Jim McColl hits out at stock market value of firm

Image caption, Clyde Process Solutions operates around the world

Entrepreneur Jim McColl has criticised the low stock market value placed on one of his companies.

Mr McColl said Clyde Process Solutions had performed strongly with profits of 拢4.6m.

However, he said he was "disappointed" at the continuing low value placed on the group.

The engineering company, which is part of the Clyde Blowers group, operates around the world.

It provides systems to move and process chemicals, metals and minerals.

The company said it was moving in to the sugar and petrochemicals business and had secured 拢9.3m from a leading US sugar producer.

The company's market value is nearly 拢17m, although its latest financial statement showed that net assets stood at 拢37m.

Mr McColl said: "We are reviewing ways to maximise value for our shareholders as a priority."