Some blue-chip companies don’t shout about themselves much; they just quietly get on with trying to make money. One of these is Spirax-Sarco Engineering, an £8.4 billion industrial manufacturer whose specialist pumps and valves are in widespread use across multiple commercial sectors, from consumer goods to oil and gas to healthcare.
The company, an expert in steam and thermal energy, has long been a performer, both financially and on the stock market — and its shares do not come cheap.
But while there is plenty that it can do to control costs and margins and make sure that its products are top drawer, a good deal of its fate lies in the health of the customers in the industrial markets that it serves.
Spirax-Sarco
