Aberdeen, Scotland -- Balmoral Offshore Engineering, a subsidiary of Balmoral Comtec Ltd, has won the Queen's Award for Enterprise in the International Trade category, an 18 April Balmoral statement said.
The company, which employs around 300 people, re-entered the subsea market in 2006 before increasing sales by almost 700 percent between 2007-2009. The company currently ships around 80 percent of its products overseas, the statement said.
BOE, a specialist in composite and polymer solutions for the energy sector, first appointed specialised engineering and sales teams and created a new design, manufacturing and testing plant at its Aberdeen headquarters.
In recent weeks, 50 000-sq.ft (4645-sq.m) of expanded capacity has been brought on line to complement the existing manufacturing facility while an upgrade of "Europe's most comprehensive privately owned subsea test centre" is about to be finalised, BOE added.
"Although we had previously operated in the offshore sector we started BOE with a totally blank canvas," said BOE ceo, James Milne. "To earn recognition at this level for our international effort after such a short period of time is quite remarkable," he added.
Milne said the company is now focusing on new opportunities around the world, "particularly those with a deepwater focus."
"Our aim is to provide the industry with a single source for all its buoyancy, insulation and elastomer product requirements," Milne commented.
BOE has a range of syntactic/composite/polymer products for long term subsea and deepwater projects, including polyurethane insulation, the statement aid. (RD)