Fiberweb confident after solid start

StockMarketWire reports that Fiberweb has made a solid start to 2011 with volumes up 4%. Chairman Malcolm Coster said the firm had seen strong trading in its European industrial business but that the construction market remains challenging in North America. He added that the acquisition of Boddingtons and the formation of a core Fiberweb Geosynthetics unit was progressing well and is on-track to deliver annualised cost synergies of more than 1 million pounds.