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Big Investments at NOV Flexibles UK

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NOV Flexibles UK (formerly Itasco Precision Ltd) has an unparalleled reputation around the world for engineering excellence in the fields of precision machining, weld cladding and heat treatment. Having become part of National Oilwell Varco in 2013, it has gone on to achieve great things. Since acquisition, NOV has invested several million pounds into the purchase of new machinery as well as modernisation and expansion of its Southfield facility.

The investment was supported by Scottish Enterprise’s Regional Selective Assistance programme and has brought about the creation of several new jobs since October. The new facility extension has a higher roof height allowing the use of larger equipment and will house new machinery including a CNC VTL machine, a Horizontal Boring machine and new welding equipment, which opens so many more opportunities for the business, whilst reducing the risk of solely focusing on one specialised market. NOV has recently committed to an extended lease of its Glenrothes premises ensuring Flexibles UK’s future in Glenrothes has been secured for a further ten years.

James Mullen, Operations Director of NOV Flexibles UK, which exports 90 per cent of all products, said: “Our new facility, which will house larger machinery, is a game changer for the business. This investment has enabled us to diversify and introduce a whole range of new products. We’ve exciting times ahead, which we look forward to driving from our base here in Fife.”