Fiberweb sees higher costs hurting H1 profit

British non-woven fabrics maker Fiberweb Plc said it expected first-half profit to be hurt by higher raw material costs, but remained confident of making progress in the second half as it increases prices. Also, the company has said it would look for small deals in Western Europe and North America to expand its geotextiles, agricultural fabrics and filtration businesses. Fiberweb operates 16 production sites in eight countries.