RenQuip is expanding with a second facility in Grangemouth, Scotland’s energy and petrochemical hub.

The depot will boost service reliability, reduce logistics costs, support rental and on-site services, create jobs, and drive £2 million ($2.7 million) turnover growth over three years.

Marc Gerrard, Managing Director, said: "Heading in to our fifth year of trading, we have created a solid foundation for growth and we are starting to feel our brand take hold across the UK and Internationaly. The time feels right to begin our expansion plans and "Establishing a presence in Grangemouth allows us to better support our customers where they need us most. This expansion strengthens our ability to respond quickly to critical maintenance and construction activities while positioning RenQuip for continued sustainable growth across Scotland’s industrial sector."