4th Feb 2016 09:19
LONDON (Alliance News) - Carclo PLC on Thursday said trading in the second half of its financial year to the end of March remains in line with its expectations.
The technical plastics products supplier said its Technical Plastics division is set to report a stronger second-half performance, driven mainly by the US business, while the new facility in China is now fully operational and it has commenced expansion of the Tuscon, Arizona factory.
Within LED Technologies, the Wipac business has continued to perform well, securing a further programme with an existing supercar lighting customer, while the LED Optics business also has performed in line with expectations.
Meanwhile, the Precision Engineering businesses have traded well, reflecting a better order intake in recent months, while Carclo Diagnostic Solutions has continued to make promising technical progress, the company said.
Shares in Carclo were trading up 0.1% at 141.94 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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