UPDATE 1-Cookson sees FY11 well ahead of 2010 on better end mkts

* Sees FY10 profit at 250 mln stg, sales at 2.5 bln stg

* Says all three end-markets have good growth prospects (Adds details)

Jan 26 (Reuters) - British industrial materials group Cookson (CKSN.L) said it expected performance in 2011 to be well ahead of 2010, helped by improvements in its steel and electronics markets.

For 2011, it is expected that global steel production growth will be at mid-single digit levels with slightly higher growth in electronic equipment production, the company said in a statement.

The FTSE 250 company, whose products are used in the glass and solar industries as well as by steelmakers and foundries, said it expected trading profit for the year ended Dec. 31, 2010, to be around 250 million pounds ($395.5 million). Revenue is anticipated to be around 2.5 billion pounds.

Analysts on an average were expecting an operating profit of 245 million pounds on revenue of 2.5 billion pounds for 2010, according to Thomson Reuters I/B/E/S.

"All three end-markets have good growth prospects - both in emerging markets due to high rates of economic and industrial growth and in mature markets where there is still significant further recovery potential," Chief Executive Nick Salmon said.

Cookson shares, which have gained about half their value over the past year, closed at 632.5 pence on Tuesday on the London Stock Exchange. ($1=.6321 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Roshni Menon)