Marine engineer seals $1.5 million Middle East deal
A marine engineering firm has strengthened its order book with a $1.5 million deal.
Tekmar Group is set to supply subsea protection apparatus to a Middle Eastern port development.
Bosses say the agreement – secured with an existing customer – reflects the County Durham-headquartered firm's “significant value in the ports and harbours sector”.
They add the equipment, set to be delivered later this year, will “provide long-term stability and protection for port infrastructure in challenging marine conditions”.
Richard Turner, chief executive at the Newton Aycliffe-based business, said: “This award highlights our continued success in developing a more diversified global footprint.”
The deal comes just days after the County Durham-headquartered firm cheered its best-ever order book following a £7 million-plus wind farm contract.
The company also includes Pipeshield, which supplies equipment to protect subsea energy lines, and the Ryder-branded engineering consultancy, which has offices in Newcastle, London and Glasgow.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector
Why investors are still backing the North East
Time to stop risking Britain’s family businesses