Vesuvius points to growth in Asia, but underlines concerns on Brazil

By Siobhan Lismore-Scott
Published: Friday, 01 August 2014

The latest set of results show the difficult trading environment that many companies are experiencing. Currency effects as well as economic and geopolitical concerns are woven into these results as strongly as the positive signals on demand growth.

UK refractories and steel producer Vesuvius Plc today said that growth in demand from Asia Pacific had boosted growth in its refractories revenue.

The company posted revenue of £215.6m in its advanced refractories business for H1 2014, which on a year-on-year (y-o-y) basis, was actually 8% lower. However, when currency...

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