3sun Invests in Future Growth

MarineLink.com
Monday, October 28, 2013
Graham Hacon, managing director at 3sun Group

Great-Yarmouth based 3sun Group, a specialist provider of products and services to the global energy industry, has reported a turnover of £13.7 million for the financial year 2012/13.

The company’s turnover increased almost threefold from 2010/2011, going from £2.4million to £6.5million, and almost doubled from 2011/2012 with an increase to £11.4million.

Its projected turnover for the 2013/14 financial year is on track to be £25million, following the recent acquisition of RRC Controls Services, an established manufacturer of subsea control systems for the offshore oil and gas industry. The company is now a wholly owned subsidiary of 3sun Group and it is expected that 40 new jobs will be created between Aberdeen, Gourdon and Great Yarmouth within the next 12 months.

Graham Hacon, managing director at 3sun Group, said, “The company has grown steadily and significantly throughout its six years in operation. Due to the impressive financial outcomes of the past few years, we have used 2012/13 to re-invest some of the company’s funds into increasing 3sun Group’s capabilities and global presence. This is in order to reach a number of future milestones, and will be highly beneficial in the long run which is evident from our 2013/14 financial predictions.

“We have established a strong base in the U.K., and the acquisition of RRC Controls Services has bolstered our footprint in Aberdeen whilst giving us the ability to serve the global subsea market, offering full turnkey engineering solutions. This is set to create additional jobs across the Group, whilst providing an increased support structure to our clients.”

As part of its move to increase global operations 2012/13 has seen 3sun Group opening new bases in both Denmark and Germany. The Group also acquired the 3sun Academy, providing technical and vocational training across the U.K. and Europe, as well as becoming an agent for Outreach.

Mr Hacon continued, “Our relationships with current and prospective customers, and what we can offer them, remains at the forefront of all that we do. A fundamental part of the decision to open new bases was to ensure that we are working closely with our clients in the regions in which they operate, and maintain these strong working relationships.

“We also remain focused on our headquarters in Great Yarmouth, having invested £500,000 in new purpose built premises in the region. We currently have plans to add 40 employees each to our Great Yarmouth and Aberdeen bases.

We look forward to continuing to support the local economy and providing employment opportunities in the regions.”

The group said it has a strong ethos for identifying and investing in talent, with ambitious efforts to train the workforce of tomorrow. It has undertaken a number of recruitment initiatives this year including targeting those who are ex-forces, school leavers and recruited an entire years’ intake of Engineering and Construction Industry Training Board apprentices.

Mr. Hacon continued, “Taking on apprentices is a big expense and responsibility, costing anything between £10,000 - £20,000 per apprentice per year, however it is an investment we are willing to make to help progress the industry.”

2012/13 also saw the Group created 100 new jobs in response to growing demand for its products and services across the U.K. and Europe, in order to increase manpower within its technical teams.

3sun Group comprises 3sun, a supplier of instrument and control products and services, 3sun Inspection Services which offers a full range of equipment inspection and testing services in the energy sector, Dawson Energy, an industry leader in delivering installation, and maintenance services for wind turbines, 3sun Academy, a specialist provider of technical and vocational training across the U.K. and Europe, and RRC Controls Services, an established manufacturer of subsea control systems for the offshore oil and gas industry.

Since the company was established six years ago, it has grown from an initial team of one to now employing 240 people across its headquarters in Great Yarmouth, England and bases in Oban, Aberdeen, Chester, Bergen Norway, Germany and in Esbjerg, Denmark.
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Finance

DryShips: Public Offering of Its Senior Secured Notes

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

Energy

Leak May Sideline New Mexico Nuclear Waste Site

It may be five years before a nuclear waste dump in New Mexico closed by a radiation leak is fully operational again, and the facility will need at least $240

Imperial Oil Completes Maintenance at Kearl Oil Mine

Imperial Oil Ltd said on Tuesday it has completed a two-week major maintenance turnaround at its 110,000 barrel per day Kearl oil sands mine in northern Alberta.

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

News

Livorsi Launches New Throttle Lineup

Livorsi Marine introduced the all new Platinum Series throttles, which they say are designed to be more ergonomically comfortable to the operator while being lighter

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3995 sec (3 req/sec)