Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Tilbury turns to South America

SOUTH EAST Asias economic crisis has forced Tilbury Douglas to divert effort into the high margin construction equipment hire market in South America.

The company will retain a presence in Hong Kong and Taiwan where infrastructure spend is still strong but, having opened a hire business in Chile, it plans to open another in Argentina this year.

Total group profits were boosted by a strong performance in the Middle East and Britain plus a return to profit in Continental Europe. Group pretax profits were up to 22.3M from 19M while turnover increased to 523M from 478M.

Profits from contracting and equipment hire in the Pacific Rim fell sharply last year as orders dropped and construction workload dried up. This saw operating profits from the region plunge to 47,000 from 5.3M in 1996. Turnover in the Far East fell from 21M to 13M.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.