Balmoral manufactures polymer-based flotation equipment for the deepwater oil and gas industry. It also makes industrial tanks used for water storage, wastewater treatment and biogas processing. Founded in 1980 by Jim Milne, 76, the company is based in Aberdeen and has offices in Houston and Rio de Janeiro. Profit reached £32.9m in 2016, boosted by demand for sub-sea lines from oilfields off Brazil and west Africa, despite low oil prices.
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