Aberdeenshire-based Ace Winches has unveiled ambitious plans to invest £5.2 million with the opening of a new facility in Houston.
Work has begun to install the first length of cable for what will be the world’s largest wind farm, firing the starting pistol on offshore construction.
It is our responsibility to foster the interest and enthusiasm in young people for a career that will continue to sustain our industry with the skilled workforce it will need in the decades to come.”
Alternative lender ThinCats has revealed its £13.5 million backing for north-east businessmen Alfie Cheyne buying back the company he founded, Ace Winches, from Balmoral Group.
Ace Winches founder Alfie Cheyne has “exciting plans for the future” after taking back control of the business from investor, Balmoral Group.
ACE Winches is planning to make more than a dozen redundancies at its Aberdeen headquarters as part of a business restructure.
Balmoral Group has sold ACE Winches back to founder and former chief executive Alfie Cheyne after the relationship between the two north-east businesses soured.
Ace Winches said yesterday its £3.7m cash balance at the end of February was a “strong platform” for its future growth.
A pair of north-east oil and gas business heavyweights will bring their bust-up before a court later this year.
Aberdeenshire-based ACE Winches, a Balmoral Group company, has successfully completed a shore-pull project for a 2.7km 30” gas sales export pipeline for the Karish gas development field in the south-east Mediterranean Sea, offshore Israel.
Balmoral Group has said it remains “absolutely committed” to the growth of its Ace Winches subsidiary after announcing major changes at the top of the Aberdeenshire deck machinery specialist.
Balmoral Group has given Ace Winches a fresh cash injection and become majority shareholder of the Aberdeenshire deck machinery specialist, new documents show.
With the focus of the oil and gas industry on Aberdeen as the city welcomes Offshore Europe 2019 to new venue P&J Live, the global engineering, manufacturing, rental and service company ACE Winches is looking forward to exhibiting in the Scotland Pavilion.
Lifting specialist Ace Winches is looking to pull in new customers with partnerships in Europe and the Middle East.
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
A north-east firm that was badly hit by the oil and gas downturn is flourishing four years on thanks to a £10 million investment from the Balmoral Group.
Ace Winches delivered a pioneering new product for the installation and pull-in of two steel catenary risers on the Buckskin deepwater development in the Gulf of Mexico.
ACE Winches' Norwegian branch has strengthened its Scandinavian presence by relocating to the centre of Stavanger and hiring a new sales and business development manager.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
North-east firm Ace Winches’ drive to grow its international business has gained further momentum with key appointments in Norway and Egypt.
A north-east deck machinery firm is back in the black after what has been a challenging two years for the oil and gas industry.
Balmoral Group owns more than a quarter of Ace Winches after the two north-east engineering firms struck a multimillion-pound deal, it emerged yesterday.
Two of the north-east of Scotland's best-known entrepreneurs have struck a £10million deal giving one of them a stake in the other’s business.
Ace Winches has warned up to 30 staff they are at risk of redundancy, including six apprentices.
ACE Winches has landed a spooling contract for Shell's Prelude Floating Liquefied Natural Gas (FLNG) project.