NOV Announces Expansion of Subsea Flexible Pipe Manufacturing Capacity to Support Growing Demand
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: GlobeNewswire
NOV to roughly double the capacity of its manufacturing facility in Brazil over the next three years to support anticipated demand$200 million capital expansion positions NOV to capture expected growth in offshore development activity and advance solutions for high-CO2 applicationsSustained high utilization and strong backlog across existing facilities support the need for additional capacity HOUSTON, March 25, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) today announced plans to roughly double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil, through a $200 million investment over the next three years. “We are expanding our subsea flexible pipe manufacturing facility in Açu, Brazil to support what we see as sustained, long-term demand,” said Jose Bayardo, Chairman, President and Chief Executive Officer of NOV. “Along with our key customers, we believe this investment is critical to meeting growing demand driven by deepwater developments and an expec
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NOV
News
- NOV Inc.: Near-Term Middle East Headwinds Could Become A Tailwind Down The Road - Hold [Seeking Alpha]Seeking Alpha
- NOV Appoints Sanjay Chowbey, President & CEO of Kennametal Inc., to the Board of DirectorsGlobeNewswire
- NOV Announces First Quarter 2026 Earnings Conference CallGlobeNewswire
- NOV (NOV) was downgraded by TD Cowen from "strong-buy" to "hold".MarketBeat
- NOV (NOV) had its price target raised by The Goldman Sachs Group, Inc. from $17.00 to $20.00. They now have a "sell" rating on the stock.MarketBeat
NOV
Earnings
- 2/4/26 - Miss
NOV
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- NOV's page on the SEC website