A Glasgow medical products firm has gone into liquidation with the loss of 43 jobs in Scotland and 70 in Shanghai.
Frank Sammeroff is based in the Nitshill area of the city and specialises in making first aid kits and surgical dressings.
It was set up 71 years ago and sold to customers in the UK and abroad.
Its recent expansion into China is understood to have been timed badly when the economy was going into decline.
Anne Buchanan, of accountants PKF, has been instructed by directors of the company to place it into voluntary liquidation.
She said: "It is always sad to see the end of any business but particularly poignant when it is a very long established one.
"The after effects of the recession continue to be felt among a broad range of businesses in Scotland and I believe that there will be more corporate failures to come as the economy braces itself for further public sector cuts and the aftermath of the comprehensive spending review."