Brakes specialist still on course for cash break-even next year
Surface Transforms, the Knowsley-based firm which makes carbon brakes for high performance cars and aircraft, said it has been frustrated by start of production troubles for customers which will impact its annual figures.
But it said it will have no long-term bearing on the business.
In a trading update for the year to May 31, it also reported that progress on a compensation claim for delays on start of production with an original equipment manufacturer (OEM) have not been concluded.
"Given the timing of Surface Transforms' f... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...