NATCO to build R&D facility in Houston
Oil and gas equipment company NATCO Group Inc. building a new research and development facility across from its corporate headquarters in Houston.
Houston-based NATCO (NYSE: NTG) is relocating its research and development center from Tulsa, Okla., to Houston.
The firm plans to build the new 30,000 square-foot facility at 4901 North Sam Houston Parkway, directly across from its corporate headquarters.
The center will triple the size of NATCO’s current R&D operations, the company said, allowing additional space for large-scale pilot plants, technology developments, computer and scale modeling, and laboratory services.
The new center also will include space to display working demonstration models and computer animations, as well as state-of-the-art training and presentation facilities.
NATCO Chairman and Chief Executive Officer John Clarke called the project an investment in his company’s future.
“To bring our research and development efforts right into the heart of our customer base presents a tremendous opportunity to continue to grow the business,” said Clarke.
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