Packaged asbestos being
shrinku rappe d for

shipment.

Asbestos

World asbestos markets improved
significantly in 1988, reversing the
downward trend of recent years.
Many customers returned to
capacity manufacturing levels. As
a result, the Company increased its
sales volume by 10 percent over
1987 levels, and sales revenues
increased by 12 percent.

Major growth areas during the
year were Japan and Southeast

World Asbestos Consumption
Tonnes (x 1000)

'78 '79 '80 '81 '82 '83 '84 '85 '86 '87 '88

Cassiar Asbestos Sales
Tonnes (x 1000)

Asia, while consumption was
stable in Europe and South
America. The Company is already BO 1 MOY BE G9 Eee GO ee
well established in these markets

and was able to take advantage of

the improved demand. In addition,

we succeeded in entering new

markets in the Middle East and

Africa, with sales in Egypt and

Nigeria.

The market should remain strong
in 1989, and we expect sales
volumes to remain at the same
level as in 1988, with prices
increasing moderately.

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