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Wednesday 8th April 2020
 

Furness Business News

ANOTHER USA RE-INVESTMENT

9 June marks a further milestone in Barrow and Furness area’s development as one of the UK’s most important energy hubs.

Gyrodata Drilling Automation are opening their new multi-million pound Barrow research, development and manufacturing facility at Park Road on the north side of town.

Thirty people will initially be based there producing rotary steerable drilling equipment which was conceived in Furness. Gyrodata’s products will be used all over the world by oil companies drilling for oil and gas.

Their new investment has been made possible as a result of Houston USA’s acquisition back in 2003 of local firm Cambridge Drilling Automation, followed by £6m of investment by them up to 2006 with more since then.

NWDA have provided a Grant for Business Investment towards the project, Poole Townsend have helped on premises issues and Huck Construction helped convert the building to a design jointly developed by Craig & Green of Barrow and Gyrodata’s team, which received planning consent from Barrow Borough Council.

For Furness Enterprise, who have worked with the company over several years to deliver the project, today sees another reinvestment in the area’s advanced electronics engineering systems integration technologies. It also adds to the North American firms now clustered along Park Road in Barrow, others include Kimberly-Clark, Partylite Manufacturing and Oil States MCS.

One of the really good things about this project is the excellent teamwork that has brought it into being. Gyrodata have an excellent future, they are a company that plans and invests for the long-term. We look forward to helping them grow their new operation, creating jobs for graduates, technical specialists and support staff on the doorstep of Ormsgill Ward and thereby demonstrating that Barrow and Furness are a really significant ‘Gateway to Britain’s Energy Coast’.



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