Facility in Mexicali, Mexico is closing permanently.
The company has ceased manufacturing operations at the plant and has initiated a total liquidation of the site's asset per this new article https://www.aaronindustrialsolutions.com/MVC/auctions/national-oilwell-varco-mexicali
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Mexicali was ideal for producing cookie-cutter products at mass. Because of Mexicali the ST-80 became THE land rig iron roughneck. If the business of O&G is no longer mass purchases and new rigs, it may not make sense to have a Mexicali. It's a real shame because it was a very special facility run by amazing people.
Wow. I thought Mex was one on NOV’s mfg Crown Jewels.