South Tyneside firm set to create jobs with over £8m turnover
North East based Metec Cathodic Protection (UK) is anticipated to exceed £8m in turnover in its third year thanks to the securing of several international contracts.
Founded in 2016, the anti-corrosion cathodic protection specialist has recently won a number of overseas contracts in the shipbuilding, offshore renewable and oil and gas sectors, with plans to expand domestic and international operations in 2019.
As part of its ongoing investment into the region, Metec intends to grow its North East workforce of engineers, welders and foundry personnel this year as well as install a new bulk melting furnace at its South Shields site.
Cllr Iain Malcolm, leader of South Tyneside Council, said: “I’m delighted that the firm is able to expand and provide another welcome jobs boost for local people. We look forward to supporting METEC as the company grows on an international scale.”
International plans include setting up consignment stock agreements for large users in Germany, Holland, Denmark, The Faroe Islands and Latvia as well as working with partner specialists in Nigeria and Tunisia.
Metec UK commercial director, Robert Forsyth, explained: “Our growth has come from a combination of industry contacts and the strong financial backing we have through our holding company.
“We’ve invested £3m in our machinery, facilities and staff to enable us to take advantage of the opportunities that are there.”
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