THYSON TECHNOLOGY EXPANDS AFTER RECORD GROWTH
June 8, 2016
Specialist analytical systems engineering firm Thyson Technology, is expanding its Ellesmere Port-based headquarters and manufacturing facility after securing its strongest ever order book just two months into its new fiscal year.
The business, which last year achieved sales of £12m, is on course to hit its £14.7m target after landing £9m of new orders since the start of April. At the same point last year, Thyson had secured new contracts worth £6m.
Over the past 12 months the company, which was founded in 1994, has broken into the UK’s biogas renewable energy market for the first time with £6m of new contracts with clients such as Qila Energy and CNG.
To support its strong growth, the business has increased the size of its manufacturing facility by more than 50 per cent after agreeing to take more than 8,200 sq ft of additional space. Including its 7,000 sq ft office headquarters the business now occupies a 22,000 sq ft site in Ellesmere Port.
Thyson employs 85 people and builds and installs process analyser systems for some of the biggest names in the global oil and gas, power generation and manufacturing industries and exports globally every year.
Mike Braddock, managing director of Thyson Technology, said: “Despite facing some of the toughest ever trading conditions in the oil and gas sector, we have continued to deliver profitable growth by identifying and successfully targeting new markets.
“From a standing start, in just 12 months we have secured over half of our forecasted revenues from the rapidly expanding domestic biomass industry where our analyser systems and expertise help to deliver critical services.
“With the expansion of our manufacturing and testing facility and the on-going growth of our engineering teams we’ve built a solid platform from which we will look to secure our best ever year and support our long-term goal of becoming a £20m business before 2020.”
The systems built by the team at Thyson allow customers across a range of industries to measure key parameters of their processes by automatically delivering samples of the process material into advanced analysis tools.
Such equipment plays a critical role in many industrial applications around the world, from measuring the exact amount of energy in a given unit of natural gas to assessing the level of impurities in a batch of crude oil, allowing companies to sell commodities for the right price.