This move is part of an ambitious diversification strategy that will help the company reach revenues of €75M by the end of 2025, up from €50M in 2024.
Suretank's Growth and Diversification Strategy
From its own facilities, Suretank custom-designs, engineers, manufactures, and ships modular and tank solutions for its highly regulated and sustainability-conscious global customer base.
Expanding Beyond Offshore Oil and Gas
In 2016, 90% of Suretank’s customers operated in the offshore oil and gas industry. Since then, spurred by a global crash in oil and gas prices and utilizing its core engineering competencies and expertise, Suretank has diversified its operations. It now services a wider pool of industries, with customers operating in offshore wind and other renewables, data centres, pharma, recycling, and electricity grids. These customers span 23 countries across five continents.
Investment in People and New Job Creation
The new jobs represent a significant investment from Suretank in its people and will bring the company’s team to more than 300. Suretank will hire in the areas of sales and marketing, engineering, quality assurance, operations, and finance. The expanded team will provide the resources necessary to service new industries and increase capacity.
Suretank's Facilities and Commitment to Excellence
The roles will be based in Suretank’s Dunleer headquarters and its manufacturing facilities, all in Co. Louth. These facilities enable Suretank to build customer solutions entirely offsite before shipping and retrofitting them. This ensures greater health and safety standards for customers and the ability to meet the most stringent certifications by building in controlled environments.
Looking to the Future with Suretank
Martin Winters, managing director of Suretank, said: “This has been an exciting time for our business. We have an incredibly experienced, high-performance in-house team that includes more than 100 engineers, welders, and electricians. They are the backbone of our strong reputation for excellence and innovation. It is thanks to their industry-leading expertise that we were able to ensure we meet the highest levels of certification and regulation in every industry, anywhere in the world. As a result, we always deliver on our commitments, and this has enabled us to scale so seamlessly into more industries.”
He continued: “Thanks to the success of our diversification strategy, we will now continue to grow our team. Our further investment in Louth will help us meet customer demand while also preparing for the rapid growth in operations and revenues that lies ahead.”
