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Steel. It shouldn’t come as a great surprise to see debt rising a bit to end March 2021 as they make the tooling investments. After that, we should see free cash flow being generated at an increasing clip. On the other side, I would expect to see the pension deficit falling to reflect the recovery in corporate bond rates.
Steelwatch I’ve no idea about the cost of this equipment but will Carclo benefit from the Budget announcement which talked of enabling companies investing in plant and machinery to cut their tax bill by up to 130% (over the next 2 yrs).
Why don't the company put out a release ..maybe RNS Reach. Ok no doubt there are NDAs on names but giving some idea of the order book boost would be handy.
5 new Engel injection moulding up to 450t + automation + pick & place robots + 6 axis robots...
Impressive bit of kit.
Does anyone have any idea of the costs for these top of the range items?
Not 1 but 5!!!
https://youtu.be/W0LvGZioyoo
Wow - a VERY interesting find via by Steelwatch200, cheers!
"Throughout Covid 19 Carclo has supported the country with the manufacture of medical equipment and has secured a massive project to deliver high capacity and high-speed virus testing kits to one of the world’s leading medical OEM’s"
If I wasn’t already morbidly overweight in this I would add right now..
Add your great post Steelwatch to Wigwammer's great news yesterday and we have a real recipe for a climb from here.
Trades are certainly picking up.
Jmo
Update on the Mitchum COVID 19 diagnostic expansion. Most recent job advert 6 days ago....
Very promising indeed, it’s is now obvious why 4 of the directors have recently bought shares.
I am particularly drawn to the content:
“Massive project”.
“5 new Engel injection moulding + robotics”
Injection Moulding Technician
Employer: Carclo Technical Plastics Ltd Salary: c£38,000 - £43,000 Location: Mitcham
Shifts: 4 on 4 off (Permanent Night Shift) average of 42 hours over a 10-week period Overtime: opportunities for overtime (paid at an enhanced rate) Breaks: one hour paid break per shift
The Opportunity
We have been retained by Carclo to support them with employing two Injection Moulding Technicians with experience in the supervision of up to 5 staff on shift. To be considered for the role ideally you will be formally trained within Injection Moulding, this means your experience will be supported by formal qualifications in the form of either an Apprenticeship or industry recognised qualifications such as BPTA, City & Guilds or IMT at level 3 or above. Alternatively we would be keen to speak to candidates with extensive trade moulding experience or a medical Injection Moulding background.
The Company Carclo Technical Plastics in Mitcham are one of the largest suppliers of plastic Injection Moulded diagnostics and medical components in the UK. Supplying to the world’s largest medical OEM’s, Carclo continues to drive standards in Injection Moulding and Automation.
Throughout Covid – 19 Carclo has supported the country with the manufacture of medical equipment and has secured a massive project to deliver high capacity and high-speed virus testing kits to one of the world’s leading medical OEM’s.
This role will support this brand-new high precision, high technology cell.
The Environment Within this brand-new manufacturing cell, there will be 5 new Engel (electric & hybrid) Injection Moulding machines up to 450 tonnes, all machines within the cell will have its own automation including pick and place robots as well as 6 axis robots. Tooling on the machines will be up to 32 cavities.......