A WEARSIDE firm is hoping to crack open new markets thanks to fracking.
Cylinder Service Centre, which manufactures and repairs hydraulic cylinders for sectors including oil and gas and the automotive industry, has just added a 6,000 sq ft extension to its 24,000 sq ft premises on Washington’s Wear Industrial Estate to cope with demand.
Now the firm is hoping to expand its workforce too.
Managing director Gary Davison, who set up the business nearly 20 years ago, said: “We’ve been expanding since 1994 when I started by myself, and we now employ 44 people and are taking people on virtually all the time.”
Hydraulic fracturing – or fracking – involves injecting water, mixed with sand and chemicals, into rocks at high pressure to release gas, oil or minerals.
Drilling companies believe trillions of cubic feet of shale gas could be extracted from some areas of northern England using the technique.
“We are looking to position ourselves in the market to exploit the possible fracking boom because we are already established in the oil and gas industry, which will be developing the fracking sites,” said Mr Davison.
“This could potentially be an exciting period of growth for us.”