Singapore Delegation Visits ACE Winches
ACE Winches hosted a delegation from SPRING Singapore to its Towie Barclay Works facility for a visit to share an overview of its products and services, including manufacturing and engineering expertise. Several delegates from the Marine and Offshore Department in SPRING Singapore were welcomed to ACE Winches global headquarters by key personnel during their visit to Northeast Scotland. SPRING Singapore is a statutory board under the Singapore’s Ministry of Trade and Industry, responsible for helping Singapore enterprises grow.
Ace Winches Sets its Sights on Southeast Asia
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).
Earnings Advance at Ace Winches
ACE Winches announced post tax profits of £6.2m for 2012, a 15% increase on the previous year. Turnover at the Aberdeenshire-based group soared to £31.1m in the year ended October 31, 2012, a 42% increase on the previous twelve months, with around three-quarters (74%) of the company’s business generated from international trade. ACE Winches is a company in the design, manufacture and hire of winches, marine deck machinery and the provision of associated hire personnel for the offshore oil and gas, marine and renewable energy industries.
ACE Secures Queen’s Award for International Trade
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 Announces Rise in Profits
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 Acquires Spooling Winch
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.
