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Devro sees improving demand, keeps full-year outlook

Tue, 21st Oct 2014 06:33

Oct 21 (Reuters) - Devro Plc, which makes ediblecollagen casings for sausages, said it was seeing signs ofimprovement in demand, with volumes picking up in China, Japanand Germany, and maintained its full-year outlook.

The second phase of restructuring in Scotland is expected toconclude at the end of the first quarter of 2015, the sausagemaker said.

Devro said in July that it planned to cut 130 jobs inScotland and would invest about 90 million pounds in new plantsin the United States and China to take advantage of risingdemand for its products in those countries.

Shares in the company closed at 235.50 pence on Monday,valuing the business at 393.1 million pounds. (Reporting by Aastha Agnihotri in Bangalore; Editing byGopakumar Warrier)

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