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Hardide on track

By BFN News | 07:38 AM | Monday 05 October, 2015

Hardide, the provider of advanced surface coating technology, expects its preliminary year-end results to be in line with current market forecasts. A pre-close update says: "After a record first six months, as anticipated, Hardide experienced a softer second half. This directly reflected reduced global oil and gas exploration and drilling spending. Nonetheless, the company has continued to make encouraging progress with its long terms plans to diversify the customer base, both geographically and by sector, and potentially significant customer trials are advancing well. "The opening of the new U.S. coatings facility in Virginia is on track, with the site expected to be fully operational before the end of 2015." The board expects to release preliminary results in early December. Story provided by

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