ICR Group has
recorded its highest turnover since the business was launched in 2011 – with
the Middle East playing a key role in the firm’s success.
ICR, a technology-focused provider of specialist maintenance, inspection and
integrity solutions across multiple sectors, has seen increased demand
across its core energy sector operations, following
the roll-out of an internationalisation strategy and
diversification into other sectors.
The UK firm’s
turnover for its 2022-23 year-end was £41.7m, a 20% increase on its previous
financial year. Headcount has increased globally by 15%, from 204 to 235,
since May 2022, and the company expects to create around 50 jobs across its
operations during the next phase of its strategy.
Jim Beveridge, Chief Executive Officer at ICR, said: “Our presence in
the Middle East has been particularly noteworthy, with recent high-value
projects completed in the United Arab Emirates, Qatar and Saudi Arabia. We have
also solidified our presence in the region by appointing a new partner in Abu
Dhabi.
“Our ongoing international expansion not only bolsters our long-term
sustainability but also plays a vital role in creating meaningful and enduring
employment opportunities, rightly positioning us as a contributor to the energy
transition.
“The Middle East is a dynamic market, brimming with potential for innovative companies such as ICR. At ADIPEC, we are eager to foster deeper relationships with our partners and engage with organisations striving to achieve their net-zero objectives. With COP28 on the horizon, our industry must remain steadfast in its commitment to facilitating a just transition toward a lower-carbon future.”
ICR’s established technological solutions continue to play a significant part in its growth. Technowrap provides life-long repairs that can be applied to internal, external and through-wall defects on complex geometries, while INSONO is an innovative NDT (non-destructive testing) technique for the inspection of engineered composite repairs. The Technowrap repair system reduces emissions by 66% compared to the traditional replacement methods.
Quickflange offers cold work solutions with weldless, high-performance flange-to-pipe connections. It provides a permanent repair option for improving pipeline integrity and flow assurance, eliminating the need for welding or hot work. ICR’s drone division, Sky-Futures, has also secured further international work.
NAMA Development Enterprises is ICR Group’s sponsor in Abu Dhabi, while its new execution partner in Abu Dhabi is APS.
ICR Group and NAMA Development Enterprises will be exhibiting at Stand 6210 at ADIPEC.
For more information on ICR, visit www.icr-world.com