skip to content

Trading statements

Carclo in line with expectations

31 January 2017 07:50

Carclo said trading in the second half remains strong and the outlook for the full year was in line with its expectations.

The group said its technical plastics division was set to report a stronger second half performance, as expected, assisted by the contribution from Precision Tool & Die, acquired in October 2016.

A trading update said: "Our US business is trading well and the integration is progressing to plan.

"The expansion of our Bangalore facility in India is now underway and, once completed this summer, should double the capacity of our Indian business.

"Our Chinese operation, based in Taicang, continues to support the growth of its main medical customer while securing other new business opportunities.

"In our LED technologies division, Wipac supercar lighting product sales have been in line with our forecasts and this business continues to benefit from the significant design, development and tooling activities generated by the recent run of programme wins.

"Wipac continues to win new lighting programmes within the low volume sector and remains focussed on securing a further mid volume programme in the new financial year, which will support the anticipated strong growth of this business.

"Our smaller LED optics business has continued to benefit from strong demand and the project to move a part of the manufacturing business to our Technical Plastics facility in Brno, Czech Republic is running to plan.

"Our aerospace business has continued to enjoy stable trading conditions in both its UK and French operations.

Story provided by StockMarketWire.com

Related Company: CAR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.