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Imerys Q2 profit rises 88%

July 30, 2010 - 00:00 GMT

KEYWORDS: Imerys , ceramics , refractories , foundry minerals , monolithics

Upturn in refractories, abrasives, graphite demand boosts results for French group

 

In the first half, Imerys’ CRAF business group increased profits more than four-fold to €66.9m., with stronger sales driven my inventory rebuilding.Refractory minerals, graphite and fused minerals – particularly abrasives – benefited from an upturn in demand from the steel, industrial equipment and automotive sectors from inventory rebuilding.Imerys said demand from ceramics markets grew only slightly, with no significant uptick from the construction sector in developed countries, but the business won new contracts in emerging economies.First half profit in performance and filtration minerals more than...

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