Ductile Castings News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Administration on the horizon for castings manufacturer

Administration on the horizon for castings manufacturer
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Chamberlin sees new levels of growth thanks to record November

Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development. The West-Midlands-based engineering group reported that it.

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Investegate |Chamberlin PLC Announcements | Chamberlin PLC: Corporate Update

Investegate announcements from Chamberlin PLC, Corporate Update

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Chamberlin PLC expects to report 112% increase in underlying profit

Chamberlin PLC expects to report 112% increase in underlying profit
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Chamberlin to return to profit

Chamberlin to return to profit Specialist castings and engineering group Chamberlin is expected to return to profitability in its current financial year. The Walsall business will report a loss for the year to the end of May following the loss of a major contract with BorgWarner late last year, and the consequential restructuring of operations and refinancing. Its board is confident that as the substantial majority of the group s restructuring costs and non-cash write downs will have been accounted for in the year, Chamberlin will be well positioned to make a strong recovery in the current financial year which started on June 1

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