Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • MPOB develops palm oil polyol
      BPCL Polyol project in doubt
      Japan's lacklustre PU production continued in November 2020
      PU prevents freezing damage to railway tunnels
    • World automotive registrations recover in H2 2020
      Mlily to increase US market share following anti-dumping duties
      US footwear imports up 25% in November 2020
      Introducing UTECH Southeast Asia 2022
    • Wheat waste transformed into PU foam
      EC approves Kingspan's TeraSteel and Wetterbest purchases
      BTC Europe to distribute BASF’s polyurethane ingredients
      World automotive registrations recover in H2 2020
    • BPCL Polyol project in doubt
      PPG buys polyurea company Versaflex
      Recticel buys FoamPartner
      Recticel upgrades Q3 outlook despite raw material tightness
    • BPCL Polyol project in doubt
      Huafon estimates 2020 profit will be up to 40% higher than 2019
      Mlily to increase US market share following anti-dumping duties
      Stellar Q4 performance saves Wanhua 2020 earnings
    • World automotive registrations recover in H2 2020
      Car sales down 25% in Western Europe in 2020
      Patchy coronavirus effects hit global car sales in November
      November continues fall in Western Europe's car sales
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
      Persistence pays off for CTM
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
July 17, 2009 12:00 AM

Coal business remains good for Fenner

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Hull, UK -- Conveyor belting group Fenner plc said in an interim statement that it continues to see "robust performances," in its coal-related businesses, which represent the majority of the group's conveyor belting division.

    But tighter customers' budgets, means Fenner is seeing "a temporary slowing of order patterns following the strong demand flows in the early part of the year." Despite this, its order books remain at a level sufficient to give reasonable forward visibility at most operating units.

    Fenner said it recently commissioned a new steel cord facility in Western Australia on time and to budget, and added that in North America the UK-headquartered group's recent investment has begun to deliver the planned operational efficiencies.

    Fenner's industrial businesses, which include most of the Advanced Engineered Products division and about a third of the conveyor belting division, have been affected by the deterioration in global economic conditions, the group said. But these sectors, where most of Fenner's polyurethane products are sold, show "recent signs of slow improvement," the company commented, pointing out that activity in the medical and wind power markets has held up well.  

    Fenner has also spent about £5 million ($8.2 million) on cost reduction and reorganisation.

    Looking forward, Fenner said its diverse markets, together with its ability to be flexible to meet market conditions, leaves the outlook for the full year towards the lower end of market expectations.

    Uncertainty persists, but the group has been "encouraged by signs of improvement" and says it is well positioned, with a significantly reduced cost base, to benefit from a recovery in economic conditions.

    "

    Recommended for You
    MPOB develops palm oil polyol
    MPOB develops palm oil polyol
    Wheat waste transformed into PU foam
    Wheat waste transformed into PU foam
    BPCL Polyol project in doubt
    BPCL Polyol project in doubt
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe