Ansell takes financial blow from SPT write down, but says core business is strong

By Liz White, ERJ staff

Melbourne, Australia-Glove and condom maker Ansell took a non-cash write-down of its investment in South Pacific Tyres-a joint venture with Goodyear Tyre & Rubber Co. this year which has made its results look poor.

But the Australian headquartered group said in its 2005 results statement that the underlying performance of the core business is strong and added that it would take the option this fiscal year to leave its partnership in SPT-a non-core business for the latex product group.

Ansell had…

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