Castings, the UK’s leading iron castings business, is expected to show a solid recovery in profit in FY16 as the European heavy truck and automobile industries (which are the main markets for its products) have continued to improve. Profits are being assisted by expansion of its machining division which is enabling the group to increasingly add value to its traditional foundry operations. This is benefiting margins and assisting the group in growing market share.
01 Apr 2016
Forging ahead
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Forging ahead
Castings Public Limited Company (CGS:LON) | 331 0 0.0% | Mkt Cap: 143.8m
- Published:
01 Apr 2016 -
Author:
Ian Berry -
Pages:
21
Castings, the UK’s leading iron castings business, is expected to show a solid recovery in profit in FY16 as the European heavy truck and automobile industries (which are the main markets for its products) have continued to improve. Profits are being assisted by expansion of its machining division which is enabling the group to increasingly add value to its traditional foundry operations. This is benefiting margins and assisting the group in growing market share.