TenCate Net Profit Up 92%

The Netherlands-based Royal Ten Cate has announced a net profit increase of 92% in 2010. The Geosynthetics and Grass sector played a substantial role, with EBITA having increased by 87%. With its Georgia-based American opertaions leading the way, the company reports seeing recovery in the American geosynthetics market, which in terms of size is Ten Cate’s most important. In its release, Ten Cate notes that, “The improvement resulted from an increase in the number of infrastructure projects and intensive targeting of the South American market. Sales in the Asian geosynthetics market continued to grow (autonomous+7%). In Europe sales remained stable, although the number of infrastructure projects declined.” Read more.