Economy of Lincoln
When owned by GEC in the late 1960s and early 1970s, many (if not the vast majority) of Lincoln engineering firms did not survive difficult financial conditions. This included Clayton Dewandre, (who made vacuum and air-pressure brake servos and associated equipment for commercial vehicles). W.H.Dorman had been bought by English Electric in 1961 and took over an old R & H factory on Beevor Street. Dormans would be bought by Perkins in 1993, then closed in 1995.
Only the GEC group of companies in Lincoln (including Dormans) survived the 1970s. The company actually expanded during this difficult time, helped by the fact that 80% of its engines were exported and the North Sea oil industry was rapidly expanding at this time, which required portable electricity generation and heating.
Read more about this topic: Ruston (engine Builder)
Famous quotes containing the words economy and/or lincoln:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Much is being said about peace; and no man desires peace more ardently than I. Still I am yet unprepared to give up the Union for a peace which, so achieved, could not be of much duration.”
—Abraham Lincoln (1809–1865)