Castings PLC
14 August 2007
Castings plc
The following statement will be made at the Annual General Meeting to be held
this afternoon:
Interim Management Statement
Turnover for the first four months of this financial year is up by 15% compared
to this time last year.
The board has decided to increase foundry capacity by building a further
moulding plant at our William Lee factory. This development is subject to
planning applications and availability of electrical supply. It is expected the
project will be complete late 2008 or early 2009.
We are also re-opening our Fradley Park machine shop for additional machining
capacity as CNC Speedwell's turnover continues to increase.
Material costs continue to be volatile with prices increasing overall and
although energy prices are reducing we still have to see out our current
contract until October. Other areas of cost containment are being addressed with
the overall effect enabling us to maintain our margins in the first quarter.
BRIAN J COOKE
Chairman
Castings plc. Lichfield Road, Brownhills, West Midlands WS8 6JZ
14th August 2007
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