SHARES in troubled Scottish glass wool insulation manufacturer Superglass plunged 45.1% after it warned investors it needs to raise more money – less than two years after previously asking them for funds.
SHARES in troubled Scottish glass wool insulation manufacturer Superglass plunged 45.1% after it warned investors it needs to raise more money – less than two years after previously asking them for funds.
PROBLEMS: Superglass boss Alex McLeod facing extremely challenging trading conditions. Picture: Peter Devlin
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tim sharp city editor
The Stirling-based company, which employs around 190 people, said current trading continues to be extremely challenging and looming debt payments are unsustainable.
Superglass has been hit by delays in changes to the Government's green energy schemes that had previously led energy companies to fund insulation work, as well as muted housebuilding activity.
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