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Hydrodec maintains steady trading momentum

By BFN News | 07:55 AM | Thursday 09 June, 2011


Hydrodec's board remains confident that volumes for the first six months of the year will show a material increase over last year. Chairman Neil Gaskell says that since the 2010 annual results were announced two months ago Hydrodec has maintained steady trading momentum as well as solid progress for the commercial launch of its joint venture in Japan with its strategic partner, Kobelco Eco Solutions, a subsidiary of Kobe Steel. He added: "Demand for our SUPERfine products has remained strong in both the US and Australia. "In addition, the group is continuing to increase exports from its US plant as our products gain market acceptance. "Finished product prices and gross margins have also continued to be firm, against a continuing tight supply market and helped by the group successfully entering new industrial markets." Story provided by StockMarketWire.com