Cookson upbeat for 2011

INDUSTRIAL materials group Cookson said yesterday that trading remained strong in the first four months of this year and that it expects results for 2011 to be well ahead of last year.

The company, whose products are used in the glass and solar industries as well as by steelmakers and foundries, said revenue grew significantly in the first four months of the year on strong demand, while profit was in line with its expectations.

“For 2011, we continue to expect mid-single digit growth in global steel production, slightly higher growth in electronic equipment production, and double digit growth rates in our foundry castings and fused silica end-markets,” Cookson said.