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Straight's strong trading performance continues

Container supplier Straight has announced a strong trading performance for the first half of 2009.

Chief executive Jonathan Straight told MRW his firm had weathered a very tough storm and delivered good results. He said: The first half of the year is looking very good. It has been a good year so far. We are trying to communicate some cautious optimism for our traders.

We had problems with the retail side of our business last year so we took the decision to do a strategic review of that area of the business. We also reviewed our core trade business and looked at cost-efficiency.

Chairman James Newman added: Growth of the groups core trade business has been enhanced by contributions from both the Harcostar [garden products firm] acquisition, which was announced in January, and progress in corporate and overseas market.

The firm is expected to make £1.25 million of profit this year and is on target to meet its half year expectations.

Straight said that the company made a major restructuring plan in early 2008 so that the business was in good shape before the economic downturn arrived.

The firm has growing sales in Europe, Australia and North America and is exhibiting at the Waste Expo Exhibition in the states.

Straight said that the firm will continue to invest and continue to look for opportunities for new container solutions. He also hopes to expand into the corporate market and find non-municipal customers.

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