- Continued strong sales and decision on strategic investment in Asia
CEO Alrik Danielsson comments on third quarter earnings:

“Höganäs continues to return solid growth and high profitability. The third quarter featured a recovery in Asia after the Japanese disaster. Operating margin was consistent with the previous year and our long-term objectives, despite the negative effect of a stronger Swedish krona.

Höganäs already has a leading position in Asia, and to position ourselves even better to benefit from the growth potential in Asia, we have taken a decision to build a mixing plant there. This is a long-term investment that will enhance our ability to deliver differentiated customer solutions with significantly shorter lead-times. The project starts up in the fourth quarter and is scheduled for completion at year-end 2012.”

Third quarter 2011 (compared to corresponding period of previous year)

· Net sales were MSEK 1,810 (1,728) in the quarter, up 5% year on year. Sales...