Knowsley-based specialist brakes manufacturer, Surface Transforms, is predicting a more than doubling of its sales this year, due to a reduction in scrappage and expanding capacity.
In an update to the stock exchange this morning (April 17), it said it expects sales to grow by a minimum of 111% in 2024, and up to 165% compared with financial year 2023 sales of £8.3m, resulting in a projected 2024 range of £17.5m to £22m sales.
It said with the majority of the year still to come, 2024 sales outlook is dependent on the amount of progress made on reducing scrap, building capacity and delivering to customers.
Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality accreditation in 2015.
