An Aberdeenshire-based equipment hire company said yesterday it was investing hundreds of thousands of pounds in new products in order to beat the oil and gas downturn.
Quayside Fabrication, headquartered in Colpy, near Insch, has splashed out more than £500,000 on the development of a portable power unit (PPU), a kind of “mobile workshop” aimed at improving safety and efficiency in the energy sector.
The firm, founded in 2010, has also invested in new designs for large containers for lifting equipment to and from the seabed – known in the industry as subsea baskets – as well as a plasma cutting machine.
