Copying and distributing are prohibited without permission of the publisher

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: Glenstrata still has to break the mould

    The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

  • APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

    Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.

  • Raising fees could imperil LME date structure: a broker writes

    The London Metal Exchange plans to introduce a fee for client trades from March. The proposal has aroused some opposition, and prompted one broker to write to Metal Bulletin, requesting anonymity. Here he outlines his concerns. How justified are they? Email aharrison@metalbulletin.com, or tweet @aharrison_mb

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals