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Monday, 23 July 2007, 14:54 GMT 15:54 UK

Troubled motor firm wins £1m work

Inside the LSE factory New orders worth £1m plus a full order book have made the future more secure for 100 staff at an engineering company recently bought by an Austrian firm.

Newly-named ATB Laurence Scott has been based in Norwich for more than a century but cash flow problems put them in administration earlier this year.

A spokesman for the new owners said the skills of the workforce had helped win the new work.

The firm makes motors for the oil and gas industry, ships and power stations.

The Vienna-based ATB group bought Laurence Scott Electromotors after it called in the administrators.

ATB said Laurence Scott had an existing order book worth about £17m and this was boosted in June with £1m more work.

In May more than 80 of the 200-strong workforce at Laurence Scott - founded in 1883 - were made redundant.



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Related to this story:
Troubled industry motor firm sold (23 May 07 |  Norfolk )
Administrators take over company (09 May 07 |  Norfolk )
Firm's sale could safeguard jobs (26 Apr 05 |  Norfolk )
Firm to close with 250 job losses (22 Jan 04 |  Norfolk )

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