Walker Technical Resources (WTR), an Aberdeen business specialising in composite pipe repairs for the oil and gas industry, yesterday unveiled some key deals on its way to further global expansion.
The company, founded by John “Tiny” Langler in 1992, said it had expanded its international distribution network to include Brazil, South Africa and Azerbaijan as well as further strengthening its position in Norway.
WTR managing director Graham Birnie said the moves, prompted by growing demand for its Technowrap technology, would play a big part in plans to increase annual turnover by £5million to £9million by 2012.
“The expanded Technowrap distribution network our new partners will provide is an important part of our global expansion strategy,” he added.
The company now exports its Technowrap composite pipeline repair systems to countries including Angola, Azerbaijan, Equatorial Guinea, Brazil, Norway, Canada, Egypt, Oman, Nigeria, Brunei, Yemen, Qatar, Libya, the United Arab Emirates and South Africa.
Its latest service distributor agreements are expected to generate in excess of £1million within the first year.
The deals see Aberdeen-based energy service company Wood Group Brazil become the sole provider of WTR’s products in Brazil.
South African firm Rhokana Engineering and Azerbaijan’s Absheron Engineering will supply their respective markets, while WTR products are being supplied in Norway through Norwegian firm Norse Cutting Abandonment.
A WTR spokeswoman said the strategic alliances would help it satisfy the growing demand for engineered composite repair technology in a string of key oil and gas markets around the world.
Engineers from Wood Group’s team in Brazil recently travelled to Aberdeen for WTR product training and similar instruction for the other new distribution partners is now under way.
Bridge of Don-based WTR currently employs 30 people.