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La Seda More than Doubles Ebitda as PET Capacity Utilization Nears 100%

1:49 AM MDT | September 2, 2010 | Natasha Alperowicz

La Seda de Barcelona (El Prat de Llobregat, Spain) reported a 123% increase in consolidated Ebitda to €30.3 million ($38.8 million) in the first six months of this year. Consolidated revenues were €473 million. Sales of polyethylene terephthalate (PET) resin increased significantly and in June reached 45,000 m.t., the highest figure in 16 months, the company says. Plants at San Giorgio, Italy and at San Roque and El Prat de Llobregat, which were down due to poor demand, resumed operations in April. All of La Seda's PET plants are working at almost 100%...

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