Carclo receives $10m payment

CARCLO will recieve a $10m pre-payment from a partner this week as part of a deal to supply touch sensors.

The Ossett-based technical plastics business, whose products are used in the lights of supercars, said that sales of technical plastics were better but it does not expect to recover the sales shortfalls it experienced in December and January.

However it said that there had been a “very good” inflow of new contracts in LED technologies and trading in its precision engineering opeation remains strong.

Carclo will see new chief executive Chris Malley take over from Ian Williamson this week and will announce its full year results on June 11.

 

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