- Carclo's trading in the second half of the financial year remains in line with the group's expectations.

An interim management statement says that as expected, the Technical Plastics division is set to report a stronger second half performance, driven mainly by our US business. The new facility in Taicang, China is now fully operational.

It continues: "In addition to our planned Indian expansion we have also commenced expansion of our Tucson, Arizona factory. Both expansions will use newly leased buildings to minimise capital expenditure and avoid any construction disruption.

"Within LED Technologies, our Wipac business has continued to perform well. Design, development and tooling activity is strong and, as anticipated, we have secured a further programme with an existing supercar lighting customer. The LED Optics business has performed in line with our expectations.

"The Precision Engineering businesses have traded well reflecting the better order intake seen in recent months.

"Carclo Diagnostic Solutions has continued to make promising technical progress over the period. The healthcare practitioner market research work has advanced well and will be completed prior to our year end.

"The Group's balance sheet is strong and its funding arrangements remain well within its banking covenants."

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