Oil and gas subcontractor Exact invests to boost business further
1 min read
The Team Valley-based based Responsive Engineering Group has completed a £2.5million investment programme in its high precision machining division, Exact, reinforcing its position as a first tier supplier to the global oil and gas market.
The investment, which has seen the installation of five new sophisticated Mazak 'multi-tasking' machine tools, supports the production of complex, mission-critical components and assemblies used in oilfield exploration and production applications. Some of the new technology is the first of its type to be installed in the UK.
Privately-owned Responsive Engineering Group has grown from a turnover of less than £4 million in 2005 to an anticipated £15 million this year, and the new investment continues a record of growth that has seen 40 new jobs created over the past two years, taking the workforce total to 165.
In addition, the installation of the new machines means that the company is now looking to employ a further 10 CNC operators immediately, as well as a range of project and engineering positions.
"This investment is all about meeting the demands of our customers in energy related markets," said Peter Bernard, managing director, Responsive Engineering Group. "Our core business is the manufacture of mission-critical components and assemblies for energy sector applications, including subsea, where the highest product quality standards are applied.
"The new investment represents the latest available technology, giving us an exceptional machining capability with improved quality control, reduced product lead times and improved productivity levels.
"This expanded capability will not only help us to continue to meet the rigorous demands of our existing customers, but will also help to drive ourselves up the energy sector supply chain."
Responsive already includes oil and gas engineering customers such as Cameron, Siemens, Schlumberger and Sulzer among its client list, manufacturing a range of components for Remote Operating Vehicle (ROV) well intervention equipment, drilling products, connection systems and gas turbines.
Exports have also grown in recent years, with orders from the Far East, South East Asia, elsewhere in Europe and the USA, where the company recently secured a $1 million contract for the supply of specialist oilfield drilling components.
As well as an advanced machining facility, the company also operates specialist divisions for welding, fabrication, laser and water cutting, assembly, testing and pressing activities.
Image: L to R, front: Niall Ash, commercial director, and Chris Molloy, production manager, with, back, Peter Bernard, managing director of the Responsive Engineering Group.
