Saltire Energy News

Saltire Energy has announced plans to expand its operations in Aberdeen following a £5 million investment in a 2.6-acre site in Badentoy, Portlethen. Planning permission has been secured for 4,650 sq. ft. of offices, a 12,500 sq. ft. warehouse and a 12,500 sq. ft. workshop on the new site with approximately 75,000 sq. ft. of additional open storage space. The company will retain its two existing facilities which are 10,500 sq. ft. and 22,550 sq. ft. on Badentoy Road in Portlethen and the warehouse space which the company currently leases in Tullos, Aberdeen will also move to Portlethen.

Saltire Energy, supplier of drilling tools to the offshore oil and gas industry, has posted its year end to June 30, 2013 results with turnover up more than 50% from £21.5 million to £32.9 million. Operating profit for the year has also risen from £14.1 million to £18.5 million. Mike Loggie, Chief Executive of Saltire Energy, said, “The last 12 months has seen steady growth in our business in the U.K. and across our international operations. “As a company, our focus is on delivering…