Home / Knowledge / News / Textiles / TenCate sees a positive operational trend in 2010
TenCate sees a positive operational trend in 2010
08
Mar '11
TenCate announced net profit up 92% to € 46.0 million in 2010 year.

Loek de Vries, Chairman of the Executive Board and CEO: 'In 2010 TenCate achieved an autonomous growth in sales of 10%, in an uncertain economic climate. There is a positive operational trend, partly in view of the quality of the composition of the profit.

The TenCate companies in the Netherlands also made a positive contribution as a result of a successful restructuring process. Production costs were reduced and a greater focus was brought to bear on the composition of the product portfolio.

The results for 2010 form a good basis for the continuation of this growth.

Performance by sector

Advanced Textiles & Composites Sector

The autonomous increase in sales in 2010 amounted to 6% (currency effect +4%; acquisitions / divestments +3%). EBITA rose in 2010 on an autonomous basis by 27% (currency effect +6%; acquisitions / divestments +5%). This increase can mainly be attributed to the strong contribution of the American composites companies and of TenCate Protective Fabrics USA. The Dutch TenCate companies also showed a marked improvement in their results.

The contribution of TenCate Protective Fabrics USA is substantial, as a result of sharply increased sales in the second half of the year. TenCate Defender™ M is the standard fire-resistant protection of the American military in Iraq and Afghanistan. The lifting of import restrictions for foreign fibres into the United States (Berry Amendment) has recently been extended to 2015.

In addition to the defence market, the industrial market also showed an increase in sales, in part as a result of an increased market share. The excellent position of the newly developed product portfolio (including TenCate Tecasafe™ Plus) will ensure that we can respond successfully to the needs of the market.

As from the second half of the year, there was an increase in sales within the TenCate Space & Aerospace Composites market group resulting from the resumption of production of new types of aircraft (mainly Airbus A380).

The European armour market was cautious, partly as a result of tight budgetary conditions in public sector bodies. In the American armour market, by contrast, TenCate was involved in a number of projects (Stryker, FMTV, MRAP programme).

The acquired company AML UK, which was integrated into the European TenCate Advanced Armour group, strengthened the market position and put in a good performance.

TenCate signed a collaboration agreement for the patent development of the Active Blast Defence System (ABDS™), as well as the right to acquire a majority interest in a company that is to be formed for marketing this concept. The concept offers improved protection of military vehicles against roadside bombs and has considerable market potential. At the end of 2010 a demonstrator was built for this, which showed the successful operation of the principle.

Click here for more details

Royal Ten Cate


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X