Greenville, South Carolina -- Composite and polyurethanes manufacturer JPS Industries saw its net sales rise by 34% to $42m (EUR30m) in the first quarter of this year compared to the first quarter in 2013.
The company also reported a sales hike during 2013 – up to November when JPS’s financial year ends. Compared to the previous year period, net sales were recorded at $202m compared to $158m in 2012 – a rise of 27%.
In a letter to shareholders following the announcement of 2013’s results, president and ceo Mikel Williams, wrote: “I believe 2013 was a solid year. That said, we are well into Fiscal Year 2014 and the challenges continue.
“While we expect that the general economy will remain stable, for JPS we see opportunities to grow our business despite continued strong competition and price pressures,” he added.
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