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Axon opens new R&D technology centre
A GLOBAL oilfield supplier hailed the North-East's skills and work ethic after choosing it for a new technology centre.
Axon Energy Products said it will create up to 40 skilled engineering and research & development jobs at a specialist facility in Team Valley, Gateshead.
The move, which strengthens the region's offshore supply chain, has been helped by the inward investment team at Newcastle Gateshead Initiative and Gateshead Council, as well as a £300,000 pledge from the Regional Growth Fund.
US-based Axon specialises in pressure, well intervention, drilling, downhole and tubular products, as well as rig concept and design.
Gary Stratulate, the chief executive of Axon, said: “After visiting the North-East England area, it was clear that the region’s skills, work ethic, academia, and infrastructure create an ideal location for our new R&D facility.
"We’re excited about further developing Axon’s R&D activities to meet the growing demands of our dynamic industry.”
Catherine Walker, director of inward investment at Newcastle Gateshead Initiative, added: “We’re delighted with Axon’s decision to base its European operations in Gateshead. Its presence will further strengthen our world-renowned reputation for innovation in research and development, particularly within the offshore and marine sector.
"The additional skilled engineering jobs created and the potential benefits to the existing supply chain will be a welcome boost for both the local and regional economies.”
Mick Henry, Leader of Gateshead Council, said: “The offshore energy sector is one where this region really has the potential to demonstrate its competitive edge. This is exactly the sort of success that we created the Inward Investment Team to secure, delivering high quality jobs and major economic benefits.
“We’ve already been supporting Axon in their move and we look forward to working closely with this exciting business for many years to come.”
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