1) The company reported strong growth in the second quarter of 2011, with net revenues increasing 5.7% compared to the previous year, driven by a 9.3% rise in refractory solutions. Net income was up 41% from the first quarter and 22% versus the previous year. 2) Refractory volume increased 13.8% and revenues grew 9.3% from the second quarter of 2010. Growth was seen both in the steel sector, up 8.2%, and industrial sector, rising 17.4%. 3) The company maintained a strong financial position, with a reduction in net debt and days in the cash conversion cycle down 44 days from the previous year.