Aberdeen-based subsea cable and connector specialist Hydro Group, has expanded its premises by investing £2 million in a new 13,700 sq ft facility, set to open in spring 2016.
The company, which currently occupies a 45,500 sq ft facility at the Aberdeen Energy Park, is purchasing the additional 0.63 acres of development land from Buccleuch Property and Moorfield Group (Buccmoor LP) to enable it to expand operations and develop a new workshop with mezzanine deck.
Doug Whyte, Hydro Group Managing Director, said: “The new facility and additional space was required in order to diversify and develop our business. It has been a significant investment for the future of our company, helping us to open up new business opportunities and deliver major growth plans for the company.”
The company will use the space to install its new armouring line, facilitate a pressure testing area, and for additional storage.
“We are now able to manufacture mechanically protected cables which can withstand higher stresses in subsea and defence operations, and the extra space means that we can also offer greater capacity in size and overall lengths,” concluded Whyte.
Speaking on behalf of the Park’s owner, Moorfield Real Estate Fund III, Mark Holmes from Moorfield Group said: “It is very encouraging to see Hydro Group diversify and expand operations here at Aberdeen Energy Park. We were pleased to be able to facilitate the sale of development land which was available adjacent to the company’s existing facility. We look forward to the business continuing to develop and prosper at the park.”