HK Wentworth Limited, parent company of electro-chemical manufacturers Electrolube Australasia has reported solid results for their 2009/10 fiscal year.
Group managing director Ron Jakeman is pleased with the results, noting that a sales increase of 14% on the previous year was achieved in spite of challenging market conditions.
“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. Even more auspicious is that this sales success is continuing into the foreseeable future,” he says.
Jakeman is confident the company has placed itself in a position where it has the confidence to make major investments, with the announcement two months ago that the world headquarters and UK factory will be moving to new, larger premises.
This announcement comes barely two years after Electrolube Australasia moved their Chinese factory to bigger, more modern facilities with room for future expansion.