Recycling firm Straight on track

RECYCLING group Straight said today turnover was up eight per cent and its 2010 results will be in line with expectations.

Leeds-based Straight said the turnover rise was based on successful intgration of the wheeled bin manufacturing assets acquired from Helesi UK and a number of large contracts in this market.

It also said it had a strong proprietary manufacturing position.

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The wheelie bin maker said integration and development of the recently acquired Dyro manufacturing operation in Hull was progressing well. It is installing new blow moulding facilities to go with the existing injection moulding capability so the group can manufacture more than two thirds of its core product output at one location.

Warehouse facilities are also being extended at the site and to create a more cost efficient distribution hub. These are expected to be completed by the end of March 2011.

Straight has ambitious growth plans and wants to broaden its product offering.

Jonathan Straight, chief executive of Straight, said: "We are extremely pleased with the progress the group has made in the past year, including the successful integration of two key acquisitions.

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"We have made significant steps towards achieving the group's strategic goals and we look forward to further strengthening our position in our various markets, enhancing shareholder value as a consequence."

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