21st Jul 2015 07:36
LONDON (Alliance News) - Bonding materials and services company Scapa Group PLC on Tuesday said it traded in line in the first quarter and said it has decided to close its facility in Rorschach in Switzerland.
Scapa said its trading performance in the first quarter to the end of June was in line with its expectations, with good outcomes for its healthcare and industrial divisions.
Scapa also said it has decided to close down its manufacturing facility in Rorschach, following a formal consultation process started back in April. Further information on the impact of the move will be provided at Scapa's interim results, it said.
Shares in Scapa were down 0.9% to 213.50 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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