1 Feb 2011 07:00
Renold plc
("Renold" or "the Company")
Interim Management Statement
Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing its interim management statement covering the period from 1 October 2010 to the current date.
On 23 November 2010 the Company announced its results for the half year ended 30 September 2010. At that time it was noted that market conditions had improved across all of our areas of operation with additional incremental gains in market share during the first half and that we expected the sales trends established in the first half to continue.
Since that date, trading has increased in line with the Board's expectations.
There have been no significant changes in the position of the Company over the period since the publication in November 2010 of its half year statement for the six month period ended 30 September 2010.
1 February 2011
ENQUIRIES:
Renold plc | 0161 498 4500 |
Bob Davies, Chief Executive | |
Brian Tenner, Finance Director | |
College Hill | 020 7457 2020 |
Mark Garraway | |
Adam Aljewicz |
NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.
Further information about Renold can be found on their website at: www.renold.com
Renold (RNO)