Tyneside engineering specialist increases international sales by 131%
A Tyneside engineering specialist has announced that it has seen international sales climb by more than 100 per cent over the past two years.
Express Engineering, which specialises in equipment for the subsea energy industry, saw international sales grow by 131 per cent.
The company has also more than doubled exports to £21m, and through its strategic partnerships with customers has grown revenues from £19m to £36m in the year to September 2020.
Expansion has come with a “dramatic” growth in exports, with particular success in the USA, Norway, Brazil and Indonesia.
Chris Thompson, chairman of Express Engineering, commented: “This is a fantastic achievement for the leadership team and entire workforce at Express Engineering.
“It is a tribute to the strategic focus we’ve placed on becoming a leading global player in subsea markets and being known for delivering a range of highly complex products to customer specification and quality standards, on time and at a competitive cost.
“Despite a turbulent pandemic year, we have a healthy order book for 2021 and anticipate significant market sector growth in the next three years. Our export markets remain strong.”
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