Aubin, a north-east supplier of specialist chemicals to the energy industry, said today it had invested more than £1million in research and development, equipment and international expansion to support the launch of new products.
The company develops, manufactures and supplies novel chemical solutions to the conventional and renewable energy sectors.
Recently, it focused its R&D efforts on development of products to address common subsea issues.
This has resulted in Aubin introducing two new patented gel-based lifting systems to the market, which are said to have attracted high levels of interest.
Aubin’s turnover rose 5% to £4.6million in the year to the end of July, despite difficult trading conditions in several of its Middle East markets, where its specialist chemicals are used by clients including major national oil companies.
Profits came in at £500,000 for 2009-10 and are expected to rise by around 15-20% in 2010-11, thanks to a move to additional added-value products.
Managing Director Paddy Collins said: “Our continuing investment in R&D and new manufacturing equipment means we are well-placed to explore interesting opportunities for us in further international markets and different sectors.
“We responded quickly to the changing economic and political situation in several Middle Eastern and North African states and have shifted our business-development activities to target markets which are stable and receptive to our new technology.
“As a result, we have signed new agent agreements covering South America, Oman, Russia and West Africa.”
Aubin was set up in Ellon in 1987 and has a team of 20 people.
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