New equipment boosts Proplastics

PIPING products manufacturer Proplastics says owing to efficiencies realised from plant modernisation efforts, gross profit margins for the nine months ended September 30, 2022 improved compared to the prior year.
In a trading update, chairman Gregory Sebborn said profitability, which was hampered by exchange losses resulting from overdue payments to foreign creditors in the first half, has shown an improvement.

“A total of US$2,7 million was spent on capital equipment in the nine months of trading. The newly-commissioned PVC line has already contributed 12 percent to the total production volumes since April, while the new injection moulding machines and moulds resulted in a 10 percent increase in total volume for the period,” Sebbor