Greenray Turbine Solutions, a Siemens advance partner, has been successful in securing over £6 million pounds in UK export orders to an Indian national oil company in the last 6 months.
These orders are for a mix of UK manufactured parts and field service work carried out by UK engineers.
Since receiving Enact investment, Greenray has focussed on re-establishing its export business into a number of overseas jurisdictions.
Chris Hughes, CEO says: “Its been an interesting time since Enact invested in the company last year, but getting focused on our people, their skills and the capabilities of the company as a whole has resulted in our orderbook growing to over £10m. This shows the confidence our customers have in the business and the staff that work here.”
Dale Atkins from the Department of International Trade says: “DIT in the East Midlands, have worked with Greenray Turbines for some years now supporting development of overseas markets and assisting with the companies wider export strategy.
“This includes DIT support in the UK, but also utilising the wider network of services based in overseas Embassies, Consulates and other overseas partners where needed. The development of export markets in emerging regions is key to the success of UK export growth, and DIT are pleased to have assisted Greenray in their successful closure of key contracts in India ensuring growth for the Lincoln based workforce.”
Enact Fund II, invests transformational capital of up to £5 million into UK based SMEs that have a robust business model but are facing capital constraints, strategic challenges or operational issues.