An Aberdeenshire-based hydraulic equipment firm has invested over £1million to establish a new workshop in order to meet growing demand in the energy sector, both renewables and oil and gas.
North-east entrepreneur Jeanette Forbes was recognised for her significant contribution to the UK offshore energy sector in a “virtual” awards ceremony tonight.
The glitterati of the oil and gas industry were treated to a spellbinding evening of food, drinks, music and dancing at The Press and Journal Energy Snow Ball on Saturday.
ITC Hydraulics has launched a new rental division, investing more than £200,000 to get it up and running.
The firm, which deigns, manufactures, services and refurbishes a range of specialist equipment for clients including Subsea 7, Aker Solutions and Oceaneering, said it was seeing increased demand for rentals.
It previously sub-contracted rental work but is now taking it all in-house.