Northumberland's IHC Engineering secure over £200 million worth of contracts
Stocksfield-based offshore engineering specialists IHC have secured export orders worth more than £200 million over the past year.
The firm are now planning further expansion and recruitment over 2014 to accommodate the contracts.
The work includes the design and build of a 2,000 tonne subsea pipelaying system for oil and gas giant Petrofac, as well as Flex-Lay systems for use in Brazil.
Jon Dale, IHC EB’s managing director, said: “We have taken some huge steps forward with ourplans for growth within the IHC Merwede group. In addition to a record order intake, we have seen significant development within all areas of the business.
“IHC EB is gaining increasing recognition as a leading exporter of high-quality offshore equipment and an employer of choice in the North East region’s important maritime market.
“The undoubted experience and expertise of our team is an excellent example of what the North East can deliver in terms of helping the UK’s recovery in the manufacturing sector.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East