Production will be increased by approximately 30% and will be completed by the end of the year.

Meanwhile, in its interim report, Höganäs reported solid growth and high profitability, although the second quarter was characterised by negative volume trends in Asia as a result of the Japan disaster. Net sales were MSEK 1,869 (1,783) in the quarter, up 5% year on year, and sales volumes were 8% higher.

The operating margin improved compared to the first quarter 2011 and was very strong.

Höganäs suggests that the market is expected to remain strong in Asia and South America, and the downturn in Asia in the second quarter is expected to be temporary. A gradual recovery is expected in North America, while European market conditions remain difficult to assess, even if the prospects for the export industry remain positive in the short term.

Source: www.mpif.org