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Flextech invests £500,000 new R&D hub


Published Sep 24, 2014
Grimsby - Men at Work

As part of its ongoing growth and development strategy, FlexTech has invested £500,000 into a new manufacturing and fabrication base in Lincolnshire.

Since its inception in March 2013, the Aberdeen based company has achieved turnover of £1milllion, and it is on track to reach £2.5million by the end of year two.

With existing research and development and manufacturing premises in Aberdeen, and an R&D facility in Lincolnshire, FlexTech’s new Grimsby base will help to expand its presence across the UK, with plans to extend its capabilities and offerings into the renewables sector.

FlexTech Engineering Director, Craig Keyworth, said: “Since start-up, the company has been performing successfully within the oil and gas industry. The new investment in Grimsby is strategic due to the region emerging as a key player in the renewable energy industry, with potential to become the UK capital of the offshore wind industry.

Tags: FlexTech




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