The company’s results have been buoyed by the economy faring well in large economic areas, particularly Europe, the US and Asia.
The company said that in the last financial year there was a great deal of uncertainty as far as raw materials were concerned – and that is likely to continue this year.
During 2005/2006 the price of zinc alloys almost tripled and aluminium and high grade steel prices are rising, while the company is also having to absorb the high cost of oil.
However, Blum made investments totalling €108.7m at its sites worldwide during 2005/2006 and said the creation of an executive board and corporate management group has created a sound basis for future development within the company.
