Trading Statement31 Oct 2007 08:02
A specialised supplier of steel products to the Automotive, Engineering support services and Houseware sectors worldwide.. Since the interims to 24th August, has suffered some major setbacks in its Automotive division.. Bacol industries at Smethwick after almagamating with Prescott Powell, a drop off in orders resulted. Bromsgrove site where the Belsize acquisition has been almagamated into Bacol Fine Blanking, alleged major difficulties were being encountered. Although these events will depress the sp, it looks like these issues can be addressed, where work at the Bromsgrove site is being transferred to Romania. The Directors will be reviewing all options, but continued poor perception looks likely to impinge on the sp for the near future, but as remedial measures kick in sp should recover.