Divisions lighting the way ahead for Carclo

HI-TECH company Carclo said profits at its technical plastics division are more than 10 per cent ahead of last year and it expects further growth in the new financial year.

The Ossett-based company has seen strong growth in its medical and LED optics businesses.

The group said that a ramp up in the production on a number of supercar lighting programmes has helped the company’s lighting division.

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Carclo said two new supercar lighting contract wins will drive significant growth in the new financial year.

A number of top of the range supercars such as Aston Martin, Bugatti Veyron and Lamborghini all source their LED lighting from Carclo.

The group said its aerospace businesses have had a solid year with profitability ahead of the prior year.

Conductive Inkjet Technology (CIT) has made further significant progress towards commercialisation, most notably on its fine line technology project with Atmel Corporation.

The final components of the Gen 3 upgrade are being installed on the pilot line in Cambridge this week.

Carclo said it is confident the facility will be production ready by June with the first volume production expected to commence later this year.

Carclo said group debt will be slightly higher than originally expected at the end of its financial year.

It said this is mainly due to the increased level of investment in CIT during the second half in order to drive the fine line project forward and the growth in Wipac’s supercar lighting business.

The group said its financial position remains strong.

Carclo will announce its preliminary results for the financial year to March 31 on June 7.

The listed company is a global supplier of technical plastic components.

Two thirds of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products.

This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

One third of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries.