Sensonics Branches out with Big Contracts

Posted by Michelle Howard
Wednesday, January 29, 2014

Condition monitoring specialists Sensonics success as a major exporter of instrumentation which protects power plants around the world has been acknowledged by the government initiative to make it easier for the U.K.’s small businesses to grow. Small Business Great  Ambition sits alongside the governments Industrial Strategy of promoting growth and making the U.K. more competitive and successful companies were invited to a special reception held at Number 11 Downing Street.


 
Sensonics were the only British instrumentation manufacturing company to secure a contract with the Korea Electric Power Corporation to supply vibration monitoring equipment for four nuclear power plants in the UAE.  It was a very significant contract for Sensonics that was set to account for 43% of the company’s turnover in 2011.
 


Russell King, Managing Director of Sensonics (pictured outside Number 11) explained, “We were required to submit performance bonds worth 10% of the contract value. Our bank was restricted in the size of bond they could offer us, and were looking for full cash coverage.  This would have been a prohibitively long time for us to have money tied-up on one contract”.  As a result they turned to UK Export Finance (UKEF) who guaranteed the bank to help ensure Sensonics had the capital it needed to deliver this major contract.


 
In the last five years Sensonics has been very successful in reaching out to overseas markets such as China, Korea and India and after a bid process of several years was awarded the contract by the Korea Electric Power Corporation.


 
According to Sensonics, the overseas contract and the UKTI Small Business GREAT Ambition recognition underlines Sensonics’ commitment to developing the most innovative and effective solutions for vibration, position and speed instrumentation for critical machine condition monitoring applications in power generation and process manufacturing industries around the world.

 

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,

Contracts

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,

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Australia, US Order Anti-ship Missile Decoys

Design of the next generation of anti-ship missile decoys is set to commence following the signing of two contracts between the Australian Defense Force and BAE Systems Australia Pty Ltd.

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,

Marine Equipment

Water-cooled WGM Motors From WEG

WEG, a supplier of drive technology, introduced its water-cooled WGM motors to the shipbuilding industry for the first time at SMM 2014. The WGM water-cooled induction motors are compact,

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

NAVTOR, AWT Agreement Marks Next Step in E-navigation

NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services

 
 
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: 0.2910 sec (3 req/sec)