Profit Warning For Avon Rubber

Avon Rubber, British supplier of components for the automotive industry and not to be mixed up with the tyre manufacturer Avon, has released a profit warning. Due to pricing pressure and the strong British Pound the company will probably not achieve the profits expected. Experts think that Avon Rubber is too small for a global market, while the company itself recently blamed falling car production in the UK for the drop in annual profits.