UK distribution services provider UMECO continued its growth in what chief executive Clive Snowdon says was a "difficult" year. Principal new contracts came from Lufthansa Technik for aerospace chemicals and Bombardier for components. The company also acquired 80% of Tailored Logistics in February, completed its purchase of Advanced Composites Group and extended its supply contracts with Lockheed Martin. Snowdon says the demand for UMECO's outsourcing services "remains robust", with signs of recovery in the civil market and continued strength in the US defence market. Turnover increased 2%, to £184.5 million ($340 million), in a year when orders for new-build aircraft fell by 4%. Pre-tax profits stood at £9.6 million.
Source: Flight International
