NORTH-EAST company AMC Engineering says it is on track to report record turnover for its current trading year.
AMC, based at Findon, near Aberdeen, manufactures, instals and maintains torque equipment – known as bucking machines – for oil and gas service companies working in Africa, the Americas, Europe, the Far East, Middle East and Russia.
Turnover for the six months to the end of October came in at more than £7.5million and the company – founded in 1988 – is predicting a full-year record of more than £14million.
Managing director Andrew Polson said: “When I took control in 2004, the annual turnover was £1.4million and now we are averaging that for our monthly revenue, representing a 1,000% increase in seven years.
“That is a remarkable achievement and testament to the hard work and dedication of our excellent team.”
AMC has recruited 25 staff over the past six months and expects to add further to a workforce of more than 80 people before the year-end.
The firm’s expanding payroll – from just 12 workers in 2004 – includes 10 staff at a new 2,500 square-foot service hub in Houston, Texas.
Mr Polson said: “We have come a long way in a fairly short time and anticipate that growth to continue, both financially and geographically. Following on from previous successes enjoyed in the Houston area, the new service centre will undoubtedly have a positive impact; focusing on the entire Americas from Canada to Brazil. We are already looking to the eastern hemisphere for a location for another base. Australia is emerging as a front runner in that discussion.”
He added the company was also committed to expanding its workshop at Lybster in Caithness at the earliest available opportunity.