Apr 2, 2012, 11:11 AM by Ivan Zytynski

Well it was, all things considered, another good year for BETE limited. Its seems that despite the forecasts of economic armageddon the world still needs spray nozzle after all.  I guess its not really a surprise, nozzles are a key industrial component they are not really a luxury item and the laws of physics don't change just because of a down turn. Nozzles still wear at the same rate in recession as they do in boom.

What we have seen over the last couple of years is a some pressure on our prices and also have seen some of the new build projects being delayed. Whilst this has been disappointing business is still good and we continue to turn a profit an reinvest back into the business. 

Look forwards it seems that 2012 /2013 financial year will be the one were the recovery starts to get underway properly in the UK. We expect to see those new build projects start to come back towards the later half or the year and look forward to the upturn in business.