Business
Interim Management Statement
Interim Management Statement.
About this update from Carclo Plc
[{"type":"text","content":"\n \nRNS Number : 0107O Carclo plc 04 February 2016 \n\n4 February 2016\nCarclo plc\n(\"Carclo\" or the \"Group\")\n \nInterim Management Statement\n \nThe board is pleased to announce that trading in the second half of the financial year remains in line with its expectations.\n \nAs expected, our Technical Plastics division is set to report a stronger second half performance, driven mainly by our US business. The new facility in Taicang, China is now fully operational. In addition to our planned Indian expansion we have also commenced expansion of our Tucson, Arizona factory. Both expansions will use newly leased buildings to minimise capital expenditure and avoid any construction disruption.\n \nWithin LED Technologies, our Wipac business has continued to perform well. Design, development and tooling activity is strong and, as anticipated, we have secured a further programme with an existing supercar lighting customer. The LED Optics business has performed in line with our expectations.\n \nThe Precision Engineering businesses have traded well reflecting the better order intake seen in recent months.\n \nCarclo Diagnostic Solutions has continued to make promising technical progress over the period. The healthcare practitioner market research work has advanced well and will be completed prior to our year end.\n \nThe Group's balance sheet is strong and its funding arrangements remain well within its banking covenants.\n\n- ENDS -\n \n Enquiries:\n \n\n\n\n\nCarclo plc\n\n\n \n\n\n01924 268040\n\n\n\n\nChris Malley, Chief Executive\n\n\n \n\n\n \n\n\n\n\nRobert Brooksbank, Finance Director\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nPeel Hunt LLP\n\n\n \n\n\n0207 418 8900\n\n\n\n\nJustin Jones\n\n\n \n\n\n \n\n\n\n\nJock Maxwell Macdonald\n\n\n \n\n\n \n\n\n\n\nMike Bell\n \n\n\n \n\n\n \n\n\n\n\nWeber Shandwick\nNick Oborne\nTom Jenkins\n\n\n \n\n\n020 7067 0000\n\n\n\n\n \n\n\n \nNote to Editors\n \nCarclo plc is a public company whose shares are quoted on the London Stock Exchange.\n \nCarclo's strategy is to develop and expand its key manufacturing assets where there remain significant further opportunities to drive value. To enhance profit mar...