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.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline
Devolution needs financial firepower to drive growth
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it
Are you ready for salary transparency?
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap