Wind Energy fills Cory Bros.’ sails
Cory Bros., an international agency and logistics services provider, is approaching 2010 optimistically after latest figures reveal it has generated a five-fold increase in profits over the past six months thanks to increased business across the board and particularly through its involvement in the United Kingdom's growing offshore wind energy sector.
Cory, which has offices throughout the United Kingdom and Singapore, is part of Braemar Shipping Services. Recently announced interim results revealed that Cory Brothers had sales of '16 million ($26 million), for the six months to the end of August, with a '1 million ($1.6 million) operating profit.
The company said it has created subdivisions Cory Energy and Cory Renewables to react to the recent growth in the renewable energy and wind farm industry, particularly in the United Kingdom's East Coast area.
'It's an interesting operation bearing in mind that most of this goes on offshore,' said John van Bergen, managing director, in a statement. 'These windmills are huge, absolutely staggering things.'
He said the company wants to extend its overseas network and get more involved in the energy business in the coming year.
Wind Energy fills Cory Bros.’ sails
