BNL Management Reorganisation

RNS Number : 4639Y

Plastics Capital PLC

07 July 2008

 



For Immediate Release

07 July 2008

Plastics Capital Plc

('Plastics Capital' or the 'Company')

Management Reorganisation at BNL

Plastics Capital PLC (AIM; PLA), a fast-growing acquisitive plastics products manufacturer focused on proprietary products for niche markets, today announces the appointments of a new Chairman and Managing Director at one of its subsidiaries, BNL (UK) Limited ('BNL'), the UK-based plastic bearing designer and manufacturer, 

Dr. Neil Partlett has taken up the role of Divisional Director for Plastics Capital PLC and has become Chairman of BNL and John Nichols has moved from his former position as COO of BNL to take over from Dr. Partlett as Managing Director. These changes took effect from 1st July 2008.  

BNL was bought by Plastics Capital PLC at the end of 2005 and the group became an AIM quoted company in December 2007.  Plastics Capital is developing a divisional organisation structure in which Dr Partlett will take on a Divisional Director role, with BNL, forming the core of his Divisional responsibilities. Dr. Partlett will now be responsible for expanding the BNL through strategic acquisition and geographic expansion, whilst John Nichols' objective will be to continue the exceptional growth BNL has experienced over the last few years. The role of COO will be amalgamated into his responsibilities as Managing Director.

Dr. Neil Partlett said:

'In my role as Chairman, this will allow me to devote more time to the strategic development of BNL, including acquisitions, and to further our geographic expansion'.

Fasial Rahmatallah, Executive Chairman added:

'This is an exciting phase in the development of BNL and the appointment of these Directors enhances the excellent team already in place. By developing a divisional organisation structure, BNL is positioned to manage further growth and will continue delivering high quality service to all its customers.'

For further information contact:

Plastics Capital	0207 326 8423
Faisal Rahmatallah / Nick Ball
BNL (UK)	01423 799208
Donna Loughnane	[e-mail]
Cenkos Securities	020 7397 8924
Stephen Keys / Beth McKiernan
Buchanan Communications	0207 466 5000
Susanna Gale / Christian Goodbody

Note to Editors: 

Plastics Capital Plc

Plastics Capital successfully floated on AIM on 3 December 2007 and undertook a share for share exchange to acquire Plastics Capital Trading Limited with its subsidiary undertakings on 6 December 2007. 

Plastics Capital is a consolidator of plastics products manufacturers focused on proprietary products for niche markets. The Group has factories in the UK, an assembly operation in Thailand and sales offices in the US and Japan. Approximately 70 per cent. of sales are exported to countries worldwide. Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness. 

Further information can be found at www.plasticscapital.com

BNL (UK) Ltd

BNL (UK) Ltd specialises in the design and manufacture of innovative thermoplastic bearing assemblies and technical moulding solutions. Plastic bearings offer many advantages over the traditional steel bearing, including anti-static properties, low friction and corrosion and chemical resistance. They are lightweight with low inertia and have no requirement for lubrication. BNL's dedicated in-house design team is able to promote added value through the integration of other features - such as axles, gears, fixing clips, mounting flanges and pulleys - to form fully integrated bearing assemblies that maximise functionality and deliver whole system cost reductions.  

BNL recently announced the establishment of a sister factory in Thailand to strengthen its future capacity for meeting continued demand.  

 

END

 

 

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