JDR cables completes £30 million investment in hartlepool plant

:

Hartlepool, UK – 26 April 2012 – JDR Cables Systems LTD.

JDR Cables, the leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market, is delighted to announce that it has completed investment of £30 million in its Hartlepool plant, bringing the company into a new phase of growth.

The substantial investment in the Hartlepool plant, which employs 140 people from the local community, demonstrates that JDR Cables is now firmly positioned asa world class supplier of subsea umbilicals and power cables to the oil, gas and renewables industries.

JDR, which is the UK’s sole supplier of sub-sea array cable, is near completion of delivery of more than 200 kilometres of cables for one of the world’s largest offshore wind farm installations, the London Array project, and was recently awarded a contract for Dong Energy’s Gunfleet Sands wind farm project.

Andrew J. Norman, CEO of JDR Cables said:

“We are delighted to have achieved this significant milestone at our Hartlepool plant, which positions us as a key supplier to the UK round three and Scottish territorial wind farm projects, in cooperation with other UK based suppliers. JDR Cables’ significant investment in manufacturing infrastructure at Hartlepool has materially improved our ability to deliver major contracts to clients. JDR is now well positioned to take advantage of the pipeline of opportunities in our core markets as a result of this substantial investment.”

JDR Cables was the 2010 winner of the Queen’s Award for export and is currently bidding on UK, European and US renewable projects. The company has been supported by a grant from the UK Department for Energy and Climate Change (DECC) to evaluate future potential sub-sea cable and manufacturing technologies.

Media enquires:

For further information please contact: Brunswick Group: Andrew Mitchell/ Elizabeth Adams –+44 (0) 2074045959.

Notes to Editors:

More about JDR

JDR is a leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market. The company’s products are engineered and manufactured to exacting standards for operation in the most challenging of subsea environments and has a track record of meeting client expectations, making it the offshore energy industry’s global Partner of Choice. JDR has market-leading manufacturing facilities in the UK and Thailand. This underpins its leading position in the delivery of high pressure dynamic umbilicals and a full range of dynamic and static subsea umbilicals, reeler packages and turnkey IWOC systems through its specialist aftermarket, installation and maintenance services division.

The company employs 480 people worldwide, including 140 highly skilled employees at its purpose built facility in Hartlepool, UK which services the evolving renewables market as well as the full product spectrum for the oil and gas industry. JDR continues to improve its position as a valued partner in the offshore renewables and oil and gas sector, having recently commissioned its new vertical laying up machine (VLM). The VLM significantly increases JDR’s capability to manufacture longer length medium and high voltage alternating current export (HVAC) cable for the rapidly growing offshore wind, and oil and gas, markets.

JDR is proud to be the supplier of over 400 kilometres of subsea array cables for the Greater Gabbard and London Array projects, two of the world’s largest offshore windfarms, and was awarded the Queen’s Award for Enterprise in 2010 in recognition of its success in International Trade.

For further information, contact:
LITTLEPORT, JDR Cable Systems Ltd.
Tel: +44 (0) 1353 860 022
For further information, contact:
HARTLEPOOL RECEPTION, JDR Cable Systems Ltd.
Tel: +44 (0) 1429 851890
Email:
For further information, contact:
HOUSTON RECEPTION, JDR Cable Systems Inc.
Tel: +1 281 240 6600
Email:

For Further information, please get in touch