North East offshore specialist Tekmar Group is toasting a £1.6m contract for projects in China.
Newton Aycliffe based Tekmar – which has five operating companies providing technology and services for the global offshore energy markets – has announced a significant new contract award to supply 100 cable protection systems for use on multiple offshore wind farms in the Shangdong and Guangdong provinces of China.
The contract value is for £1.6m and the systems are expected to be delivered through 2022. The firm has announced a number of significant deals in recent months, including deals for an offshore wind farm project in Japan and a contract to provide an integrated engineering solution, including cable protection systems, for an offshore wind farm project in the US.
Read more: Tekmar puts itself up for sale after suffering major losses
At the start of the year it also announced a $10m contract to provide pipeline support and protection materials for a major subsea construction project in the Middle East.
Alasdair MacDonald, CEO of Tekmar Group, said: "This award is a continuation of our recent contract momentum and builds on our success in the important Chinese market. The contract reflects the hard work of our team in Shanghai and strengthens the group’s presence in the region, supporting our global growth strategy."
In half year results the group unveiled a record order book of £20.1m, which it said demonstrates how its cable protection systems are driving and de-risking complex subsea engineering projects, while also providing an indicator that the level of market activity is improving.
The group’s five primary operating companies are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited, and it has bases in Darlington, London, Newcastle, Lowestoft, Montrose and Blyth, as well as strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.
Earlier this year the company launched a formal sale process but has said that, in the meantime, it is business as usual for Tekmar.
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