UK: JDR Gets USD 23 Mln Boost from HSBC

UK JDR Cables Gets USD 23 Mln Boost from HSBC

JDR Cables, a leading provider of custom-designed and manufactured subsea power cables, umbilical systems and reeler packages for a broad range of applications, has been boosted by a £15m fund from HSBC, the Gazette Live reports.

Martin Boden, JDR’s Chief Financial Officer was quoted as saying: “JDR has grown hugely. We now employ 246 at Hartlepool and hope to carry on increasing our headcount. We have recently won a very large contract for the German market, and America is also waking up. It’s a very strong position to be in – the future is bright for Hartlepool.

“We are delighted to have secured the additional facilities provided by HSBC, with the support of the ECGD, and these facilities will enable JDR to continue to bid for, and win, large export contracts.”

Subsea World News Staff , August 03, 2012

Share this article

Follow Subsea World News

Events>

<< Apr 2015 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Ocean Business 2015

Ocean Business offers the visitor more than just an international exhibition. The show has an outstanding reputation for its training and…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Practical AVO and Seismic Inversion with Petrel

A profitable development of an oil or gas field starts with a good understanding of the subsurface as a basis for efficient and successful…

read more >

Deepwater East & Southern Africa 2015

This event is a two-day conference & exhibition with extensive presentations on all aspects of the East & Southern Africa offshore sector…

read more >