21st Jan 2019 16:19
LONDON (Alliance News) - Plastic products manufacturer Coral Products PLC on Monday said that it has experienced a delay in the installation and commissioning of its new plastic recycling system.
The company now expects the new system to be installed in February rather than January.
"In order to mitigate against the delay, Coral has agreed for its supplier to commission the plant and to deliver it to Coral as a proven turnkey project," the firm added.
Coral still expects the plant to contribute to the current financial year.
Coral Products shares were trading down 4.0% at 12.00 pence each.
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