Babcock LGE Process, part of the FTSE 100 Babcock International Group, is honoured to receive The Queen’s Award for Enterprise in International Trade, in recognition of its outstanding growth in overseas sales over the last three years.
With a global, market-leading presence, Babcock’s liquid gas engineering capability has grown impressively – a fact proudly underpinned by its double success with it also receiving a Queen’s Award for Enterprise in ‘Innovation’.
With an integrated business philosophy that focuses on Engineering, Procurement and Project Management, Babcock has positioned itself as the company to work with for specialised systems for the processing, handling and storage of Liquefied Petroleum Gas on new build liquefied gas ships.
Focusing its export strategy on developing close relationships with customers, Babcock’s approach involves UK-based activities supported by engineers based at customers’ shipyards. The rapid growth of the business has allowed Babcock to continue to support a UK-wide supply chain and to increase its workforce in Scotland from 40 to 120 in four years – with active recruiting still underway. With all the company’s sales exported, Babcock has recorded triple figure percentage growth in overseas sales with a major presence in the South Korean market and plans to grow market share in China and Japan by continuing to build relationships with the world’s largest shipyards, including Hyundai and Daewoo in South Korea, Jiangnan in China and Namura in Japan.
Using its first class capabilities and extensive experience, Babcock will continue to push the business onto the next level and to carry on exporting its expertise and patented technology to ship owners across the world.
Neale Campbell, Programme Director, commented: “Thanks to our progressive export strategy we have rapidly grown our business in overseas markets over the past three years. Our exporting success is all about our team, and the drive and dedication it has shown to position Babcock as world leader in the international trade of LPG technology.”