Calgon Carbon Corporation
) announced that its wholly owned subsidiary, Calgon Carbon Japan
has won a contract to supply about 5.3 million pounds of activated
carbon to BlueScope Steel in Australia for removal of sulfur oxide
(SOx) and nitrogen oxide (NOx) from exhaust gases at one of its
steel manufacturing facilities. The companies did not disclose the
terms of the deal.
The process of removing sulfur dioxide and nitrogen dioxide
involves absorption and catalytic functionality of an activated
carbon specifically designed for this application and is known as
DeSOx/DeNOx. The activated carbon is regenerated, and this process
can also recover SOx as sulfuric acid.
The delivery of activated carbon to BlueScope Steel's Port Kembla,
New South Wales, Australia facility is expected to begin
immediately and continue till 2013. Blue Scope Steel is a leading
steel company in Australia and New Zealand, supplying a large
percentage of all flat steel products.
Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon
Corporation is a global leader in services and solutions for making
safe and clean water and air. The company released its second
quarter 2012 results in the last month. The company's earnings of
19 cents a share for the quarter trailed the Zacks Consensus
Estimate as well as the year-ago earnings by a penny. The company
reported a 3.5% year-over-year decline in profits to $10.9 million
in the quarter as higher costs more than offset top-line
Revenues climbed 9.7% year over year to $148.4 million, beating
the Zacks Consensus Estimate of $147.0 million. Currency
translation had a negative impact of $3.1 million on sales, due to
strengthening of dollar.
The company, which competes with
), retains a Zacks #3 Rank, which translates into a short-term Hold
rating. We currently have a long-term Neutral recommendation on the
shares of Calgon Carbon.
CALGON CARBON (CCC): Free Stock Analysis Report
MEADWESTVACO CP (MWV): Free Stock Analysis
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