Product category:
Plant Design and Construction
News Release from: Arc Energy Resources
Edited by the Processingtalk Editorial
Team on 10 January 2006
15% growth takes Arc Energy to GBP2.3
million
Eastington-based Arc Energy Resources has reported a 15% increase in turnover for 2005, almost doubling last year's growth figure to achieve a turnover of GBP2.3 million
Eastington-based Arc Energy Resources has reported a 15% increase in turnover for 2005, almost doubling last year's growth figure to achieve a turnover of GBP2.3 million The rise includes the largest single order in the company's eleven-year history - a GBP300,000 contract to supply specially clad components to an international manufacturer of sub-sea equipment
This article was originally published on Processingtalk on 4 Apr 2008 at 8.00am (UK)
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Commenting on the sustained Arc Energy growth, managing director Alan Robinson says demand for the company's special weld overlay cladding and fabricating skills remains strong in its traditional oil and gas market, with a substantial increase in enquiries coming form existing customers and a 20% rise in enquiries from new customers.
He adds that direct exports now account for between 10% and 15% of sales, and a significant additional proportion of the company's turnover is shipped overseas by UK customers supplying export contracts.
To cope with the extra work Arc Energy has employed extra staff during 2005, including a new QA and welding engineering manager, three more skilled welders and four new support staff.
A further 6000 sq ft of space has also been acquired to create dedicated production centres for its core fabrication and weld overlay cladding businesses.
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