Zotefoams PLC AGM Trading Update (9873M)
May 13 2015 - 2:01AM
UK Regulatory
TIDMZTF
RNS Number : 9873M
Zotefoams PLC
13 May 2015
13 May 2015
Zotefoams plc
("Zotefoams" or "the Company")
AGM Trading Update
Zotefoams, a world leader in cellular material technology, is
issuing this trading update for the first quarter ended 31 March
2015, ahead of its Annual General Meeting at 675 Mitcham Road,
Croydon CR9 3AL at 10am this morning. At this meeting Nigel Howard,
Chairman of Zotefoams plc, will make the following statement:
"Overall trading performance for the first three months of the
year is in line with management expectations. We have delivered
sales growth in Polyolefin foams, HPP (High-Performance Products)
and MuCell Extrusion LLC and have strong forward order books for
each of these business segments.
In Walton, Kentucky, USA, the major investment to increase our
global manufacturing capacity in support of future growth is
proceeding to schedule.
Clifford Hurst, our Finance Director for the last fifteen years,
has indicated to the Board his intention to retire during 2016.
Clifford has supported us through a period of significant growth,
development and investment and I thank him for his invaluable
contribution to the Company. We will start the recruitment process
for his replacement shortly with the objective of appointing a
successor in late 2015 to allow a managed transition through our
budget and year-end.
Whilst it is still early in the year and we are mindful of the
potential impact of economic conditions we continue to expect 2015
to be another year of progress and remain confident about the
long-term prospects for the business."
Enquiries:
Zotefoams plc
David Stirling, Managing Director 0208-664-1600
Clifford Hurst, Finance Director
FTI Consulting 0203-727-1000
Victoria Foster Mitchell/Simon
Conway
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular material
technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces
lightweight foams in Croydon, UK and Kentucky, USA for diverse
markets worldwide through its global sales force. Zotefoams also
owns and licenses patented MuCell(R) microcellular foam technology
from a base in Massachusetts, USA to customers worldwide and sells
T-Tubes(R) advanced insulation systems made from its patented
ZOTEK(R) fluoropolymer foams.
www.zotefoams.com
ZOTEK(R) is a registered trademark of Zotefoams plc. MuCell(R)
is a registered trademark of Trexel Inc. T-Tubes(R) is a registered
trademark of UFP Technologies Inc.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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