StockMarketWire.com - Holders Technology expects profits for the year to the end of November will be in excess of market forecasts.

The group says this is due to a stronger than anticipated recovery in the European PCB market and the progress made in introducing a new range of laminates.

Holders Technology says it has been appointed as the European-wide distributor for two leading Taiwanese LED and lamp manufacturers.

JK Components, which was acquired in December 2009, has been renamed Holders Components and will act as their European distributor, supplying an established network of sub-distributors covering the major European countries.

And Holders said that to finance the anticipated growth in the financial year starting 1 December in both the laminate and LED areas of the business, arrangements have been agreed with HSBC Bank for borrowing facilities amounting to £1.55m in total.




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