31st Jan 2017 08:23
LONDON (Alliance News) - Plastics supplier Carclo PLC on Tuesday said it remains on track to meet its expectations for the financial year to the end of March, with a stronger second half anticipated for its Technical Plastics unit.
Carclo said its Technical Plastics arm has experienced a strong second half, boosted by the October acquisition of US-based Precision Tool & Die. Carclo said its US arm is on track, as are its plans to expand capacity in India, while its Chinese operation is continuing to successfully support its main customer and seek out new opportunities.
Carclo said its LED Technologies unit has been trading in line, while its LED Optics unit is benefiting from good end market demand. Trading in its Aerospace unit has been stable, it said.
Overall, Carclo said it remains confident in its prospects both in the current financial year, to March 31, and for the long term.
Shares in Carclo were up 6.3% to 135.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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