe Metales, Solsil, and Other segments. GMI: This segment operates six principal production facilities in the United States located in Beverly, Ohio, Alloy, West Virginia, Selma, Alabama, Niagara Falls, New York and Bridgeport, Alabama and one production facility in Canada located in Becancour, Quebec. It also operates coal mines and coal preparation plants in Kentucky and open-pit quartzite mines in Alabama. Globe Metales: This segment operates a production facility in Mendoza, Argentina and a cored-wire fabrication facility in San Luis, Argentina. It specializes in producing silicon-based alloy products, either in lump form or in cored-wire, a delivery method preferred by manufacturers of steel, ductile iron, machine and auto parts and industrial pipe. Solsil: This segment develops technology to produce upgraded metallurgical grade silicon metal (UMG) manufactured through a proprietary metallurgical process, which is primarily used in silicon-based photovoltaic (solar) cells. This segment is focused on research and development projects. Other Yonvey: Yonvey produces carbon electrodes, an important input in production process, at a production facility in Shizuishan in the Ningxia Hui Autonomous Region of China. The company holds a 98% ownership interest in Yonvey. Ultracore Polska Sp.z.o.o (UCP): UCP produces cored-wire silicon-based alloy products. Silicon Technology (Pty) Ltd. (Siltech): Siltech is a silicon-based alloy producer with a facility located in the village of Ballengeich, South Africa. The company acquired Becancour Silicon Metal Inc.'s (BSI) 51% equity interest in Quebec Silicon Limited Partnership. The company operates Quebec Silicon Limited Partnership’s silicon metal plant located in Becancour, Quebec with its joint venture partner Dow Corning. Products Silicon Metal: The company produces specialty-grade silicon metal. It produces the majority of this silicon metal for three industries, such as the aluminum industry, the chemical industry, and polysilicon producers in the photovoltaic (solar)/semiconductor industry. It also develops its technology to produce upgraded metallurgical grade silicon metal for photovoltaic (solar) applications. The company markets to primary aluminum producers who require silicon metal with certain requirements for use as an alloy, as well as to the secondary aluminum industry. Silicon-Based Alloy Products The company makes ferrosilicon by combining silicon dioxide (quartzite) with iron in the form of scrap steel and iron oxides. Its silicon-based alloy products can be divided into four general categories: ferrosilicon, magnesium-ferrosilicon-based alloys, ferrosilicon-based alloys, and calcium silicon. By-Products: The company captures, recycles, and sells the by-products generated in its production processes. This dust-like material, collected in air filtration systems, is sold to end users or to companies that process, package and market it for use as a concrete additive, refractory material or oil well conditioner. Business Strategy The company’s business strategy includes the following: focus on core businesses; maintain low cost position while controlling inputs; and focus on financial metrics and conservative balance sheet. Suppliers Alden Resources provides a long-term supply of low ash metallurgical grade coal supplying a substantial portion of the company’s requirements to its operations in the U.S. and Canada. Customers Dow Corning Corporation represented approximately 18% of the company’s revenues, as of June 30, 2014. Sales and Marketing The company’s silicon metal and silicon-based alloys are sold to a diverse base of customers worldwide. Its products are sold directly by own sales staff located in Buenos Aires, Argentina, Police, Poland, and at various locations in the United States and Canada. In addition to direct sales force, the company sells through distributors in various U.S. regions, Canada, Southern and Northern Mexico, Australia, South America and Europe. Competition The company’s primary competitors are Elkem AS, owned by China National Bluestar Group Co. Ltd., and Grupo FerroAtlantica, S.A. In addition, the company also faces competition from other companies, such as, Rima Industrial SA and Ligas de Alumino SA. History Globe Specialty Metals, Inc. was founded in 2004. The company was incorporated in 2004 pursuant to the laws of the state of Delaware. It was formerly known as International Metal Enterprises, Inc. and changed its name to Globe Specialty Metals, Inc. in 2006.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GSM:US $19.71 USD -0.75

GSM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bodycote PLC 683.50 GBp -15.00
HudBay Minerals Inc C$9.64 CAD -0.29
Lundin Mining Corp C$5.50 CAD -0.04
Pfeiffer Vacuum Technology AG €67.45 EUR +0.18
RTI International Metals Inc $25.99 USD -0.50
View Industry Companies
 

Industry Analysis

GSM

Industry Average

Valuation GSM Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 3.5x
Price/Cash Flow 104.7x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GLOBE SPECIALTY METALS INC, please visit www.glbsm.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.