Zotefoams looks to expand output during 2012
By PRW Staff
Posted 27 March 2012
UK foamed plastic specialist Zotefoams recorded a good 2011 – profit before tax and exceptional items was up 16% to £5.5m, against £4.7m in 2010.
“Moreover, we have achieved this whilst maintaining a strong balance sheet, with net funds of £1.92m at the end of 2011,” said chairman Nigel Howard. “We begin 2012 with a strong order book for both Azote polyolefin foams and our portfolio of HPP products.”
The company claims to have a strong order book and there are capital expansion plan to support anticipated volume growth
“Following on from a record sales year in 2011, orders for Azote foams for the first quarter are well ahead of the comparable period last year,” added Howard. “The outlook for our HPP foams is even more promising with confirmed orders for 2012 already ahead of HPP sales in 2011.”
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