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Electronics Production | February 22, 2012

Record results for Electrolube

Electrolube has released its financial results, revealing it has recorded its highest turnover in its 70 year history.
The company achieved a year-on-year increase in sales of 24% in Europe alone compared to 2010, making 2011 the highest turnover year in the company’s 70 year history.

The group increased by 10% overall last year, the biggest turnover on record, and achieved this during a substantial year-long move to a new manufacturing and production facility in Leicestershire, UK.

Outlook

Despite the uncertainty surrounding 2012, Electrolube forecasts 10% growth in Europe this year. With offices in Brazil, China, Australia, USA, Germany and France, the electro-chemicals manufacturer expects to see continued growth of products throughout the year, particularly those developed specifically for LED applications.
These include the two-part optically clear silicone resin, SC3001, which saw record growth in China and Australia in 2011, the APL conformal coating and UR5562 resin for potting LEDs.

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