Friday, July 31, 2015

News: MTL Advanced heading offshore

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MTL Advanced, the Rotherham-based project manufacturing specialist is targeting the offshore and oil and gas sector as part of the enlarged WEC Group.

The Lancashire-based WEC Group, which comprises 14 companies specialising in welding and fabrication, brought the Brinsworth company out of administration, saving 135 jobs, earlier this year.

WEC Group funded a £1.97m partnership deal to acquire the business and certain assets of MTL which made the group the largest laser cutting operation in the UK's fabrication and engineering sector.

Trusted with multi-million pound contracts for leading industry experts, MTL has previously produced over 300 Boat Landing Systems for both UK and European offshore wind farms, including Nordsee Ost, Borkum West, Ormonde, and most recently Humber Gateway.

WEC Group is already heavily involved in the fabrication of products for the offshore and oil & gas industry as well as the manufacture of large precision machined components and assemblies, such as casing and tubing hHeads, christmas trees (blow out preventers) and flanges.

Now part of WEC Group, MTL has the capability and expertise to manufacture a range of associated products for the Offshore industry including plate beams, cable and pipe handling floatation devices, floatation buoys, tower platforms, reel drums and J tubes.

The group has combined its expertise with MTL to deliver reliable products to customers, meeting even the most complex and demanding offshore project requirements.

Wayne Wild, commercial director of WEC Group, said: "We're looking for and securing new work through our existing customer base and with new customers, and we have potentially got some very large contracts in the pipeline.

"We're looking forward to showcasing our joint capabilities at Offshore Europe in September."

Held in Aberdeen, the SPE Offshore Europe Conference and Exhibition attracts a global audience.

MTL traded profitably in each of the three months following that deal, compared to month on month losses in the previous 12 months. The company has also won back a £3m defence contract which it lost when it went into administration in February.

WEC has also announced that a major £1m programme of investment in new equipment for MTL's Rotherham facility is about to get underway and that a new apprenticeship scheme is being launched which will mirror its award-winning training academy, which was last year ranked in the top three large UK apprenticeship providers.

MTL Advanced website

Images: WEC Group

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