The US$3.7 million profit returned for 2015 is the first for the Darlington-based steelwork company in four years, reflecting the success of the current management team.

Turnover at the company, which is owned by Al Rushaid Petroleum Investment Company, increased in 2015 by 53% on the previous year to US$75 million.   

Cleveland Bridge UK has secured a number of UK and international projects for 2016 and 2017, which will support further turnover growth this year. These projects include an extension to the M74 motorway in Scotland, the redevelopment of London Bridge Station and the A6 Manchester Airport Relief Road.

The company is supplying steel deck units for the approach bridges on the Queensferry Crossing, Scotland’s largest infrastructure project, and is also supporting the widening of the A1 in North Yorkshire with the fabrication of steel girders to support the construction of bridges across the main carriageway.  

Employing almost 300 people directly, including 24 apprentices, and a portfolio of contractors, Cleveland Bridge UK has put a particular focus on improving efficiencies at its site in Darlington.  It has invested in new equipment and implemented new processes to support production improvements, which will continue in 2016 to underpin further growth and profitability.

Chris Droogan, Managing Director of Cleveland Bridge UK Ltd, said: “The efforts of the new management team, together with the commitment of our workforce and the support of our owners have enabled the business to return to profit.  

“Infrastructure investment, in the UK and internationally, continues to provide long-term opportunities for the facilities, skills and experience of the company.  Through continued investment and increased activity in our international sales functions, Cleveland Bridge UK aims to maintain its profitability and secure our position and reputation for high quality and timely project delivery.”