Sioen Industries reports total turnover gains 14.5 % to €78m
02 Feb '06
4 min read
To mitigate the effects of this additional cost as far as possible, the group is making ongoing efforts in the area of efficiency increases and cost savings. Thus at the French subsidiary Saint Frères Enduction, a new, modern coating line has been installed. The new technologies also provide opportunities for the textile architecture and advertising banners product lines.
PPAREL DIVISION No changes were made to this division's structure. The Apparel division is the market leader in industrial protective wear and outdoor and recreational clothing based on technical fabrics. The division boasts many years' experience in design, production and sales, energetic R&D and sophisticated production equipment.
The diversity of the product range and the focus on product technicity are also bearing fruit in this division. In niche markets for high-quality protective clothing such as bulletproof vests, driving suits and cutting-edge military clothing, Sioen is an established name.
Important customers include service businesses, police forces and the military. Here too, extremely strict technical requirements are set which the protective clothing must meet. In order to offer a complete array of products, Sioen supplements its high-quality range with a number of low-end products from the Far East.
Thanks to this approach, turnover continued to develop positively during the fourth quarter, from sales in both the European markets and via the group's Indonesian offshoots. In total, turnover grew by 14.5 percent to €78m. The operational cash flow (EBITDA) over the past year will come to approximately 7 percent, compared with 8% the previous year.
Belgium based Sioen Industries is a multi-national group active in textiles, fine chemicals and protective apparel.
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