March 9 2014 Latest news:
Friday, December 13, 2013
More than 30 jobs have been created by the expansion of a global energy firm on to Beacon Park, Gorleston.
US-based Hydra Rig, which makes nitrogen converters and coiled tubing units for the oil and gas industry, has invested about 3.5m dollars into new 30,000sq ft premises on the park which is part of the Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone.
General manager Chris Aulert said: “Since arriving in Yarmouth 13 years ago we have steadily expanded on to four sites employing nearly 140 people; we found ourselves needing more space and initially the only available space we could find was in Norwich.”
He confessed it had taken considerable bargaining to be accepted on the park because his company was more heavy industry than most of the site’s white collar tenants.
However, he stressed they had faced stiff competition for the premises and said there was considerable potential to house other companies like theirs on Beacon Park because of the lack of suitable modern sites elsewhere around Yarmouth.
Mr Aulert said if they had not found a site in the town they would have been faced with moving their whole operation to Norwich.
“That would have presented a real problem, logistically, financially, and for our workforce, who mostly live in the Yarmouth area. “Keeping our entire operation in one area is vital for continuity, communication and streamlined logistics, and the advantages of being in the enterprise zone are considerable,” he said.
One of the benefits of being located there is simplified planning, which suits Hydra Rig’s plans for the future.
He said: “Further expansion is very likely for us, and the 2.5 acre Beacon Park site already has planning permission for an additional 16,000sq ft extension, so simplified planning will help to ensure that we can grow quickly without encountering too much red tape that could be the difference between winning or losing major contracts.
“Another advantage of our situation here is reduced business rates. We will be saving in the region of £190,000 over the next five years because of this, which is substantial, especially in a recession when every penny counts.”
Trevor Wainwright, leader of Yarmouth Borough Council, said: “This is incredibly good news for Hydra Rig, their employees and for the borough. This decision shows that Yarmouth has a lot to offer energy companies looking to expand or relocate. By staying in Yarmouth and choosing to move to Beacon Park, Hydra Rig is able to keep all its staff and operation in the town.”