Tessenderlo divisions grew by 20% compared to the same period last year

Strong performances in Tessenderlo’s two plastics divisions have helped the company to boost third-quarter profits. Its PVC and compounds division reported a 41% increase in turnover for the quarter, while the plastics converting division saw sales rise by nearly 9% in the same period. Taken together, this is E246m – an increase of 20%.

Total growth for the two divisions for the first nine months of the year is now nearly 18%, compared with the same period in 2003. Tessenderlo said that the improved performance “stems primarily from the increase in PVC sale prices and margins”. It added that year-end results were likely to show “marked improvement” on 2003.

Group pre-tax profit for the first nine months of the year is now E51.4m, a 31% improvement on 2003.