19 May 2009

Nuplex remains confident of $87m earnings

1:08 pm on 19 May 2009

Nuplex has repeated that it expects to make full year operating earnings of $87 million.

The resins maker said on Tuesday it is seeing early signs of recovery in some markets, and growing stability in the others.

It points out that demand continues to be restrained, but says it stands to benefit from any improvement as firms look to replenish stocks, which they have been running down.

Nuplex has recently raised nearly $160 million capital to reduce bank debt.