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Friday, 03 May 2013 17:01

Tekmar launches £1m investment

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Subsea technology company Tekmar has announced a £1-million investment programme, which will more than treble the size of its North East England facility and create around 30 new jobs.

The Newton Aycliffe-based company is a significant supplier of offshore wind cable protection systems and said it will use this growth to expand its operations back into the oil & gas sector.

The expansion includes adding a further 75,000 sq. ft. to its current 27,000 sq. ft. facility.  Due to Tekmar’s hard work and dedication, this growth has enabled it to take on an additional building adjacent to its existing facility, on the Newton Aycliffe Business Park.

This investment will help transform its current facility into a state-of-the-art Research and Development Centre while its existing operations will be expanded to meet the demands of the sector by operating out of the additional larger building.

Currently employing 75 people, Tekmar, which is a member of business development organisation NOF Energy, will also be investing in recruitment and training with plans to take on more than 30 new members of staff during the next 12 months.

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