For Immediate Release 1 March 2011
Plastics Capital plc
("Plastics Capital" or the "Group")
Appointment of a new CEO at C&T Matrix Limited
Plastics Capital (AIM: PLA), the niche plastics products group, is pleased to announce the appointment of Simon Shenton as CEO of C&T Matrix Limited ("C&T"), one of its four subsidiary businesses, based in Wellingborough, Northamptonshire.
Mr. Shenton has 13 years of experience in sales, marketing and management roles in the paper and packaging industry such as Fedrigoni Cartiere and ArjoWiggins Appleton. In addition he holds an MA in International Business from Heriot Watt University and is fluent in Italian and French.
He will succeed Andrew Robinson, who has been CEO since the creation of C&T, following the acquisition of Channel Matrix Limited by Plastics Capital in August 2007 and merger with Trimplex Limited. Mr. Robinson will take on the role of Deputy Chairman of C&T and will remain involved in the company's strategic development.
C&T is a leading global manufacturer of creasing matrix, a consumable product used in the manufacture of cardboard boxes, cards and point of sale material. A creasing matrix enables folds to be made in cardboard and facilitates accurate high quality creasing prior to folding. C&T sells this product through a network of over 140 distributors worldwide.
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
Buchanan Communications Tel: 020 7466 5000
Richard Darby
Christian Goodbody
Notes to Editors
Plastics Capital is a consolidator of plastics products manufacturers focused on proprietary products for niche markets. The Group has four factories in the UK, one in Thailand and sales offices in the USA, Japan, China and India. Approximately 62 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 290 employees.
Further information can be found on www.plasticscapital.com