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Dominion Gas makes Au4million asset investment.

Summary: ScotlandCOs only oil field service company supplying the full range of diving, welding, industrial, laboratory, test and calibration gases, Dominion Gas announces further investment in UK and Norwegian markets.

Dominion Gas makes Au4million asset investment

ScotlandCOs only oil field service company supplying the full range of diving, welding, industrial, laboratory, test and calibration gases, Dominion Gas announces further investment in UK and Norwegian markets.

Dominion Gas, Chief Executive, George Yule said: C[pounds sterling]As a massive vote of confidence in the UK and Norwegian North Sea cylinder gases market, Dominion Gas has just completed a Au4million investment in a number of assets, aimed at underpinning the companyCOs growth and putting initiatives in place to further strengthen the companyCOs supply chain solutions.C[yen]

Most recently contracts have been awarded to RitchieCOs for supply of quad frames, NORRIS for new cylinders and Gardner Cryogenics for Dominion GasCO new Helium road tankers, as well as a number of smaller contract awards to various local companies for a range of associated equipment fittings.

Dominion Gas has also recently completed a deal with a north-east haulage firm ARR Craib for two trailer vehicles which display the Dominion Gas livery, these will operate across the full length and breadth of the UK and also in Norway.

Mr Yule continued: C[pounds sterling]This most recent set of contract awards by Dominion Gas further underlines the companyCOs intent to further develop our current levels of business in both the UK and Norway, in parallel with our ambitions across various other international locations.

C[pounds sterling]It sends out a clear message to any skeptics who believe that the North Sea is past itCOs Cysell-byCO date and the team at Dominion Gas want our clients in this important area to recognise that we are here to support them achieve their own business objectives over the long term.C[yen]

Dominion Gas is enjoying significant growth, both in the North Sea and in its target markets overseas and will shortly be unveiling a range of new product lines together with opening the companyCOs own gas fill facilities in the Middle East and Africa later this year. Mr Yule added: C[pounds sterling]the continued encouragement and support weCOve received from Graphite Capital and RBS has enabled the company to extend its footprint in the UK and overseas Co this latest investment is indicative of the companyCOs ambitions to grow the business further.C[yen]

As a leading independent supplier of diving and industrial gases to the global offshore industry, Dominion Gas has a turnover in excess of Au20 million Co this represents a 4-fold increase over the past 2 years. The company now employs 75 staff worldwide with offices in Baku, Singapore, West Africa, Norway and headquarters in Aberdeen Scotland, with representation in UAE and Latin America.A[umlaut] 2008 Al Bawaba (www.albawaba.com)

A[umlaut] 2008 Al Bawaba (Albawaba.com)

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Publication:Albawaba.com
Geographic Code:4EUUS
Date:Jul 23, 2008
Words:494
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