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Economic conditions depress Sioen's results for the year
05 Jan '09
1 min read
The excellent third-quarter results of Sioen Industries heralded fresh growth, but this forecast has had to be adjusted. Economic reality impels us to adjust our expectations. Current market onditions will depress our results for the last quarter.
Sioen has already taken the necessary steps to ensure profitability (Belgium's unique ability to reduce the workforce at short notice on economic grounds, restructuring and ongoing measures to reduce costs).
At the same time, we are focusing even more on developing new products and markets in order to ensure our future growth, says Ms Michèle Sioen (CEO).
Sioen Industries is the world market leader in coated technical textiles, market leader in technical protective apparel, a niche specialist in fine chemicals and one of the biggest global players in the processing of technical textiles into semi-finished and technical end products.
Sioen has already taken the necessary steps to ensure profitability (Belgium's unique ability to reduce the workforce at short notice on economic grounds, restructuring and ongoing measures to reduce costs).
At the same time, we are focusing even more on developing new products and markets in order to ensure our future growth, says Ms Michèle Sioen (CEO).
Sioen Industries is the world market leader in coated technical textiles, market leader in technical protective apparel, a niche specialist in fine chemicals and one of the biggest global players in the processing of technical textiles into semi-finished and technical end products.
Sioen Industries
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