A FLOURISHING Hartlepool cable-making firm is celebrating after winning one of Britain’s most prestigious business awards.
JDR has won a Queen’s Award for Enterprise in International Trade. The Greenland Road-based business can now boast two Queen’s honours as it also won the International Trade award four years ago.
The latest recognition marks the town firm’s successes in the international oil, gas and renewable energy markets. Over the last three years, JDR has seen substantial growth
and now exports more than 80 per cent of its output. The company’s overseas markets extend from the North Sea to the Gulf of Mexico, and from the Asia Pacific markets, to West Africa.
As a result, JDR’s overseas revenues have increased by 248 per cent% since 2010.
Its success was achieved by growing business for existing products and services, venturing into new markets, and investing in new technology.
Bosses say JDR’s success is also down to the continued investment in its manufacturing base in Hartlepool which was opened in 2009.
Chief executive Andrew Norman said: “It’s a proud day for our business. This award is testament to the strategy we established in 2008: to grow JDR by targeting new global markets through investment in our products, technology and infrastructure.”
He said the company’s focus on offshore wind “has seen JDR win business with the UK’s pioneering wind farms and turn this into an export opportunity.”
The Queen’s Awards to Enterprise are the UK’s most prestigious business awards, and are given only to companies or individuals who are outstanding in their field.
Previously known as the Queen’s Awards to Industry, the first awards were given in 1966.
For the International Trade award, winners must have demonstrated their business has achieved substantial growth in overseas earnings and in commercial success (for their business size and sector) through either: outstanding achievement over three years; or continuous achievement over six years.
JDR provides subsea power cables that operate in the world’s harshest offshore environments. It has invested in state-of-the-art manufacturing facilities, technology and people in Hartlepool to deliver its product.