London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

RPC Group plant closure next year will not be in UK

December 02/2009
December, 02 (ChemOrbis) -- RPC Group is planning a further plant closure but the unidentified facility is not in its home base of the UK, chief executive Ron Marsh has told PRW.

The rigid packaging group is currently in the process of shutting its Raunds facility in Northamptonshire, and this is expected to be largely completed by the end of its financial year next March. More than half of the blow moulding machines at Raunds have now been moved to RPCs nearby Rushden facility.

When the group announced its RPC 2010 restructuring programme, it said that six sites would be closed. Raunds is the fifth site, following the closure of facilities at Mozzate (Italy), Ravenstein and Halfweg (the Netherlands) and Aš (Czech Republic), and the location of the sixth site will be revealed later in the second half year.

Marsh said of the UK operations: We have now got the right footprint in the UK and we have no plans to significantly alter that.

He would not reveal the location of the sixth closure, due to the need to speak to customers and employee works councils first. The plans are laid and the board has approved it, he said.

Marsh was speaking after publication of RPCs interim results, in which the groups sales were 8% lower at £351.9m but net profit was higher at £8.0m (compared with a loss of £3.1m in the first half of last year). Restructuring costs of £4.6m and an impairment loss of £1.0m were reported for the first half of this year.

RPC said that customer de-stocking in the majority of the end sectors it supplies has now run its course. Marsh pointed out that sales volumes in the UK have stabilised whereas continental Europe, which entered recession later than the UK, saw a 10% decline in volumes in the first half.

Marsh also said RPCs position in its finance facilities has improved with the reduction in its cash debt from £117m in March to £103m at the end of the reporting period. This allows the group more headroom in its finance facilities and reinforces RPCs position of reliability in supplying to its customers, he said.


mrcplast.com
 




Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe