Partner Article

Solar sales give Romag bright future

GLASS manufacturer Romag has predicted a strong second half of the year as government incentives fuel a surge in demand for solar panels.

Figures revealed yesterday that the County Durham firm has recovered from a £1.3m loss at the halfway stage last year to record a £300,000 trading profit in the six months to 31 March.

The group, which supplies to the construction industry and renewable energy sector, saw its revenue fall 11% on last year.

Meanwhile, the company said it has seen a marked increase in enquiries for its photovoltaic products, spurred on by the new feed-in tariff scheme which gives financial incentives to people that produce their own power.

Chairman John Kennair said the tariffs would help the company continue its recovery in the second half of the year.

“The markets we operate in remain challenging but are showing signs of improvement.

“For the company as a whole we maintain our view that 2010 will be a year of steady recovery thanks to the cost cutting measures already implemented and new products introduced by management.

“The second half of the year is traditionally stronger and we anticipate this to be the case again in 2010. We remain positive in our longer term outlook and are confident that the introduction of the UK feed-in-tariff will bear fruit as the substantial increase in enquiries for our photovoltaic products converts to sales.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .