Carclo to trade in line

13th Aug 2009 09:09

Technical plastic components supplier Carclo expects to trade in line with expectations for the full year after a satisfactory start to the new financial year despite difficult market conditions. "The early part of the current financial year has continued to be impacted by the effects of the economic downturn, but the benefit of substantial contract wins will start to be felt in the second half and the overall outlook for the group remains positive," said the group.Sales in Technical Plastics remained at a similar level to the same period last year after the closure of two small plants and the recent strengthening of sterling against the dollar. Sales in Precision Products are ahead of the prior year with further growth in Wipac's specialist lighting business, compensating for lower demand in automotive antennas and aerospace cables. "There is recent evidence to suggest that demand is stabilising in both these business areas," said the group.