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Low & Bonar Technical Textiles Division operating profit rise in 2006
20 Feb '07
2 min read
"Our focus remains on driving value creation for shareholders through profitable cash generative growth, both from existing businesses and new acquisitions. We are well positioned in diverse market places and have, thanks to a successful debt and equity fund raising exercise, a strong balance sheet to take advantage of opportunities as they arise."
Paul Forman, Chief Executive commented:
"This has been an extremely busy year and one with a number of significant achievements. Both the Floors and Technical Textiles businesses have achieved growth in profit whilst the acquisition of Colbond has provided a step change in the size and market position of the Group. While raw material costs remain high, we expect that further supplier production capacity being installed globally next year will finally put some downward pressure on our input costs."
Paul Forman, Chief Executive commented:
"This has been an extremely busy year and one with a number of significant achievements. Both the Floors and Technical Textiles businesses have achieved growth in profit whilst the acquisition of Colbond has provided a step change in the size and market position of the Group. While raw material costs remain high, we expect that further supplier production capacity being installed globally next year will finally put some downward pressure on our input costs."
Low & Bonar PLC, UK
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