Last checked at 17 Aug 2010 09:00
Castings plc
Interim Management Statement and AGM
Castings plc will be holding its Annual General Meeting this afternoon and at the meeting Chairman Brian Cooke will make the following statement:
I am pleased to report that demand for our products has continued to grow since my Chairman's Statement in June.
We are continuing to invest in new machines at CNC Speedwell in order to meet the increasing schedules particularly from the commercial vehicle industries. We are also re-investigating a project to improve on site logistics at the Brownhills foundry.
The new foundry at William Lee is now operating on a single shift basis and is proving a good investment.
It is always difficult to know what is going to happen in the long term, but it is sincerely hoped the recovery will continue and more stable times will be enjoyed.
B.J.Cooke, Chairman
Castings plc, Lichfield Road, Brownhills, West Midlands WS8 6JZ
17th August 2010