Member Article

£3m investment for Teesside business

A Teesside based company is investing over £3 million in its facilities on the River Tees to further develop its oil and gas services.

AV Dawson has already investing £120,000 on increasing water depths to 8 metres, and will now spend a further £3 million on extending its quayside by 200 metres to allow larger vessels access to its 1,000 ft wharf.

This funding is part of a £10 million investment secured by AV Dawson from the government’s Regional Growth Fund. The reminder of the money will be used to develop the rest of the companies’ 60-acre site at Riverside Park, Middlesbrough.

The facilities, which supply services to the North Sea oil and gas industries, is currently being used byModus and GEMS to charter and fit out offshore support vessels and other offshore related fabricators.

Gary Dawson, managing director of AV Dawson commented: “We are creating an environment for our clients to grow their businesses and to satisfy the changing needs of their industries.

‘By consistently investing in improving facilities we have strengthened the quay, improved the capacity of shore cranes for heavy lifting and we are soon to embark on the largest single investment in the quayside’s history. The opportunities for our clients will be vast.“

This was posted in Bdaily's Members' News section by Ruth Mitchell .