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CNC continues to make trouble for Castings

CNC continues to make trouble for Castings

Things have gone from bad to worse at CNC Speedwell, the machinery-making division of outsourcer Castings (CGS). After the termination of a major contract hurt sales in the 2017 financial year, the division's managing director resigned abruptly in November. In 2018, the business has struggled to meet demand, leading to £1.2m of additional transport costs to prevent disruption to customer production lines. Thus the machinery division reported a loss of nearly £4m, compared with a £1.5m profit in the comparable period last year. 

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