Markel Products Company

Markel Products Company Overview

Company Headquarters: US

Founded: 1921

Workforce: N/A

Company Working: Markel Products Company is an operating subsidiary of TPI Corporation, which is primarily engaged in building custom products for manufacturing and industrial applications. Additionally, it specializes in manufacturing and marketing electric infrared process equipment and powder coat curing systems. The company provides innovative, industry-leading products for the electric heating, fan and ventilation, industrial lighting, commercial controls, and industrial oven markets. The company also provides infrared equipment for applications in shuttles, seats, fuel handling and storage, belt conveyors, overhead conveyors, and specialty ovens. Furthermore, it serves the industrial, commercial, and residential sectors in the US.

Strategy

Markel Products Company focuses on developing and launching technologically superior and cost-effective electric heat comfort zone devices. It strategizes to expand its product portfolio by modifying its existing products or production processes. Moreover, the company concentrates on optimizing its products development, purchasing, production, sales, and administration processes to enhance its operational efficiency and counter the cost risks related to these processes.

Company Snapshot

1921

Founded

US

Headquarters

SWOT Analysis

Strengths

Strong product portfolio
Adoption of advanced technologies

Weaknesses

Dependence on the US electric wall heater market
Irregular product development

Opportunities

Strategic partnerships with the domestic start-ups
Growth opportunities outside the US

Threats

Increased competition

Product Offering

Markel Products Company
- Electric Heat Comfort Zones

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