Flotek Industries, Inc.

Flotek Industries, Inc. Overview

Company Headquarters: Texas, United States

Founded: 1985

Workforce: ~570

Company Working:

Flotek Industries, Inc. is a global, technology-driven corporation that provides chemistry and services to the energy, mining, industrial, and consumer markets. The company offers innovative solutions that assist clients in maximizing the value of their resources while addressing environmental issues. Flotek Industries, Inc. is headquartered in Houston, Texas, and operates several sites and facilities around the globe, including one in Oklahoma, Texas, Wyoming, India, the UK, and The Netherlands. The company's three operating segments are Energy Chemistry Technologies, Consumer and Industrial Chemistry Technologies, and Florida Chemical Supply. Energy Chemistry Technologies concentrates on developing and providing specialty chemicals to the oil and gas industry to improve well drilling, completion, and production. The Consumer and Industrial Chemistry Technologies segment provides innovative solutions for numerous industries, including the construction, agricultural, and automotive sectors. The Florida Chemical Supply segment manufactures and distributes citrus oils, solvents, and other products. Flotek Industries, Inc. is committed to sustainability and focuses on developing environmentally responsible products and services that contribute to a better future. Additionally, the company invests in R&D to continuously improve its product offerings and remain ahead of industry trends.

Strategy

Innovation: Flotek Industries, Inc. is committed to developing and delivering innovative solutions that resolve industry challenges and assist clients in maximizing their resources. The company invests heavily in R&D activities to remain ahead of industry trends and create new products and services.Flotek Industries, Inc. is committed to sustainability and focuses on creating eco-friendly products and services that contribute to a better future. The company understands the significance of minimizing its environmental impact and is dedicated to reducing waste and emissions.Customer-Focused: Flotek Industries, Inc. is committed to providing superior customer service and fostering long-lasting customer relationships. The company collaborates closely with clients to identify their requirements and develop individualized solutions to their unique challenges.

Company Snapshot

$50.3M

Revenue

570

Employees

1985

Founded

Texas, United States

Headquarters

SWOT Analysis

Strengths

Specialization in oilfield chemicals and equipment
Strong research and development capabilities
Diverse range of products and services
Commitment to sustainability

Weaknesses

Expansion into renewable energy sector
Development of innovative technologies
Strategic collaborations and joint ventures
Growing demand for eco-friendly products

Opportunities

Expansion into renewable energy sector
Development of innovative technologies
Strategic collaborations and joint ventures
Growing demand for eco-friendly products

Threats

The industry is becoming increasingly competitive.
Prohibitive environmental laws
Threats to operations posed by geopolitical factors
Dangers in Cyberspace

Product Offering

Flotek Industries, Inc.
- Drilling Fluids Market

Financial Performance

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