Plastics Capital plc (AIM: PLA) reassuring trading update
Management commented that trading conditions remain challenging although new business is helping to offset a general softening in demand.
The Group’s bearings division (BNL) recently converted a major design project for a bathroom products company to manufacture plastic bearing devices for a new customer based in the USA. The project is expected to be worth over £2m with sales expected to commence in 2013.
Its pleasing to note that cash flow continues to be…
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