Avon issues profits warning, restructures management

By Liz White, ERJ staff
Bradford on Avon, UK-Lower automotive production in North America plus high raw materials prices and intense competition have combined to cause Avon Rubber plc to warn that it expects lower profits in its automotive division in the second half of the year than in the first half.

Avon’s notice about projected lower profit levels comes despite the expected growth being sustained in Orizaba, Mexico,” where it makes automotive hose for the North American market

And recent US approvals for its respirators…

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