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TenCate 3Q12 results: Defender M sales down in US military, but increases seen in oil/gas industry and emergency response market

results from TenCate technical textiles division:

Advanced Textiles & Composites 

  • Sales of TenCate Defender™ M remained at a very low level, partly due to the destocking effects at the US military.
  • Sales of protective fabrics in the industrial market (in particular the oil & gas industry) and the emergency response market (fire-fighting) increased.
  • Sales in the armour composites market in the US and Europe were sluggish and there was a delay in project orders.
  • The combined revenues of Space / Aerospace and Industrial Composites increased (in part due to the acquisition of PMC Baycomp).
  • The operating result of the Advanced Textiles & Composites sector fell sharply, as a result of the low level of sales, particularly in (US) defence markets.
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