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Slight drop in profits at Montupet to £13.7m

By John Mulgrew

Published 06/10/2016

Montupet saw turnover dropping slightly to £85m for the year ending December 2015, with pre-tax profits dropping from £15.6m to £13.7m
Montupet saw turnover dropping slightly to £85m for the year ending December 2015, with pre-tax profits dropping from £15.6m to £13.7m

Belfast car parts maker Montupet has seen a small dip in its pre-tax profits.

The firm, which produces cylinder heads for some of the world's largest car makers, saw turnover dropping slightly to £85m for the year ending December 2015. Pre-tax profits dropped from £15.6m to £13.7m.

The workforce grew from 585 to 593 during the same period.

In its strategic report, the firm said its financial position at year end was "satisfactory".

Montupet has operated in Northern Ireland since 1989, using the former home of DeLorean.

Last year the company announced a new £140m contract for the Dunmurry plant.

Earlier this year Montupet's French parent company was taken over by family-run Canadian firm Linamar.

Last month Montupet said a £7m contract with Jaguar Land Rover "could open up" further major deals in the coming years, after it fought off stiff competition from European rivals.

Alan Malcomson, engineering manager at Montupet, said Brexit wasn't slowing the business down, and the company didn't have have "any immediate concerns".

"Its an important boost to us," he told the Belfast Telegraph.

Belfast Telegraph

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