CANTON, Mass. (April 2)—Plymouth Rubber Co. Inc.'s first-quarter loss widened to $1.38 million compared to a loss of $127,000 during the same period of 2002. Sales dropped 3 percent to $13.5 million. The company attributed its earnings decline to difficult market conditions as well as rising costs for raw materials, energy and insurance. The manufacturer of highway marking products and automotive, insulating and industrial tapes and films expects new sales initiatives combined with a seasonal upswing to improve its financial performance in the second quarter and beyond.
Plymouth Rubber reports $1.38 million loss for first quarter
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