STATS Group foresees success in North America
05 July 2019
Pipeline technology specialist, STATS Group, is growing its market share across the Americas, and expects activity in the United States (U.S.), and Canada to improve further with turnover growing by more than 70% in both countries.
STATS revealed it has recently invested approximately EUR£2 million (USD$2.5 million) in new premises, and associated infrastructure to support growth plans in the Americas.
Revenues in Canada are expected to grow in 2019 to EUR£6.5 million (USD$ 8.2 million), an increase of 35% compared to the previous year, while in the U.S. 2019 income is expected to be around EUR£6.7 million (USD$8.4 million), up by 131% compared to the previous year. If this is achieved, it will represent a combined 71% increase in total revenues in the Americas of EUR£13.2 million (USD$ 16.6 million).
STATS has also expanded into larger premises in Edmonton, Canada, and are now manufacturing and assembling a range of its patented isolation tools in-country for sale to clients, in addition to being available on a project basis.
Image courtesy of STATS (UK) Ltd