Plastics Capital, a niche plastics products group, has successfully converted two design projects for plastic ball bearing assemblies into orders.
The first is for a US security camera manufacturer and the second is for an Israeli manufacturer of swimming pool equipment.
The firm expects that these projects will deliver incremental annualised sales of around £0.25m.
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Another £0.25m is expected from a project for a major Korean manufacturer of security cameras, which is being accelerated for launch by the end 2012.
Faisal Rahmatallah, Executive Chairman, said: "Our OEM [original equipment manufacturer] customers are continuing to invest in new products and product enhancements despite the poor macroeconomic backdrop, so generating additional demand for the specialist bearing assemblies that we design and manufacture."
NR
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