Nuplex has announced that it expects global sales to increase at a compounded annual growth rate of 4 to 7 per cent a year up to 2018, with a significant increase in earnings from Asia.
Fairfax reports that Nuplex, a maker of resins for industries including industrial automotive and paint industries, has told analysts that a third of all revenues will be from Asia at the end of its five-year outlook period.
Nuplex’s leadership has said that the goal was to increase capacity in Asia by 75 per cent by the end of 2014.
Nuplex’s profits were down 31 per cent in the last financialyear to $NZ 42.9 million, and is currently in the middle of restructuring in Australia, announced September last year.
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