TenCate reports a net profit growth of 47% in the third quarter
Published on 11 November 2010
Despite the shortages, increased raw material costs, pressure on margins and integration costs at synthetic turf companies related to TenCate (downstream activities), profit growth amounted to 47%.
Loek de Vries, President and CEO of TenCate: ‘Sales in the third quarter are at approximately the same level as recorded in the top year 2008. A significant rise in sales is also expected in the fourth quarter, in view of the strong growth in industrial protective fabrics (TenCate Tecasafe™ Plus), the increasing demand for TenCate Defender™ M products and an improved outlook for aerospace composites.
Despite shortages and price rises in raw materials (fibres) as well as pressure on margins and integration costs at synthetic turf companies related to TenCate (downstream activities), profit growth amounted to 47%.
Highlights of third quarter of 2010:
The close relationship with strategic market participants has led to an increased market share in synthetic turf fibres. These parties are enabling TenCate to strengthen its position in end markets and to make a positive contribution to quality improvements at system level.’
View all news from
Browse News by