Hydrasun, a provider of integrated fluid transfer, power and control solutions to the global energy market, is looking to expand its operations with a £3million investment in its specialist manufacturing facility in Aviemore.
This is also being supported by a £500,000 development grant from Highlands and Islands Enterprise (HIE).
The expansion of Hydrasun’s Manufacturing Division, which is due for overall completion by September 2014, is in response to increased demand for high quality precision parts for specialist applications from key oil & gas customers worldwide and the requirement to increase Hydrasun’s own capabilities, capacity, flexibility and overall speed of response in line with this.
The investment will fund upgrades to its existing 1400m2 facility and also allow for the purchase of new specialist manufacturing equipment, creating 20 skilled new jobs. In addition to the investment from HIE, Hydrasun has also received training support from Skills Development Scotland (SDS).
Bob McAlpine, Hydrasun Chief Operating Officer, said: “The investment in Hydrasun’s Aviemore facility positions us well to meet the demands of the subsea market and realise major growth opportunities. The expansion will increase our manufacturing capacity and technical capability to offer bespoke innovative solutions to our customers.
“Furthermore the investment enhances our ability to offer an integrated and shortened supply chain, which will help reduce risk to our customers by standardising manufactured parts, enhancing product traceability and allowing full integration with their supply chain processes.”
Susan Addison, account manager at Highlands and Islands Enterprise, said: “We are delighted to be supporting Hydrasun to undertake such a significant expansion project in Aviemore. The company have long term plans and this investment shows that Aviemore remains fundamental to its global strategy.
“Hydrasun have already shown an impressive economic performance, with the company expanding significantly in the past few years. Investment in its employees and their training and development has proved integral to the success of the company and this will continue with this new expansion project.”
Press Release, April 22, 2014