Sioen Industries reports total turnover gains 14.5 % to €78m
02 Feb '06
4 min read
Sioen Industries consists of three divisions: Coating, Apparel and Industrial Applications. The external net turnover figures per segment for 2005, in line with IFRS rules, are as follows:
COATING DIVISION EMB and Indicator (both produce colour pigments) have been part of the Coating division(1) since 2005. This completes its vertical and horizontal integration. We start with the extrusion of high-tenacity yarns, which are then woven into technical backing fabric and coated with a colour paste. These coated fabrics are then converted by our customers into tents, tarpaulins, pool covers, protective clothing, mattress protectors and countless other products.
The Coating division put in a particularly strong performance in the fourth quarter. The slight dip in the level of activity in the previous quarter was completely reversed, and the division succeeded in bringing the year to a close with slight growth compared with the previous year.
Sioen is the only business in the world to employ five different coating techniques, and this has clear benefits. Technical products are used in numerous industries, and the Sioen Industries Group particularly dominates in those areas where the technical specifications are the decisive factor. Accordingly the most technical product lines are the ones which account for the most growth:
- Last year, Sioen invested further in its yarn extrusion plant (production of high tenacity polyester yarns, yarns with high tensile strength and a low shrinkage factor) in order to extend its lead over its competitors still further.
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