Market leading manufacturer of hazardous and harsh environment HVAC products to the oil and gas industry, HVAC & Refrigeration Engineering is predicting another successful year following record growth in 2013.
The outlook comes after the Aberdeen-based company reported an order book exceeding £11m at the end of the first quarter of its new financial year, a figure that exceeds its total sales for 2012-13, with the firm growing in both domestic and international markets.
HVAC & Refrigeration Engineering managing director, Raymond Davidson, said:
“We won a number of significant orders towards the end of 2013, some of the biggest in our company’s 15-year history. This period of growth is a great reflection of our commitment to provide our customers with a complete service that includes design, manufacturing, installation and maintenance.”
“The North Sea oil and gas industry had an excellent 2013 with significant levels of investment and the lifetime extension of many of the region’s major fields and we expect this trend to continue throughout 2014.”
In addition to the expected growth in sales the company is also committed to investing £3m in new premises this year, which will include a custom built manufacturing facility in Aberdeen as it looks to build a solid foundation for future growth and keep up with demand.
Mr Davidson continued:
“These new premises will represent a logical step for us as a business and help us continue to grow and develop our offering, both from a product perspective and geographically. As a result, it is predicted that we will increase our 90 staff by as much as 20% over the course of 2014. As a specialist engineering and manufacturing company in a niche market we are finding increasing demand for our products and services on an almost daily basis, from international oil, gas and petrochemical related clients.
“Our expertise in designing and building ATEX certified HVAC products and systems is becoming well known within an ever increasing number of major engineering, procurement, construction, drilling companies and operators in the energy industries worldwide.”
HVAC & Refrigeration Engineering specialises in the manufacturing of ATEX certified HVAC products and systems for hazardous and harsh offshore, onshore processing and marine environments.
The firm’s Hazcool product range is recognised as a market leader in hazardous area equipment.