Oil and gas technology firm EFC Group is on course to reach its 2016 turnover target of £30million a year early.
EFC said yesterday it received orders for £40million-worth of its products last year, an increase of 130% year on year.
The company, which has offices in Aberdeen, Leeds, Houston and Singapore, also said it boosted staff numbers to 160 from 54 between 2010 and 2014.
It specialises in reelers, umbilicals and stab plates to hydraulic and remote touchscreen controls, as well as subsea hydraulic and subsea electronics module pods.
EFC chief executive Bob Will, said: “This order book has us ahead of target and on track for exceptional financial results come March 2015, providing a robust platform as we enter the new financial year.
“In the arena of lower oil price we understand there will be challenging times ahead.
“Keeping abreast with new technology allows us to offer the most cost-effective solutions to our client base.
“EFC’s track record, size, compliance with safety systems and capabilities ensures the company is a secure choice as the market environment tightens for our clients.”
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