Aberdeen energy service firm Flextech said today it had invested £500,000 in a new manufacturing and fabrication base in Grimsby.
The expansion is expected to help the fledgling company diversify into the green-energy sector.
Flextech is primarily involved in flexible pipe and rise engineering projects, offloading systems and integrity management and inspection.
Founded only last year, it has turned over £1million in its first 12 months and says it is on target to reach £2.5million by the end of year two.
It already had a research and development (R&D) facility in Lincolnshire to complement manufacturing and R&D operations in Bucksburn, Aberdeen.
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.
“With such clear synergies between our services and equipment offerings within the oil and gas and renewables sectors, and the renewables developing at such a significant rate, the placement of our R&D facility in the region positions us well for an advance into the sector.”
The newly acquired one and a half acre facility, with 3,000 square feet of office and workshop space, already employs seven people and Flextech plans to recruit a further five over the next year.
Mr Keyworth said: “Companies that we have worked with in the region to develop the new base have been fantastic, and incredibly thorough, responsive and reliable, helping the development to progress in a smooth and successful manner.”
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