News / Ocean Kinetics’ £1.1m expansion
MORE than 20 new full-time jobs will be created as Lerwick based engineering company Ocean Kinetics undertakes another expansion.
The company has announced the development of a “one-stop-shop service for engineering solutions”, part of a £1.1 million investment, which is supported with £420,000 of funding from Highlands and Islands Enterprise (HIE).
Founded in 1992, Ocean Kinetics moved into much larger premises at Lerwick Port Business Park only four years ago.
The company hopes to take advantage of the downturn in the oil and gas industry by offering more for customers in sectors such as renewables and decommissioning.
It will also embark on a new three-year training and development scheme for staff.
Managing director and founder John Henderson said the company, which currently employs 73 staff, was also looking to expand further internationally and offshore.
“By providing an innovative one-stop-shop for engineering services, we will be able to offer a single source efficient and cost effective solution to clients,” he said.
“This will benefit new and existing customers in the renewables, utilities, marine, decommissioning and the oil and gas industry.
“The modern digital system will help us improve budgeting and cost controls within the organisation, which will increase efficiencies and reduce waste.”
Katrina Wiseman, head of business growth in HIE’s area team in Shetland, praised Ocean Kinetics as an “innovative” engineering company.
“There are so many engineering opportunities in Shetland, the UK and around the world, and to convert these into real business, Ocean Kinetics will power on with this latest project,” she said.
“The company has a great reputation in the industry and we will continue to work with them to deliver that ambition for the benefit of Shetland as well as Scotland.”
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