12th Apr 2016 06:56
LONDON (Alliance News) - Technical plastics supplier Carclo PLC on Tuesday said trading for the year to the end of March was in line with its expectations.
Carclo said its Technical Plastics division has benefited from a much stronger trading performance in the second half of the year, with a good performance in the US and robust demand in the UK. Carclo said its new facility in China is now fully-operational and it is expanding capacity as its sites in Bangalore in India and Tucson, Arizona.
The LED Technologies division also performed well in the second half, helped by a strong performance from the Wipac super car lighting business. Precision Engineering also had a better second half, Carclo said, while its Carclo Diagnostics Solutions arm performed in line.
The group said it is confident on the outlook for the new financial year given the encouraging performances in its Technical Plastics and LED Technologies units.
The company will publish results for the year to the end of March on June 7.
By Sam Unsted; [email protected]; @SamUAtAlliance
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