Protective fabrics one bright spot for TenCate
Netherlands-based Royal Ten Cate has had a difficult start to the year, with second-quarter profits down 26% compared with the second quarter of 2008.
Second-quarter sales fell 24% compared with the second quarter last year to approximately €230 million. Sales for the first half of the year totalled around €430 million (-15%).
Despite this, the company claims sales of protective fabrics have risen sharply and it is optimistic about the future of its protective fabrics business.