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Birmingham Post
Birmingham Post
Business
Tom Keighley

Hargreaves Services hails improved German joint venture performance

Hargreaves County Durham

Investors in property and industrial supply group Hargreaves Services have been told its German joint venture expects to contribute an extra £5m to overall profits.

In a trading update the County Durham firm said rising commodity prices - including pig iron and zinc - were helping the Duisburg-based joint venture Hargreaves Raw Materials Services GmbH (HRMS) and its subsidiary, DK Recycling und Roheisen GmbH.

Bosses at the joint venture said they were confident of visibility across the remainder of the financial year and that HRMS would boost the overall group's performance.

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