Hydro Group Reports International Growth

Press Release
Tuesday, March 12, 2013
Doug Whyte, Hydro Group managing director with Steve Ang, who will head-up the Hydro Group Singapore office. Photo: Hydro Group

Aberdeen-based Hydro Group Plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, sets sights on further international growth with opening of new Singapore office.

Singapore currently represents Hydro Group’s second largest export market, with the Group identifying more than £1million of potential sales in the region per year.

The new office will support Hydro Group’s increasing presence in Southeast Asia and offer its range of subsea optical cables, electrical cables and connectors to the wider energy and defense markets in the region.

Headquartered in Aberdeen, Hydro Group currently employs approximately 80 staff and saw turnover rise from over £5million in 2011 to over £6million 2012.

In recent years, oil and gas has accounted for more than 60% of the Group’s sales and consolidating its position will facilitate development of stronger links with the energy sector in Southeast Asia.

Malaysia has the 21st largest crude oil reserves with total domestic reserves estimated to be 20.9 billion barrels of oil equivalent; Malaysia and Indonesia combined produce approximately two thirds of the annual U.K. and Norway oil and gas output.
 

www.hydrogroupplc.com

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

Obituary: Yacht Designer Jörg Beiderbeck

Jörg Beiderbeck, recognized as a figure among the world’s top megayacht designers, has passed away at the age of 69 on the evening of Sunday, August 2, at his home in Bremen-Vegesack,

Subsea Defense

Thai Navy Lobbies for More Submarines

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading

Brazilian Police to Probe Nuclear Submarine Program

Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S.

Japan Seeks Australian Submarine Contract

Japan will send a high-level delegation to Adelaide for talks on building Australia's next-generation fleet of submarines.   A former commander of the Japanese

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4350 sec (2 req/sec)