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.