Chamberlin resurgence ‘on course’ says board

CHAMBERLIN, the Black Country castings and engineering group, said in a trading update it was maintaining the return to profits it reported last year.

In a statement, the group said: “The Board is pleased to report that full year results are expected to be in line with the upgraded market forecasts, published in November 2010, with the Group returning to profits.

“The positive trading momentum established since the end of 2009 has continued and demand in the second half of the financial year at the group’s three specialist foundries, in Walsall, Leicester and Scunthorpe, further improved.  

“The group’s financial position remains robust, with confirmed borrowing facilities in place to provide sufficient headroom to support working capital requirements as recovery continues.
 
“The board is pleased with the strengthening performance of the group over the financial year and sees continuing scope for profitable growth in the new financial year, supported by business development initiatives underway.”

Chamberlin said the integration of the assets of doors firm Jebron Ltd, which it acquired in February 2011, is proceeding well. http://www.thebusinessdesk.com/westmidlands/news/124720-chamberlin-expands-with-new-acquisition.html