Last checked at 9 Dec 2011 10:00
Plastics Capital plc
("Plastics Capital" or the "Group")
Appointment of a new CEO at BNL (UK) Limited
Plastics Capital (AIM: PLA), the niche plastics products group, is pleased to announce the appointment of Derek Mansfield as CEO of BNL (UK) Limited ("BNL"), one of its four subsidiary businesses, based in Knaresborough, North Yorkshire.
Derek Mansfield has 10 years of general management experience within TT electronics PLC, having been Managing Director of three different technically advanced manufacturing subsidiaries, the most recent of which was based in Malaysia. Prior to that, Derek gained 20 years manufacturing industry experience with important roles during that time in business development, product engineering and operations management, all highly relevant to BNL. He holds a BSc with Honours in Technology Management.
Derek succeeds Neil Partlett, who was CEO when Plastics Capital acquired BNL in November 2005, and will commence employment on 3rd January 2012.
Commenting on the appointment, Executive Chairman, Faisal Rahmatallah said:
"I am very pleased to welcome someone of Derek's pedigree to lead the team at BNL. Derek's considerable manufacturing industry experience will be a great asset as we continue to pursue organic growth opportunities and deliver on our new business pipeline for the remainder of the financial year and beyond."
Plastics Capital plc Tel: 020 7326 8423
Faisal Rahmatallah, Executive Chairman
Nick Ball, Finance Director
Cenkos Securities Tel: 020 7397 8900
Stephen Keys
Elizabeth Bowman
Walbrook PR Ltd Tel: 020 7933 8780
Paul Cornelius paul.cornelius@walbrookir.com
Helen Westaway helen.westaway@walbrookpr.com
Notes to Editors
Plastics Capital is a manufacturer of highly engineered plastics products for global niche markets. The Group has four factories in the UK, one in Thailand and sales offices in the USA, Japan, China and India. Approximately 65 per cent of sales are exported to over 80 countries worldwide. Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness. The Group has approximately 300 employees.
Further information can be found on www.plasticscapital.com
BNL is the world leader in the manufacture of custom designed plastic ball bearings and associated rotating parts and assemblies. These are manufactured for blue chip OEMs and are used in a wide variety of applications, including office machinery, automotive and food processing. Over 90% of BNL's sales are outside the UK.
Further information can be found on www.bnl-bearings.com