GrafTech Overview
GrafTech International Ltd. stands as a prominent producer of graphite electrodes and petroleum coke, both of which play a pivotal role in the manufacturing of steel and other metals through electric arc furnaces. The firm's main office is located in Brooklyn Heights, Ohio, and it boasts production plants in various locations including Calais, France; Pamplona, Spain; Monterrey, Mexico; and St. Marys, Pennsylvania.
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Historical Background
The inception of the company can be traced back to its founding as the National Carbon Company. Over the years, it underwent several acquisitions, notably by Union Carbide, which rebranded it as the Carbon Products Division.
In its early years, the firm made significant advancements, like the introduction of the first-ever 12-inch diameter graphite electrodes.
The company gained recognition when it won an Academy Award for the creation and supply of a highly efficient yellow flame carbon used in color cinematography.
Between the 1970s and 1980s, GrafTech was acknowledged for developing high-performance carbon fibers, which eventually earned a National Historic Chemical Landmark designation.
In the following years, the company focused on innovative materials, such as carbon/carbon composites for space applications.
After a rebranding to UCAR Carbon Company, the firm achieved a major milestone by launching the first 30-inch diameter graphite electrodes geared for UHP DC arc furnaces.
The firm was later listed as a public entity and underwent several important acquisitions, including the purchase of Seadrift Coke LP and C/G Electrodes LLC and expanded its portfolio to include advanced carbon compliance.
Furthermore, the company instituted a shift of focus by divesting its NeoGraf and Advanced Graphite Materials divisions, thereby reinforcing its core businesses in graphite electrodes and petroleum coke.
In April 2023, GrafTech transitioned back to being a publicly traded company with an IPO.
Controversies
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The firm faced legal challenges in 2023, stemming from allegations of stock price manipulation, leading to a significant settlement. Subsequent fines from both the U.S Department of Justice and the European Commission emerged due to participation in an international price-fixing scheme that involved several market players.
Leading Graphite Electrode Manufacturers
Graphite electrodes, primarily formed from needle coke, are essential components in the steel-making process conducted via electric arc furnaces (EAFs). The global market for graphite electrodes has shown impressive growth, with a projection to blossom significantly over the coming years.
The global graphite electrode market is currently valued at approximately USD 9.13 billion, with predictions to rise to USD 16.48 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.78% during the forecast period.
Increased demand for steel across various sectors, particularly construction and automotive, is expected to accelerate the growth of the graphite electrode market. The Asia-Pacific region presently dominates, accounting for over 70% of the market share, primarily due to the robust production and consumption capacities in China and India.
China's long-term availability of scrap metal, along with enhanced EAF production capabilities, is a significant factor driving market expansion.
Brandessence Market Research has identified the Top 5 Graphite Electrodes Companies In 2023:
GrafTech International, established in 1886 and located in Brooklyn Heights, is renowned for its expertise in graphite electrodes and needle coke, employing around 1,387 individuals and generating annual revenue of approximately $1 billion.
SGL Carbon, founded in 1871, is headquartered in Wiesbaden, Hessen, specializing in carbon fibers and composites, among other applications, with about $1 billion in annual revenue and a sizable workforce.
Showa Denko America, operating since 1922 and based in New York, deals widely in chemicals and advanced battery materials, generating about $9 billion in revenue.
Nippon Kornmeyer Carbon Group
The Nippon Kornmeyer Carbon Group, established in 1949 and located in Windhagen, specializes in high-temperature solutions and has a workforce of 614, achieving a revenue of $435 million.
Jilin Carbon Co., Ltd
Founded in 1949 and based in Jilin, Jilin Carbon focuses on carbon product marketing with an annual revenue of approximately $1 million.
Advantages of Global Graphite Electrodes Market Reports include:
In-depth historical and forecast analyses, comprehensive insights regarding market drivers, restraints, competitive environment, and regional segmentation facilitate the identification of opportunities within the marketplace.
For additional inquiries or information on Uhp, Hp, Rp Grade Graphite Electrodes Manufacturer, do not hesitate to reach out to us.
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