GLASGOW-based generator specialist Dieselec Thistle has said it is on track to grow annual revenues by 10 per cent, to around £15m, amid booming demand from hospitals and increased export sales following the fall in the pound.
The engineering firm has clinched orders worth £4 million in total in recent months to supply generating equipment for use in hospitals in Scotland and England.
The orders cover the East Lothian and Orkney hospitals, the Midland Metropolitan in Birmingham and the University Hospital of North Tees in Stockton.
Dieselec is confident the Midland Metropolitan project will go ahead in spite of the collapse of Carillion, which was building the hospital.
A specialist in standby power systems, Dieselec has been able to use its skills to capitalise on continued strong construction activity in the health care sector.
Managing director Paul Moore said the company has developed a strong track record in delivering large National Health Service energy centre projects.
“Our power solutions team is technically expert in this area, and it has really gathered momentum,” said Mr Moore.
Dieselec installed facilities at the Royal Hospital for Children and new Queen Elizabeth University Hospital in Glasgow in 2017.
Mr Moore noted: “Our overseas sales are also up due to exchange rates.”
Backed by the Glasgow-based Nevis Capital investment business, Dieselec plans to increase stock levels in response to the strong demand it has been enjoying.
The company expects to increase employee numbers by around five this year. It employs 60 people currently.
Nevis acquired a significant stake in Dieselec in 2010.
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