Crain's Manchester Business
Rubber and PVC manufacturer Berwin Group hopes to boost profits in 2010 after making changes within the company.
The group, based on the Globe Lane Industrial Estate in Dukinfield, Tameside, has filed new accounts showing that pre-tax profits fell to £219 000 (Euro 253 000) in the year to 31 July 2009, from £1m the previous year.
Directors said the fall in profits was down to its Fabprene division, which had â€œcontinually traded at a lossâ€. Fabprene supplies materials used in windows, pipelines and the automotive industry. The group, which describes itself as the UK's â€œpremier custom compounderâ€, has three other divisions: Berwin Rubber Company, Flexi-Cell (UK) and Berwin of Lydney.
Directors said following major changes during the year it hoped all of its divisions would be profitable in 2009/10.
The group's turnover was £35.4m in 2009, down from £39.6m in 2008.
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Crain's Manchester Business (a Crain publication)