Sales at Royal Tencate up 22% in Q3

08 Nov '10

4 min read

•The TenCate Grass group recorded a good performance, particularly as a result of positive market trends in the United States. There is a substantial demand for newly-developed high-grade fibre types.
•The output volume of grass fibres for the first nine months rose considerably compared to 2009, which is illustrative of the increased share of the synthetic turf fibre market.
•Downstream activities (TenCate holdings in marketing and installation companies) are being more strongly integrated into the TenCate organization, with organizational measures being taken where necessary to increase market synergy. This involves initial costs.
•Consolidation is taking place in the synthetic turf sector as a result of more stringent quality requirements being made by end-users, the increased importance of R&D, the high costs of certification, requirements relating to the environment / sustainability and tight banking financing opportunities for small market participants. TenCate is playing an active role in this process.

Other activities-
•Following the turnaround, TenCate Enbi continued its good performance, partly as a result of positive developments in the global printer and copier market.
•Xennia Technology recorded strategic progress, but received insufficient deliveries of print heads. Contacts have now been made with other suppliers.

Royal Tencate

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