These excerpts taken from the ICI 6-K filed Mar 21, 2007.
Adhesives sales were 5% ahead of 2005 with good growth in North America despite some slow-down in sales of construction-related products in the latter part of the year. There was double-digit sales growth in Latin America, whilst in Asia growth was strong in China, India and Vietnam. Raw material costs were higher. Despite success in increasing selling prices, gross margin percentages were slightly lower than last year, however, trading profit was 8% ahead of 2005.
National Starch is one of the largest and most global producers of industrial adhesives in the world, based on both natural and synthetic polymer chemistry, including waterborne, hot melt and pressure sensitive products. Products from the Adhesives division are used in packaging applications to seal cases and cartons and to fix labels to bottles and cans. Paper applications include laminating, bag making, paper tissue, paper tube winding and box manufacturing.
Adhesives are also used in bookbinding, disposable nappies/diapers, personal sanitary products and disposable hospital supplies. National Starchs adhesives and primers are used in the assembly of sports shoes and for assembly operations in the woodworking, construction, recreational vehicle and transportation industries. The Acheson business provides process lubricants and application systems used in metalworking and casting.
This excerpt taken from the ICI 20-F filed Mar 31, 2006.
Adhesives reported sales were 11% ahead of 2004. Excluding foreign exchange translation effects, Adhesives constant currency sales for 2005 were 9% ahead of 2004. Growth in constant currency sales was strong in North America, Latin America and Asia, notably China and India, but demand weakened in Europe in the latter part of the year. There was good growth for sales of adhesives for paper and disposable products and in Asia, the sports shoe adhesives business performed well. Higher raw material costs were countered by increased selling prices, but gross margin percentages were lower than in 2004.