The company, which is recognized as a leader in the design, manufacture, repair, refurbishment and hire of high quality containerized and skid mounted modules and welding habitats, is expanding its business in the international arena and has won several significant orders for the manufacture of new cabins to cater for the overseas market.
The new contracts include:
The cabins, built at the companyıs recently expanded premises in Aberdeen, incorporate the latest design and safety standards tailored to the regions where they will be deployed.
Aside from the growth in orders for bespoke cabins, Labtech's cabin rental business is also expanding significantly, with an international increase in demand. Growth in the rental sector has been so great that the company is currently reviewing the investment levels required to meet future demand.
An agreement between Labtech and Agais which involves Labtech handling the marketing, manufacture, rental and maintenance of Aigasıs fleet of coiled tubing welding habitats, is gathering pace.
The contract with Agais includes: a long term rental deal for a welding habitat in Sakhalin Island, offshore Siberian Russia, worth approximately £100,000 a year, a long term hire in the Gulf of Mexico starting this month (March) and plans for a third system to be deployed in the North Sea from the beginning of April 2004.
The habitats which were initially designed by Agais allow tubing to be joined, welded and inspected in a safe and controlled environment in what can be hazardous areas. As an example, the habitat deployed in Sakhalin Island was designed and built specifically to withstand the harsh environment.
As part of its on-going growth strategy, Labtech was accepted recently onto Scottish Enterpriseıs Globalization Program. Under the program, the company receives assistance to expand into further international markets through a carefully defined global strategy.
Labtech Managing Director Jim Manson said: "The company is actively pursuing more contract opportunities. These are exciting times for Labtech and we hope that there will be more to come.
"A major part of our success in securing contracts has been the investment we have made in our latest 3D computer aided design modeling software SolidWorks. This has added an extra dimension to our presentations to clients because they now have a clearer picture of what the completed project will look like. The software also enhances Labtechıs design and drawing capability when taking on complex projects such as cuttings reinjection skids and skip filling stations."
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