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S. SMITH TO EXPAND AGAIN

20th November 1959, Page 37
20th November 1959
Page 37
Page 37, 20th November 1959 — S. SMITH TO EXPAND AGAIN
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ANOTHFR expansion programme for the production of automobile components is announced by Mr. R. GordonSmith, chairman and managing director ot S. Smith and Sons (England), Ltd., in his annual statement. A three-year expansion project has only recently been concluded.

He says that the new extensions will be undertaken in the knowledge that there may be periods when the increased capacity will not be fully used. It is estimated that this year the company's total expenditure on fixed assets will exceed provisions for depreciation by nearly £14m.