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Cookson looks abroad to grow
BRITISH industrial materials group Cookson said its increasing exposure to developing markets would fuel growth in 2012, surprising the market which had looked for sales to stay flat mainly due to sluggish Europe.
Cookson, whose products are used in the glass and solar industries, yesterday forecast mid-single digit growth for 2012, after reporting a better-than-expected 18 per cent increase in 2011 pre-tax profit.
For 2011, Cookson reported pre-tax profit of £261.5m, beating consensus estimates of £250.8m. Sales rose 11 per cent to £2.83bn.