25th Jan 2006 07:45
Melrose PLC25 January 2006 TRADING UPDATE Melrose PLC is issuing a trading update in advance of its preliminary resultsannouncement for the year ended 31 December 2005, expected to be released on 15March 2006. Trading at Dynacast, the global manufacturer of precision engineered components,is in line with our expectations, with slower conditions in Europe and the USoffset by buoyant demand in the Far East. The restructuring of the manufacturingoperations started with the closure of the UK facility, which has now beencompleted and further actions are underway. New product initiatives areprogressing well and we will report further news at the time of our preliminaryresults announcement. Aerospace OEM continues to benefit from very favourable market conditions in theaerospace industry. A plan has been agreed to improve the operational efficiencyof Hartwell, the major subsidiary, which should enable the group to derivefurther benefit from this upturn from 2007 onwards. McKechnie PSM, our UK based fasteners business, announced the closure of itsContinental European operation in December, including the Czech Republic plantand this should be completed by the end of April 2006. Some of the Czechproduction is being transferred to our operation in China. Overall, we are pleased with the outcome for the year ended 31 December 2005 andwe are confident that 2006 will be a year of good progress. Enquiries Tom Hampson, M Communications - 020 7153 1522 Charlotte Kirkham, M Communications - 020 7153 1531 Notes 1) The Dynacast Group and the McKechnie Group were acquired on 26 May 2005. 2) Melrose's shares were admitted to listing on the Official List of the London Stock Exchange on 9 December 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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