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Bottle-top maker's profits rise

LACKLUSTRE economic conditions have not put a stopper in revenue growth for Bridge of Allan-based bottle-top maker United Closures and Plastics (UCP), which posted a 7.5% rise in turnover to £92.8 million plus a profit hike.

The company, which caters to UK spirits companies from its base in central Scotland, saw pre-tax earnings grow 5.4% to £5.8m in 2011. Its directors said: "Sales have increased from 2010 levels due primarily to business growth with some raw material price increase recovery."

French-owned UCP's success has come as spirits producers have benefited from demand for luxury goods in Asia.

UCP spent £1.5m on research and development during the year and is likely to benefit from concerns over product security.

"We are well-placed to work with our customers to ensure high quality security systems, suitable for the products and markets, are commercially available," the directors said. "The company will also continue to seek new geographical markets where there is a growing demand for our product range."

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