Aberdeen-based Hydro Group Plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, sets sights on further international growth with opening of new Singapore office.
Singapore currently represents Hydro Group’s second largest export market, with the Group identifying more than £1million of potential sales in the region per year. The new office will support Hydro Group’s increasing presence in South East Asia and offer its range of subsea optical cables, electrical cables and connectors to the wider energy and defence markets in the region.
Doug Whyte, Hydro Group managing director, said: “The Group has had representation in Singapore for some time, but with an increasing number of our key clients based throughout South East Asia, significant growth in demand for local support from our customers and the expansion of exploration activities in the region, it is vital to our international growth plans to open our first office in the area.”
Headquartered in Aberdeen, Hydro Group currently employs around 80 staff and saw turnover rise from over £5million in 2011 to over £6million 2012.
In recent years, oil and gas has accounted for more than 60 percent of the Group’s sales and consolidating its position will facilitate development of stronger links with the energy sector in South East Asia.
Hydro Group Plc will be exhibiting at Ocean Business 9-11th April 2013 on stand N8. For more information please visit www.hydrogroupplc.com