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Completion of Sale to Fortune 500 Commodity Group Cedar Holdings

Date:

Stemcor Global Holdings Ltd, a privately held, leading global steel trading and distribution company, is pleased to announce completion of the acquisition of the entire share capital of the Group by Cedar Holdings Group Co Ltd, ("Cedar"), a leading privately-owned commodities business listed on the Fortune Global 500.

2019 Full Year Results

Date:
Location:
London

London, 19th June 2020: Stemcor Global Holdings Ltd, a privately held, leading global steel trading and distribution business, is pleased to report financial results for the year to 31 December 2019. The results highlight the Group’s ability to deliver a solid profitable trading performance in a challenging global economic environment.

Purchase of Stemcor Group by Cedar Holdings

Date:
Location:
Davos

Stemcor Global Holdings Ltd, a privately held, leading global steel trading and distribution company, is pleased to announce that a Sales and Purchase Agreement (“SPA”) has been agreed that will see the entire share capital of the Group purchased by Cedar Holdings Group Co Ltd, (“Cedar”), a leading privately-owned commodities business, founded and headquartered in Guangzhou, China, and listed on the Fortune Global 500.

Top Track 100 2019

Stemcor Global Holdings, a privately held, leading global steel trading and distribution business, is pleased to report its inclusion, once again, in the annual Sunday Times HSBC Top Track 100 List of private UK companies.

The Top Track 100 league table ranks Britain’s biggest private companies by latest sales. Stemcor was placed 40th overall in the latest ranking.

For the full year to end-December 2018, Stemcor’s total revenue from core businesses increased 10% to US$1.927bn, from US$1.757bn a year earlier.

Read the full Sunday Times HSBC Top Track 100 report

2018 Full Year Results

Date:
Location:
London

London, 13 May 2019: Stemcor Global Holdings Ltd, is pleased to report financial results for the year to 31 December 2018. The results highlight a strong improvement in profitability through revenue growth, a reduction in overheads and the implementation of extensive new lower cost financing facilities.

Top Track 100 2018

Stemcor Global Holdings, a privately held, leading global steel trading and distribution business, is pleased to report its inclusion in the annual Sunday Times HSBC Top Track 100 List of private UK companies.

The Top Track 100 league table ranks Britain’s biggest private companies by latest sales. Stemcor gained three places in the latest list from 37th to 33rd overall.

For the full year to end-December 2017, Stemcor’s total revenue increased 8% to US$2.11bn, from US$1.96bn a year earlier.

Read the full Sunday Times HSBC Top Track 100 report

2017 accounts

Date:
Location:
London

Stemcor Global Holdings, a privately held, leading global steel trading and distribution business, is pleased to report financial results for the year to 31 December 2017. The results highlight continued positive operating results, a turnaround in market conditions and Stemcor returning to consolidated Group profit for the first time since a major restructuring was undertaken in 2015.

STEMCOR

STEMCOR, part of Cedar Global Holdings Group Ltd, is a leading, independently run, service provider for the steel industry. We play a vital role by acting as an intermediary between suppliers and customers.

Contact

STEMCOR
Address:
Stemcor Global Holdings Ltd 28 Esplanade St Helier JE2 3QA Jersey
Phone:
+44 (0)20 7775 3600
Fax:
+44 (0)20 7775 3679