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    New funding for expansion at EnerMech

    Company News // July 16, 2010

    Aberdeen-based EnerMech has secured 24 million worth of new funding in order to help it expand.

    The company has secured up to 20 million in the form of a credit facility from Lloyds Banking Group and raised 4 million to help it buy business premises and surrounding land.

    Most recently, the company was awarded an 8.2 million crane operation, maintenance and inspection contract by BP Exploration (Caspian Sea) Ltd in Azerbaijan.

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