A mechanical engineering firm based in Aberdeen is set to launch a significant growth campaign as it celebrates rising sales and profits, with projects in America taking up a large slice of the action.
EnerMech, founded just around the time of the economic downturn in 2008, is set to invest £40 million into its stateside expansion. The lion’s share of the funding, £31.5 million, will go towards acquisitions.
The remaining money will be put to upgrading equipment.
The firm already employs in the region of 1,000 people across the world and the US move comes just a month after the company announced a similar plan for growth in Asia.
The plans in Asia include the opening of new offices in India and South Korea. Another new office in Australia is opening soon too.
It is another story proving that with robust strategies, good management and strong leadership in place, there are still opportunities to be had.
Though EnerMech’s expansion comes with increased sales (2012 is expected to see a £140 million turnover, with profits of £20 million), other companies are looking at factoring options for increased investment.
In Aberdeen, Glasgow and Edinburgh, invoice factoring is helping many smaller and larger companies to move forward.
The opening salvo of the US plans will see a large scale recruitment drive, with many posts being created at its existing Houston site, which will expand. There will also be a new operations centre opening on the Gulf Coast, as the firm hopes to replicate its global success.