5 March 2012 – expansion in China
As part of its plans to expand in South East Asia, the group is to establish a manufacturing facility in China. This is in response to demand from major customers operating in the region and will also help the group to develop its business further. The facility should be operational by the end of 2012 and earnings enhancing in 2014. Although the shares have moved up nicely from our tip at 26.5p a few weeks ago they remain ATTRACTIVE.