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>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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 31

European Gas Conference 2018

The European Gas Conference celebrated its tenth anniversary amid an air of increasing optimism following considerably shifting markets in the last few years…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >