Changes in legislation on vehicle exhaust emissions have produced favourable results for John Elder and Michael Holt since they founded their Staffordshire company in 1998. They claim it is the largest British distributor of stainless-steel tubes used in products such as exhaust-gas recirculation systems for diesel cars. The company says it supplies more than 10m tubes to the automotive industry each month, as well as to manufacturers including Honeywell and BAE. Sales shot up 78% a year from £1.6m in 2004 to £9.1m in 2007.
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