Official Opening of Sales Office in Shanghai

RNS Number : 2175H

Plastics Capital PLC

25 May 2011

 



For immediate release                                                                          25 May 2011

Plastics Capital plc

("Plastics Capital" or the "Group")

Official Opening of Sales Office in Shanghai, China

Plastics Capital (AIM: PLA), the niche plastics products group, is pleased to announce that it has officially opened its Chinese sales office in Shanghai. The office will serve as a sales office for both BNL (the ball bearings business) and C&T Matrix (the creasing matrix business). BNL have a number of existing Chinese customers, a mix of both local businesses and foreign OEM subsidiaries and C&T Matrix have a well established customer base in China. The Shanghai office will be key to supporting the existing customer base through a ground level presence whilst increasing opportunity to further grow the customer bases of both businesses. 

Commenting, Faisal Rahmatallah, Executive Chairman, said:

"We are delighted to announce the opening of our Chinese sales office. This sales office in conjunction with the sales office we have recently opened in Mumbai, India will help us target these fast growing regions and contribute significantly to the growth of the Group.

Plastics Capital plc                                                                 Tel: [phone]

Faisal Rahmatallah, Executive Chairman

Nick Ball, Finance Director

Cenkos Securities                                                                  Tel: [phone]

Stephen Keys

Elizabeth Bowman

Buchanan Communications                                                    Tel: [phone]

Richard Darby

Christian Goodbody

Jonathan Rivlin

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

 

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