Industrial Minerals


Imerys posts increase in operating profit despite weak Eurozone

26 April 2012

by Siobhan Lismore

CEO points to talc acquisition as key to growth; steel growth in North America

Keywords: Imerys, results, graphite, steel, refractories, ceramics, abrasives, foundry

Imerys SA posted a 9% increase in operating profit for the first quarter of 2012, despite contraction in the Eurozone, the French industrial minerals conglomerate said.

The company reported current operating income of €126.8m ($167.5m) for the quarter, up from €116.4m in the same period of 2011, while revenue was up 10.4% to €974.4m.

“In the first quarter of...