It seems Flotation's main competitor was not getting the job done. Seems that we are now positioned to be the go to guys in the buoyancy business.
Flotation Technologies’ principal competitors in the polyurethane area are Trelleborg AB, Balmoral Group, Dunlaw Engineering Ltd., ABCO Industries Limited, and Whitefield Plastics Corporation. Flotation Technologies’ principal competitor in the syntactic foam is Trelleborg AB. CRP Group was acquired by the Trelleborg AB in January 2006 and now operates worldwide as Trelleborg Offshore, with North American operations under the name Trelleborg Offshore, Inc. Other competitors include Cumming Corp., located in Massachusetts; Matrix Composites & Engineering Ltd., located in Australia; Balmoral Group, located in Scotland; Syntech Materials, Inc., located in Virginia; and Marine Subsea Group, located in Norway.
Because of historic purchaser dissatisfaction with Flotation Technologies’ principal competitor, the Company was asked by oil companies to provide buoyancy products to the oil and gas exploration and production sector. The most significant step for Flotation Technologies to take in order to get into the oil business was to secure an ISO 9001:2000 registration for its manufacturing operation. Receipt of those certificates allowed oil and gas clients to place their first orders with Flotation Technologies.
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