Plastics Capital Share News (PLA)

Plastics Capital Information

There is currently no data for PLA

Plastics Capital trading in line with market forecasts

Tue, 29th Jan 2013 14:41

Plastics Capital on Tuesday posted a trading update for its third quarter, showing results in line with market expectations.The niche plastics product group said trading conditions were stable since announcing interim results and little change was expected in the near term."Demand in Europe remains depressed, but elsewhere sales are growing in-line with management expectations," the company stated. Plastics Capital secured new businesses including LG Corporation in South Korea for paper pathway bearings, which has a potential total sales of £0.25m per annum when it commences production later in the year. The group also won a contract to supply bearings for camera lenses and established a manufacturing facility in Shanghi where it will primarily make machined plastic ball bearings to meet demand for the product in China."Many European customers, whose demand is driven by the investment cycle, continue to be affected negatively by the weak economic conditions - elsewhere demand has been improving," Executive Chairman, Faisal Rahmatallah, said. "New business activity is going well and we are investing for growth in (full year 2013/14) and beyond. Performance should be broadly in line with expectations over the final quarter and looking into the next financial year I anticipate a year of significant progress." Shares increased 9.66% to 79.50p at 14:58 Tuesday.RD

More News

24 Feb 2015 17:16

DIRECTOR DEALINGS: Plastics Capital Non-Executive Buys Shares

20 Feb 2015 12:11

UK DIRECTOR DEALINGS SUMMARY: Indivior Execs Buy After Maiden Results

19 Feb 2015 10:19

DIRECTOR DEALINGS: Plastics Capital Non-Executive Buys Shares

9 Feb 2015 08:40

Plastics Capital Says Trading In Line With Market Expectations

3 Nov 2014 16:18

Plastics Capital In Share Placing To Buy Flexipol Packaging (ALLISS)

15 Sep 2014 11:10

UK WINNERS & LOSERS: Micro Focus Jumps 14% On Reverse Takeover Deal

15 Sep 2014 08:59

Plastics Capital Industrial Division Hit By Customer Overstocking

14 Jul 2014 08:45

Plastics Capital Receives Commitment From Major Auto Manufacturer

30 Jun 2014 11:27

Plastics Capital Full-Year Profit Up Despite Mixed Trading

30 Apr 2014 14:58

Plastics Capital Says Full-Year Trading To Meet Expectations

LONDON (Alliance News) - Plastics Capital PLC Wednesday said it expects trading in its last financial year to be in line with market expectations, as strong demand for its products drove up sales during the year. The niche plastic products group said that sales in the year ended March 31, w

28 Mar 2014 11:37

Plastics Capital Completes Shengli Buy, Gets New Banking Facility

LONDON (Alliance News) - Plastic products company Plastics Capital PLC Friday said it has now completed its acquisition of Shengli Printing Science and Technology Co Ltd and has also signed a new GBP10.5 million committed banking facility with Barclays Bank. In a statement, the maker of pro

7 Mar 2014 11:55

Plastics Capital Acquisition Of Shengli To Be Completed By March 31

LONDON (Alliance News) - Plastics Capital PLC said Friday that it expects to complete the acquisition of Shengli Printing Science and Technology Co Ltd by March 31. The company said it had delivered supplementary information that had been requested by the local Commissions of Commerce, and

4 Feb 2014 11:44

Plastics Capital Says Q3 Trading In Line With Expectations

LONDON (Alliance News) - Plastics Capital PLC Tuesday said trading in the third quarter has continued in a similar pattern to the first-half of the year, with strong sales of mandrels and improving sales of creasing matrics and films recorded. The niche plastics products group said demand f

4 Feb 2014 08:29

UK MORNING BRIEFING: Shares Open Lower; Ocado Losses Widen

LONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.

Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.

Br

8 Jan 2014 12:10

Plastics Capital delays completion of Shengli acquisition

Plastics Capital shares were hit on Wednesday after the group said completion of its acquisition of Shengli Printing Science and Technology would be delayed around two months to the end of February. The plastics products manufacturer said the delay was due to requests for additional information fr

Latest Share Chat

Plastics Capital Share News (PLA)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Plastics Capital trading in line with market forecasts

Login to your account

Quickpicks are a member only feature

Login to your account