Wellington Holdings in buoyant mood
London-Specialist seals maker Wellington Holdings plc says it finished 2004 â€œon a buoyant note,â€ and expects Group results for the year ended 31 Dec 2004 to be â€œat the upper end of market estimates.â€ The group added that 2005 started â€œequally wellâ€ and it anticipates another year of growth.
Wellington has, meanwhile, confirmed the appointment of David Jones as chief executive officer. Former ceo Chris Wilkins will continue as a board member, with a specific role in expanding the group's international business.
The group added that demolition has started on the vacated half of its old manufacturing plant at Hampton, south of London, and construction of a custom-built facility will start soon. Relocation of some facilities into this factory is scheduled for the second half of 2005.