TenCate expects progress strong revenue growth TenCate Defender(TM) M products
(Thomson Reuters ONE) -
· US Congress extends waiver under US Berry Amendment until 2015
TenCate Protective Fabrics USA has achieved a turnover of TenCate Defender(TM) M
products in the fourth quarter of 2010 in conformity with the forecast
(approximately US$ 60 million). This means more than a doubling compared to the
same period in 2009. TenCate expects this development to continue at least until
the third quarter of 2011. Sales regarding protective fabrics for the US
Military in the first quarter of this year will be at about the same level as in
the fourth quarter of 2010.
The United States National Defense Authorization Act for Fiscal Year 2011 (H.R.
6523) was signed into law by the US Congress on January 7, 2011. This bill
includes additional extension until 2015 of the existing waiver under the US
Berry Amendment as regards the import of flame-resistant (FR) rayon fibers in
the United States. The original exemption would expire in 2013. The US Berry
Amendment requires the US Department of Defense to procure textile, food, and
specialty metal products that are manufactured in the United States, including
fiber raw materials.
The TenCate Defender(TM) M product portfolio of TenCate Protective Fabrics USA
in Union City (Georgia, USA) uses a blend of fibers, which includes FR rayon
fibers from Lenzing AG of Austria. The flame-resistant fabrics thus produced for
the US military uniforms are entirely produced in the United States. Herewith
TenCate Protective Fabrics USA has created about 10,000 American jobs. A large
number of American suppliers is involved in this production.
The new waiver underlines the strategic importance of this fiber to meet the
demand for high quality flame-resistant fabrics for American uniforms, which
offer US soldiers maximum protection. Moreover, this extended waiver is
important for the US textile industry for being capable of delivering
substantial volumes with a high degree of reliability.
Royal Ten Cate
Almelo, the Netherlands, Wednesday 12 January 2011
For further information:
Royal Ten Cate
Frank Spaan, Director, Corporate Development & Investor Relations
Telephone : +31 546 544 977
Mobile : +31 612 961 724
E-mail :f.spaan(at)tencate.com
Internet :www.tencate.com
TenCate Protective Fabrics develops and produces protective and safety fabrics
for industry, the service industry, fire fighting and defence. TenCate
Protective Fabrics has production facilities in Europe, Asia and North America.
Royal Ten Cate (TenCate) is a multinational company that combines textile
technology, chemical processes and material technology in the development and
production of functional materials with distinctive characteristics. TenCate
products are sold worldwide.
Systems and materials from TenCate come under four areas of application: safety
& protection; space and aerospace; infrastructure & the environment; sport and
recreation. TenCate occupies leading positions in safety fabrics, composites for
space and aerospace, advanced armour, geosynthetics and synthetic turf. TenCate
is listed on NYSE Euronext (AMX).
Press release as PDF:
http://hugin.info/130798/R/1479053/414775.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Koninklijke Ten Cate NV via Thomson Reuters ONE
[HUG#1479053]
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 50379
Anzahl Zeichen: 4131
contact information:
Town:
Almelo
Kategorie:
Business News
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"TenCate expects progress strong revenue growth TenCate Defender(TM) M products"
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