| Taminco announces full year results 2010 |
|
Ghent, 18 March 2011 - press release
Record financial performance in 2010 paving the way for continued growth
Highlights:
Record EBITDA in 2010
Commenting on these results, Laurent Lenoir, Chief Executive Officer said: “These impressive 2010 results further demonstrated the quality of Taminco’s business model, maintaining solid margin levels while grasping new growth opportunities. Investments in new capacities in the USA and China demonstrate our commitment to grow in our core business as a leading player developing further into sustainable amine derivatives for promising growth areas such as personal and home care, animal nutrition, food and energy. Moreover, our new initiative in China is consistent with our aim to generate 25% of our turnover from emerging regions in the coming five years.”
Outlook: · Strong first quarter 2011 driven by volume increase and despite higher raw material prices · Further EBITDA and operating profit growth · Several growth projects under development
Our strong performance and investment activity in 2010 provides a solid basis for EBITDA growth in 2011. We believe that underlying demand for most of Taminco's products will continue to be strong. We will invest further in our core growth projects, in particular in USA and China, building on our previously announced capacity additions in amine derivatives.
please click attachment for full text of this release (available in English & Dutch) |

