UPDATE: Nuplex balance sheet strong enough to fund capital intentions, organic growth

Mon, 25 May 2015

(Updates, recasts with CEO comment throughout) By Paul McBeth May 25 (BusinessDesk) - Nuplex Industries, which makes resins used in industrial coatings and paint, has enough cash to fund development plans across Asia, which it sees as underpinning organic growth, says chief executive Emery Severin. The manufacturer's executive team updated investors on its growth aspirations, which project a 64 percent gain in sales across Asia by 2018, and double-digit earnings before interest, tax, depreciation and amortisation in 2016 through to 201...

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