OTC 2012: EnerMech announces $65-million investment for US expansion
Offshore staff
HOUSTON– EnerMech announced plans to invest more than $65 million (£40 million) to launch a major expansion in the US at the Offshore Technology Conference.
The company says up to $15 million (£9.5 million) will be invested in new process, pipeline and umbilical equipment, and $50 million (£31.5 million) will be set aside for strategic acquisitions allied to its other service lines and to build upon the existing US business.
Vince Kouns and Alan Sweeney will be responsible for establishing the overall EnerMech brand and service lines in the Americas region, reporting directly to EnerMech main board director Les Graves.
The company is on a major recruitment drive, will add to its existing Houston premises, and plan to open a Gulf Coast operating base.
EnerMech managing director Doug Duguid said: “Post Macondo we see a strengthening market with clients who want a reliable cost-effective service and this offers us huge opportunities. Starting this growth in Houston will also access West African opportunities, and subsequently Mexico, Canada, Trinidad and Tobago and Brazil.”
5/01/2012