The offshore technology and project management division, owned by Sheffield Forgemasters, has experienced a huge boost in sales after securing a number of new contracts.
Vulcan SFM has managed to secure contracts for new projects in the North Sea, the Gulf of Mexico and Brazil – meaning the sales for 2010/2011 are estimated to come to £40m.
Managing director of Vulcan SFM Ian Nicholls said: “In the latter part of 2010 and the first quarter of 2011 all of the key bids have resulted in order placement resulting in an unprecedented level of order intake and an anticipated year end order intake of nearly £40m and a similar strong start to 2011/2012.”
He added: “The casting technology that we developed here at Forgemasters continues to be in strong demand with castings destined for projects in the North Sea, the Gulf of Mexico and Brazil.”
Vulcan SFM specialises in producing castings for fixed and floating production units – including structural and heavy lift castings as well as mooring components, tendon porch and deck stool castings, insert nodes and pile lug cans.
Nicholls comments on Vulcan SFM’s position in the market: “Since we started out producing components for use in the North Sea we have built a reputation for quality and reliability, and we have continued to diversify our products to meet new market requirements.”
“This has enabled us to expand globally, into territories such as the Gulf of Mexico, Brazil, Africa and Malaysia,” he explained.
The firm has just commissioned a new 4000 tonne press – giving it a great deal more manufacturing capability for forged components. An integrated machine shop, long product boring capability and experience in its field allows the company to expand the supply of forged products into the offshore sector.