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Article: Group riding oil boom expects turnover to soar.
- Article from:
- The Journal (Newcastle, England)
- Article date:
- July 3, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christopher Knox
ACOMPANY that makes giant hoses for the offshore oil and gas industry expects to see its turnover more than double from pounds 28m to about pounds 60m by 2016 with the help of a booming market and a leaner business model.
Ashington's ContiTech Beattie believes it is on track to achieve what it has termed its Olympic target, as it has seen its sales rocket from pounds 16m to pounds 28m since the business was taken over in 2004.
Formed in 1960 as Beattie ...