The Knowlsey-based specialist brakes manufacturer, whose products have been used by the likes of Aston Martin and Lamborghini, said there had been significant improvements in underlying operational performance under chief operations officer
But sales in the first quarter still came in lower than the company's internal target, at £3m, although they have risen consistently risen throughout the last year.
"The prime remaining operational challenge relates to continuing high levels of scrap from processes that are not yet fully capable,"
"Again we regard these issues as a learning curve and note, that considerable success has been achieved in recent weeks in reducing scrap. We expect to continue these improvements over the coming months unlocking further capacity."
(c) 2024 City A.M., source