Avon Rubber – results

Avon Rubber saw pre-tax profits shrink by 40% to £5.7m during the sixth months to the end of March, on sales up 6% to £139.9m. It blamed reduced demand from Rover and other UK manufacturers hit by the high price of sterling for its profit downturn. Avon said excess capacity was likely to force it […]

Avon Rubber saw pre-tax profits shrink by 40% to £5.7m during the sixth months to the end of March, on sales up 6% to £139.9m. It blamed reduced demand from Rover and other UK manufacturers hit by the high price of sterling for its profit downturn. Avon said excess capacity was likely to force it to close its Croydon factory.