Nalco reports strong second quarter growth

Nalco has highlighted the success of its ongoing growth strategies during the second quarter of 2010.

The water treatment and process improvement company saw an organic growth rate of 17 per cent during the three-month period, which helped it to achieve revenues of $1.1 billion (699 million pounds).

Its energy, paper and water services divisions saw year-on-year organic sales increases of 14, nine and six per cent respectively, while improvement was also seen across all major regions.

As such, its year-to-date revenues are now 15 per cent ahead of their levels from last year, allowing the company to increase its predictions for its 2010 full year performance.

Nalco chairman and chief executive officer Erik Fyrwald said: “We are on track toward doubling our base revenue growth by executing our growth strategies and driving productivity improvements.”

Earlier this year, Nalco committed to conducting a search for a new chief financial officer to succeed Bradley Bell, who retires from the company at the end of 2010.