TenCate Advanced Composites showed 16% organic revenue growth, the highest of the company, due to increased build rate of the latest generation of commercial aircraft. In the automotive market a major success was recorded with the order for the exclusive supply of thermoset composite material for the Alfa Romeo 4C sports car. High revenue growth was also achieved in composite materials for sporting goods.
‘TenCate revenues have developed favourably from the second quarter of 2014 onwards, said Loek de Vries, president and CEO. ‘Fourth quarter revenues increased organically by 15%, compared to the fourth quarter of 2013. The latter can be attributed to the demand from the United States for TenCate Defender M products, revenue growth in composites and armour products and sustained demand for synthetic turf yarns.
‘TenCate expects to achieve growth in 2015 that is similar to that in 2014. This growth results from an increase in sales and marketing efforts, an improvement in market conditions of the synthetic turf activities, growth in protective fabrics and an acceleration of growth of aerospace composites. In recent years, TenCate has focused strongly on technology development and in the years ahead we must reap the benefits.’
