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Tuesday, May 26, 2020

Inverurie oil sector companies in joint growth venture

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Aberdeenshire-based oil field equipment suppliers, Cable Solutions Worldwide Ltd and ESWL, are expanding their businesses and moving their head offices to Blackhall Industrial Estate, Inverurie.

With support from a six-figure funding package from Royal Bank of Scotland, the recently completed office, co-owned by Cable Solutions and ESWL, will allow the design and manufacturers of bespoke cable solutions to expand into the international oil and gas market.

Cable Solutions Worldwide Ltd provides off-the-shelf and bespoke design, manufacturing, supply and project management facilities to the oil and gas, subsea, ship building and renewable energy sectors.

It is hoped the larger, purpose-built space will increase productivity and allow the firm to take on new members of staff, in addition to widening its product reach.

Building co-owners ESWL, a procurement company to the local and international energy sector, is also hoping to expand its sales and engineering team in the next year.

Colin Fraser, Director of Cable Solutions Worldwide, said: “We’ve come through a relatively turbulent period within the subsea and oil and gas sectors and are now looking to expand into more robust markets.

“The purpose-built facility will allow us to increase the cable assembly process, provide more diverse products, stock more of our customers’ favourites and provide jobs to the local economy.”

Iain Dougary, Director of ESWL, said: “It’s positive to see other north east businesses growing and confidence returning to the sector. Our new Inverurie premises will allow us to strengthen our existing team, by hiring new team members in our sales and engineering workshop.”

Martin Ramsay, relationship director at Royal Bank of Scotland, said: “The growth plans of both Cable Solutions and ESWL are a prime example of confidence returning to the oil and gas sector within Scotland, benefitting the local economy greatly.”

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