Madison Heights, Michigan -- Henkel, a specialist in adhesives, sealants, and surface treatments for automotive uses, has reported an 11.6 percent increase in sales in the second quarter of 2010 (Q2) to Euro 3890 million ($5142 million), compared to the same period last year.
The Michigan-based company's Adhesive Technologies business, which includes liquid polyurethane adhesives, reported Q2 sales up by 19.5 percent to Euro 1890 million. Operating profit more than doubled to Euro 222 million, compared to Q2 2009, the statement said.
The Adhesive business also reported above average increases in sales in Asia (excluding Japan), Africa/Middle East, Latin America and Eastern Europe. Europe and North America also posted double-digit growth.
"Following a very good start to fiscal 2010, we have now seen our operations continue their successful development in the second quarter, with our Adhesive Technologies and Cosmetics/Toiletries business sectors making a particularly strong contribution, said Henkel chairman Kasper Rorsted, adding that the company is expecting a 25 percent increase in earnings in 2010 compared to 2009. (RD)