NOV plans $200 million expansion; subsea flexible pipe capacity in Brazil roughly doubles over three years

Reuters03-25

NOV plans $200 million expansion; subsea flexible pipe capacity in Brazil roughly doubles over three years

NOV announced a $200 million investment to roughly double capacity at its subsea flexible pipe manufacturing facility in Açu, Brazil over the next three years.
The capital expansion is expected to lift the company’s capital expenditure plan by about $50 million.
Management said existing manufacturing capacity has been operating at or near full utilization, with a backlog stretching well into 2028.
The company expects additional capacity to come online in late 2029 and said the expansion supports its CO₂-resistant subsea flexible pipe designed for high-CO₂ applications.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NOV Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603250630PRIMZONEFULLFEED9678206) on March 25, 2026, and is solely responsible for the information contained therein.

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