1st Jul 2005 11:15
Yule Catto & Co PLC01 July 2005 Yule Catto & Co plc Consolidation of James Robinson production assets Yule Catto is an international producer of speciality chemicals, which aresupplied to global customers, ranging from manufacturers of medical gloves,paint and adhesives to the pharmaceuticals and cosmetics industries Yule Catto & Co plc announces that it is to consolidate production at its JamesRobinson subsidiaries on to two of its existing sites, in Germany and India,leading to the ultimate closure of its UK site in Huddersfield and the loss ofapproximately 36 manufacturing jobs. All products will be transferred to theother units prior to closure. Sales and marketing and research and developmentwill remain in the UK, but will be relocated to new premises, and investment isbeing made in modern laboratory facilities. James Robinson manufactures a range of speciality chemicals, for applicationsthat include hair dyes, photographic developers and photochromic lenses. Dr Brendan Catlow, Managing Director of James Robinson, commented: "In common with many other companies having manufacturing assets in Europe,James Robinson has felt the impact of the weak US dollar and low-cost importsfrom Asia. Our strong market positions have helped to mitigate the impact ofthese pressures, but we are taking action now to secure the long-term growthpotential of our business. To this end, we will consolidate our production baseon to two sites, and this will lead to the ultimate closure of our Huddersfieldfactory." 1 July 2005 Enquiries: Yule Catto 01279 442791Sean Cummins, Finance Director College Hill 020 7457 2020Gareth David [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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