News
Louth company Suretank Ltd secures €900,000 contract in Brazil
6 December 10
Suretank Ltd, of Dunleer, Co Louth, has recently announced that it has won a contract valued at €900,000 to supply its CCUs (Cargo Carrying Units) to IWES, a leading international supplier of tanks and containers to the oil and gas exploration industry.
The announcement was made during last week’s Enterprise Ireland trade mission to Brazil, aimed at helping Irish companies win new business and increase export sales in this vast market.
Suretank is the world’s leading manufacturer of CCUs for the offshore oil industry. IWES is the leading supplier of this equipment in Latin America, Trinidad & Tobago and the Caribbean. This new contract will see Suretank units delivered to IWES in Brazil where they will be used offshore in a statoil drilling contract.
This is a highly significant contract for Suretank, building on its strong existing sales base in the region, and further positioning the Suretank brand in Latin America. Founded in 1995, Suretank has grown its business world wide and its customer base includes the world’s major oil exploration and transportation companies.
Welcoming the announcement Kevin Sherry, Enterprise Ireland’s Head of International Sales and Partnering said: ‘Suretank is a company that embodies all of the ingredients essential to winning business in this very challenging international sector. Their commitment to a global operation means they are an organisation that provides their clients with the highest standards of excellence both in products and services. Enterprise Ireland has identified the oil and gas sector as offering significant opportunities for trade between Ireland and Brazil. We look forward to continuing to support Suretank grow their international business’.
Patrick Joy, CEO of Suretank, said: ‘Our future vision is to remain at the forefront of the industry which we serve by providing solutions to our customer needs. We see ourselves as the bridge between our customers and the ongoing changes in regulations, design and manufacturing and we believe this will lead us both together to sustained growth in our chosen fields’.
Suretank have also had recent success through InterTradeIreland's FUSION programme, with Kenneth Treacy, the FUSION graduate now leading the company's cryogenics R&D division.