UK: JDR 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>

<< Sep 2017 >>
MTWTFSS
28 29 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

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

EEMUA subsea engineering course: materials selection and corrosion control

This two and a half day training course is recommended for both discipline and project focused engineers from a variety of backgrounds…

read more >

FUTURE OIL & GAS

Join senior executives from oil and gas majors, service companies, technology suppliers and industry experts at this year’s premier event…

read more >

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >