PIE-TICKER
Recticel profit warning cites delays, higher feedstocks
Europe's largest polyurethanes processor Recticel (www.recticel.com), Brussels / Belgium, has issued a profit warning for 2004 due to delays to contracts with Mercedes Benz and General Motors in the US and a EUR 18m increase in the cost of its raw materials - mostly MDI, TDI and polyols - in the second half. The group recently started up a plant in eastern Germany to manufacture interior trim for the new VW Passat. The unit, which will employ 150 at full production, uses Recticel's "Colofast Spray" technology for spray casting PU skin materials for dashboards and door panels.
02.03.2005 Plasteurope.com [11543]
Published on 02.03.2005