Solid year of progress for Chamberlin

Posted on 11 Jun 2017 and read 480 times
Solid year of progress for ChamberlinRevenues have passed the £30 million milestone at Walsall-based castings and engineering group Chamberlin, which makes castings for the automotive, construction, power generation, steel and rail industries. In the year to 31 March 2017, the group’s revenues increased by 10 % to £32.1 million. However, its pre-tax losses widened to £927,000 (from £261,000) following a £1.1 million loss from discontinued operations. Its underlying pre-tax profit for the period was £593,000 (www.chamberlin.co.uk).

Chairman Keith Butler-Wheelhouse said: “Chamberlin made important strategic and operational progress over the year, which will help to support a significant new phase of growth. We have further developed Chamberlin’s product offering with a significant investment in a machining facility in Walsall.

“Opened in the final quarter of the financial year, it improves our competitive positioning and will support further growth over the new financial year. It also underlines our ability to deliver a world-class product at a globally competitive cost.”

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