Radiators firm reports 'resilient' performance

DIRECTORS at radiator manufacturer Stelrad say the firm has posted a "resilient" half-year performance within a subdued market.

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The Newcastle-based company has more than 1,500 employees across its main manufacturing base in Mexborough, South Yorkshire, and sites in the Netherlands, Italy, Turkey, Denmark and Poland.

During the six months to June 30 it saw a decline in revenues across some of the markets it serves. The firm said it saw revenue decline 4.6% to £136m despite continued pricing discipline, as a result of ongoing volume challenges from subdued demand.