Siemens Service in Lincoln has secured a multi-million pound contract to provide gas turbines for a natural gas project in Australia. The Lincoln operation has achieved record sales following a major investment. Siemens is relocating part of the business in September 2012. The firm currently has 1,500 employees; further jobs could be created as result of its expansion.

T Clarke strengthened its order book to £210m between January and May 2012, from £190m in April 2011. £100m of work will be undertaken in 2012. It has completed £46m of work, securing over 80% of 2012 target revenue. The company is preferred bidder for £30m of projects starting in 2012. Turnover in 2010 was £179m, 1,441 employees.

Edinburgh headquartered JDR Cable Systems, which designs and manufactures subsea cables and umbilical systems, has invested £30m at its plant based in Hartlepool, County Durham. As a result the company is ready to bid for new contracts in the wind farm industry and has recently secured a contract for Dong Energys Gunfleet Sands wind farm project. Andrew Norman is Chief Executive.

Electronics company Philips recorded an 80% increase in net profits to £203m in the 2012 first quarter, while sales grew 4%. The healthcare division performed strongly with sales up 9% but sales of consumer lifestyle products fell 1% compared with the 2011 first quarter. The outlook for 2012 remains uncertain.