Electrolube up 29% for first half 2017
Electro-chemicals specialist Electrolube has seen a 29% increase in turnover in the first six months of the year. What the company describes as a “powerful” global performance has been delivered across all territories, particularly Electrolube’s Chinese operation. The companies’ increased investment for the new manufacturing facility in Bangalore, India has also produced significant benefits.
Ron Jakeman, Group Managing Director of Electrolube (pictured), said, “2017 has been a remarkable year so far for Electrolube. One of the best and most encouraging aspects of this years’ results so far, is that this is not localised – all of our global subsidiaries are literally booming. China has seen some staggering increases and healthy growth has been achieved in Europe, India and the USA. Looking ahead to the rest of this year, we will continue to invest in our business to support our ambitious plans for growth and gear the company even more intensively towards emerging technologies, product expansion and new business development.”
The company has made a significant investment in R&D to leverage production of next generation products, a process that is already demonstrating successful results with the launch of the market's first two-part Conformal Coating system, the 2K series, which combines the performance of a resin with the application of a coating. The technical support team has also been strengthened with additional resources to meet expansion needs and to extend support to customers worldwide. Strategically, Electrolube has made key senior appointments to head up expert teams across product divisions, further developing Electrolube’s position as a key global supplier to the market.