Under the changes, the company will focus its activities on a new company under the UPM Conveyors name The Langley-based ancillary equipment supplier UPM Group is restructuring in the face of what director Roy Fowler calls the sharpest business decline in his 40 years in the industry, coupled with a hefty bad debt and loss of two sub tenants. Not only has its material handling systems and ancillary equipment been hit, the business has also seen a sharp decline in sales of its award winning infra red drying systems for PET. Here, Fowler told prw.com, customer interest remains strong but finance constraints on capital equipment are preventing orders from being fulfilled and placed. “It’s purely a finance issue,” he said. In addition to the business conditions, Fowler also points to the level of order cancellations from plastics industry customers because of the credit squeeze. However, conveyor belt and system sales have held up better, said Fowler, both at home and also abroad, where they have been boosted by the weakness in the value of sterling. The newly named UPM Conveyors will continue to provide full spares and service support to existing customers of material systems and IRD as well as selling new equipment, especially IRD. Its main focus however will be conveyors.