Taiwan Double for Tekmar

Tekmar has secured two contracts within Taiwan for the supply of its cable protection system product, TekLink and associated accessories.

The combined value, which is for execution and revenue recognition primarily in the current financial year ending 31 March 2020, is worth circa £4 million.

James Ritchie, CEO of Tekmar Group, said: “These recent awards come in addition to our earlier success in the Taiwan market with the Formosa Phase 1 and Phase 2 projects, which are currently being installed. As we have highlighted, the Asia-Pacific offshore market is strategically important to Tekmar and Taiwan has high ambitions for offshore wind, targeting around 9GW of power by 2030. It’s worth noting that in 2018 Taiwan had no installed bases.”

The contracts are in line with existing management expectations and the Group has not altered its guidance for FY20.

Share this article

Follow Subsea World News


<< Jan 2020 >>
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 31 1 2

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >