A huge investment to drive growth – particularly exports – has landed Express Engineering a top honour. The Tyneside based Oil and Gas Division of the business picked up the Global Export prize at the annual Subsea UK Awards.
The success follows a six-year, £12 million investment programme which has seen the company’s turnover more than double to £45 million and direct exports almost treble to £19 million. Overall about 90% of production is used overseas.
Last year the business broke into the Sunday Times Virgin Fast Track 100 list which monitors the UK’s fastest growing, privately owned operations and was placed 52nd in the International Track league table for exports.
Said Group Chief Executive, Nigel Davison: “It is always nice to receive recognition for the improvements we make and so to do so at arguably the most prestigious awards ceremony in the subsea sector is great news.
“Export is the lifeblood of our business. We have invested heavily in our equipment, processes and people, networking and building relationships in all of the global oil and gas hubs. We’ve increased capacity and improved scheduling systems to co-ordinate the activity and logistics of complex full turnkey projects – enabling smooth and seamless deliveries all over the world.
“Consistently excellent performance, including on time delivery, quality and technical engineering support, has resulted in multiple global supply agreements with our key accounts. We now have a firmly established operation In Brazil and are seeking to replicate this model, through tried and tested technology transfer, in other regions.”
All of this has resulted in Express opening up new markets in Angola, Australia, Azerbaijan, Brazil, Malaysia, Nigeria, Norway, Singapore and the USA.
The Subsea UK Awards coincide with Europe’s largest annual subsea exhibition and conference, Subsea Expo. The event took place at the Aberdeen Exhibition and Conference Centre (AECC). The coveted awards highlight the achievements of individuals and companies throughout the subsea industry and bring together peers in mutual celebration of the UK’s leading position on the global stage.