Deprecated: Non-static method Functions::DateFormat() should not be called statically in /homepages/5/d317274210/htdocs/nerb/_cmsscripts/Functions.php on line 381
:: North East Bioresources & Renewables :: News details ::
a division of NEPIC

News details

Northumberland subsea energy firm reports 45% surge in exports

Northumberland-based OSBIT Power (OP) has revealed a 45% increase in its exports for the financial year.

For the period ending September 30 2015, the subsea energy and offshore technology firm’s international business soared, with exports making up 55% of its turnover altogether.

Despite the steep drop in the oil price, which has had an industry-wide impact on performance and limited the demand for design and build systems and equipment, the company secured a number of new customers and won a number of contracts including two larger projects each valued in the region of £3m. These projects helped the company deliver turnover of £7.43m and profits of £1.087m... Read more>


[Return to news list]

North East Bioresources & Renewables, c/o NEPIC, Room H224, Wilton Centre, Wilton, Redcar, TS10 4RF | T +44 (0) 1642 442 560