Wellington sees good margins, high order levels

By Liz White, ERJ staff
Polymer seals specialist Wellington Holdings plc increased its turnover and operating profits, whilst margins rose to an “exceptional 15.6 percent (H1 2003 11.4 percent)” for the first half of 2004, according to chairman Brian Kent.

Wellington’s strong global presence in the energy sector, in components for oil wells, the gas industry and longwall coal mining, was “the platform for our good performance,” said Kent.

Oil and gas drilling continued to be strong in North America, where Wellington’s oil and gas sales…

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