Alfie Cheyne News

Scottish engineering business ACE Winches is calling on industry to invest more in training young people as it expands its own apprenticeship scheme.The Aberdeenshire-based company has welcomed its very first foundation graduate, bringing the number of young people recruited as apprentices to around 300 over the last 30 years.The company's founder and CEO, Alfie Cheyne, a marine engineering apprentice himself when he left school at 16, has called on all industry bosses to recognize…

Balmoral Group sold its shareholding in ACE Winches to a company led by ACE’s founder and former CEO Alfie Cheyne.As part of Balmoral’s share purchases in 2017 and 2019 the Cheyne family had an option to buy back Balmoral Group’s investment and the deal confirmed today is in line with this agreement. Jim Milne, Chairman and Managing Director of Balmoral Group said: “We have enjoyed working with the management and staff of ACE Winches and wish them all the best for the future.”Cheyne said…

At this year’s Offshore Energy exhibition, global deck machinery specialist ACE Winches announced a new 500te Linear Winch to its range of specialized deck equipment. The company will showcase its range of products and services supplied to European clients operating within marine, renewables and oil and gas sectors. In recent months ACE Winches has delivered equipment and services for a number of key projects for European based companies, worth over £1.4 million. These projects have varied in type…

ACE Winches has appointed Colin Black as chief commercial officer, a newly created board of management position. Black is responsible for leading and managing the firm’s overall commercial strategy and the management of the ACE Winch Academy. Colin Black stated: “ACE Winches has an enviable reputation as the original equipment manufacturer (OEM) and market leader in deck machinery solutions, and with my operational background I fully understand the demands of an industry facing the challenges of low oil price.

Ace Winches, the deck machinery specialists, is coming to Malaysia’s capital as part of next month’s Oil and Gas Asia exhibition at the Kuala Lumpur Convention Center. The company will be exhibiting as part of the Scottish Development International Scottish Pavilion in Hall 6 on Stand 6124A. Although this is the first time the Scottish manufacturing company will be on display at this trade convention, Ace Winches has a decade of experience in doing business throughout the region. In 2003 the company took its first order from Consolidated Pipe Carriers (CPC) for a ten point mooring spread consisting of 10 25-ton mooring winches and their associated Electric Hydraulic Power Units (HPU’s).

ACE Winches, the deck machinery specialists, was awarded British industry’s Queen’s Award for Enterprise in International Trade. This is the second win in that category for the Aberdeenshire-based manufacturer, which first received the award in 2010. Founded by CEO Alfie Cheyne in 1992, ACE Winches operates on a global basis with 75% of its profits generated from international exports. Staff numbers have increased from 200 in 2011 to over 300 today as the company has expanded to meet growing demand for its range of products and services.

ACE Winches announced profits of £4.8 million (after tax) based on a 30 per cent year-on-year increase in turnover. The Aberdeenshire-based company reported that turnover for the year-end October 31 2011 increased to £21.9 million from £16.8 million the previous year. Profit increased from £4.2 million in 2010. ACE Winches continued strong showing in the export market, realising 74% of turnover from international activities and sales. ACE Winches has also continued to invest in…

Cosalt Offshore, which provides lifting, tooling and marine services to the oil & gas industry, has recently ordered a second 50-tonne spooling winch from ACE Winches as part of a major investment in equipment. The second winch, destined for Norway, was ordered following an increasingly high demand for the first, which has been in constant operation in the North Sea since its delivery in February 2011. The winch package is designed to carry 50 tonnes of wire rope or umbilical and complements Cosalt Offshore’s full range of quality lifting products for the energy industry.