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26 per cent sales growth from Servo acquisition and price increases

45 per cent higher operating profit before exceptional items

Chromium prices up 17 per cent on first half 2004 – further increases announced

Coatings volume down on soft consumer demand and slowing of Chinese growth

New TaiCang Pigments plant on stream, East St Louis operations scaling down

Servo rationalisation and head office reorganisation – benefits in second half

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