Zotefoams sitting very comfortably

21st Dec 2010 07:40

Zotefoams remains on course for a 20% lift in sales this year after fourth quarter revenues rose 7% driven by a surge at the high peformance end of its business.Profit before tax and exceptional items for 2010 will be in line with market expectations, the foam maker added. "Overall sales growth for the year is expected to exceed 20%. Our Azote product range has seen strong sales growth across all major geographic markets, particularly in Asia," the statement said. "High performance segment sales are expected to be approximately 50% above 2009 levels, while prices for LDPE, our major raw material, have remained relatively stable during the second half of 2010," it added.