Meanings of flexible foams in anglès

Bayer is the world leader in polyurethanes, which include flexible foams and resin, with some 20 percent market share.

The job cuts at the plant, which now employs 653 workers, also resulted from lower volumes of flexible foams.

The group's automotive division and its flexible foams business, which makes some products for the automotive industry, recorded weaker sales.

The company has also struck a deal with a third party to sell on the flexible foams businesses if the acquisition goes ahead, it said.

The insulation unit was slightly more profitable, however, driving 33 percent of annual profits in 2017 compared to the 31 percent contributed by flexible foams.

The flexible foams unit made up 41 percent of Recticel's 1.5 billion euros of annual sales in 2017, with the insulation unit contributing 18 percent.