A Dundee-based engineering group – which specialises in precision CNC machining for the oil, gas, and aerospace industries – has invested £450,000 to boost its current machining capabilities.
The investment has allowed for the purchase of a new NTX2000 machine, supplementing an existing four-year old machine that is currently operating at 100 hours per week.
This will be used to produce high-tolerance precision components in fewer operations at GA North West, which is part of the Pryme Group.
Angus Gray, Chief Executive, Pryme Group, said: “This investment provides a timely boost for the team at GA North West, and follows an encouraging period of growth that reflects the increasing demand for the company’s specialist services from clients in the oil and gas, defence and aerospace industries.
“The new machining centre will make a real difference in terms of the size of projects that the team can handle as well as faster delivery times for clients’ projects.”
The new twin spindle, five-axis machine will help alleviate some of the pressure from the existing machine by providing an additional 6,000 production hours annually; allowing the company to support several major long-term contracts and develop new business.
The business, which currently employs 40 people, is looking to increase its market share and add further personnel to its workforce.
Meanwhile, Aberdeen-based Wood Group has won a multi-million dollar contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala.
Wood will manage the day-to-day operation of the SAGE system, which transports gas through the 160-mile pipeline between the northern part of the Central North Sea to the SAGE terminal at St Fergus, Aberdeenshire, where it is processed on behalf of North Sea gas producers.
The contract follows Ancala’s acquisition of Apache North Sea’s interest in the assets.
London-based Ancala Partners is an independent investment manager which last year also bought Perth-based Green Highland Renewables.
21 Nov 2017