|
News Index
Next
Previous
Metal Castings Limited, a Midlands-based aluminum die casting company, has
appointed Ian Best and David Duggins of Ernst & Young as joint administrators.
The firm was were called in to run the Worcester-based company, which employs
235 people, after increasing raw material costs, and the loss of several key
contracts increased pressure on the company, already struggling under the weight
of the current downturn in the automotive market.
Metal Castings specialises in the production of high-pressure die-castings for
the automotive industry and domestic appliance manufacturers.
Joint administrator Ian Best said the company has a strong reputation in the
market, adding: "We are in the process of contacting the key customers and
suppliers with a view to trading the business as a going concern while a buyer
is sought".
Source:
RedAlert
|
