Electrolube reports outstanding year end results

Ron Jakeman, Group Managing Director said: “It just goes to show that all the hard work and dedication from all of the HK Wentworth team has resulted in a successful year allowing me to announce a spectacular sales increase of 14% on the previous financial year, together with a most satisfactory bottom line. Even more auspicious is that this sales success is continuing into the foreseeable future: this is in the face of challenging market conditions and contrasts with the difficulties being experienced by many of our competitors.”

Electrolube is continuing to expand and position itself for continued growth in the future, with the announcement two months ago that the world headquarters and UK factory will be moving to new larger premises. Only two years ago their Chinese manufacturing site in Beijing moved to bigger, more modern facilities with room for future expansion.

Jakeman continues: “We have placed ourselves in a position where we have the confidence to make major investments, not only in the new facility, but also by allocating significant resources into entering expanding markets. During the coming days, I will be revealing details on the timing of the move into our new headquarters.”