The Netherlands-based Royal Ten Cate has released its latest profit information. Sales are down from 2008, due to the global economic situation; and the Geosynthetics and Grass Division has been hit hard. But the US-based geosynthetics operation has adjusted costs and market position since 2007 (when the market began to erode quickly in the US) and is poised for the next upward swing. The synthetic turf operations, which are dealing in a market that has yet to mature, have been more exposed to riskier credit partners so are now adjusting to work in more secure projects. All in all, for a difficult time, Ten Cate’s global business is doing well and shows strong potential for when economic conditions improve.

RELATED ARTICLESMORE FROM AUTHOR