An offshore supplier has announced a commitment of almost £1m to upgrade its Dundee facility.
PressureFab Group investment of £935,000 is expected to creating 25 new jobs over the next two years at its site just off the A90 at the Port of Dundee.
The cash is for an upgrade which will enable PressureFab Group to take advantage of future demands from the oil and gas industry, as well as the emerging renewable energy sector.
In support of this investment, the supplier of transport and development equipment to the offshore industry has also been awarded a £250,000 grant from Scottish Enterprise.
Hermann Twickler, managing director of PressureFab Group, said: "This £935K investment package is urgently required to sustain further growth for the Group and to enable us to compete on the world market, as well as within the Scottish offshore sector. PressureFab Group is also now ready to handle any new challenges and opportunities that the developing renewable industry may bring.
"I am really pleased that our application for RSA funding has been approved by Scottish Enterprise. This award is further proof that the Scottish Government and Scottish Enterprise are truly committed to nurturing the Scottish manufacturing sector.
"Since we moved into our Dundee facility two years ago, we have already created nearly forty new jobs in Dundee. We are currently recruiting for several positions, including at least ten welders, and hope to increase our staff numbers by more than fifty per cent over the next two years."
Part of the investment will be used to purchase machinery as well as state of the art new facilities.
Energy minister Fergus Ewing said: "Scotland's oil and gas sector leads the world, and makes an immense contribution to our economy, thanks to our world leading expertise and innovation. With more than half of the value of the North Sea's oil and gas reserves yet to be extracted, oil and gas will remain an enormous economic resource for decades to come.
"The Scottish Government's oil and gas strategy promises increases in public sector support to companies with significant growth prospects. I welcome PressureFab Group's decision to invest in the industry's future, and am delighted we can support them in this investment."
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