Carclo’s results remain on course
TECHNOLOGY-led plastics group Carclo is on target to deliver a “broadly similar” set of financial results to last year despite the recession.
The Ossett-based firm supplies plastic components to a number of different industries and produces specialist lighting products for several high performance cars by Porsche, Lotus and Bentley.
In the year to March 31, 2009, Carclo’s profits before tax fell to £3.7m compared with £4.5m the previous year.
The company’s interim management statement said: “The technical plastics division continues to perform well and win new business in medical and optical.
“In precision products, demand in our aerospace businesses remains subdued but Wipac is seeing a stronger second half, benefiting from its supercar lighting programmes.”
Carclo’s Conductive Inkjet Technology division is also now on track to install a production line in its Cambridge factory for the manufacture of touch screens used by mobile phones.
The company’s American partner Atmel has now made a payment of £500,000 – with another payment for the same amount pending – to secure access to the facility.
The statement also confirmed that Carclo has raised £3.5m through a share placement, as previously reported by TheBusinessDesk.com .