This company’s subsidiary, Balmoral Offshore Engineering, founded in 2006 by James Milne, manufactures buoyancy, insulation and polyurethane products for the offshore oil, defence, subsea communications and oceanographic industries. Subsea buoyancy modules are made to withstand the extremes of deep-water pressure and provide lift to the steel pipes that run between the platform or vessel and the seabed. The Aberdeen-based company has benefited from increasing deep-sea exploration activity, which has driven up international sales by 82% a year, from £14.8m in 2008 to £48.8m in 2010.
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