December 19 2014 Latest news:
Shaun Lowthorpe, Business editor
Monday, January 6, 2014
Lowestoft-based Wellington Construction has announced a £160,000 investment in new vehicles and plant, which the firm said reflected its growing order book and an optimistic outlook for 2014.
The firm has placed a £61,000 order for five new vans and one pick-up truck with Norwich-based Duff Morgan, and a £103,000 order for two JCBs with Wymondham-based Watling JCB.
The vehicles are already seeing action across the company’s commercial and residential developments, ranging from office and light industrial construction on Gorleston’s Beacon Park, through the development of new affordable homes throughout the region, and even the renovation of historic buildings such as the 18th century former merchant’s house in King Street, Great Yarmouth.
James Ollington, construction manager, said: “This investment is another sign of the optimistic outlook we are seeing across the construction sector. Last year (2013) has seen strong growth for the company, and we are bringing forward more new developments for the new year.
“The fact that we have bought these vehicles from local dealers underlines how the recovery in the construction sector is benefitting the wider economy – in fact, construction is a key foundation for the health of the overall economy. We are delighted to be spending money locally, because as a locally-based firm, we also benefit from a thriving local business environment.”
Lee Hagan, area sales manager at Watling JCB said: “Our firm’s success is closely tied into the health of the construction sector, and when we see local firms such as Wellington investing in new plant, it is a good indicator that the tide has turned and that the sector is looking ahead with confidence. It is particularly pleasing to see a locally-based firm investing – that speaks volumes about Norfolk’s economy.”
Aaron Frisby, business centre manager at Duff Morgan, said: “Although we supply commercial vehicles to lots of sectors in the local economy, we do recognise the importance of construction in underpinning the recovery, so it is particularly pleasing to be supplying one of our most successful local construction companies at this time.”
Question marks surround the fate of several development projects in and around King’s Lynn after the developers behind the project went into administration.