Newspaper article THE JOURNAL RECORD

Tulsa-Based Enardo Triples Plant Size, Plots Revenue Growth

Newspaper article THE JOURNAL RECORD

Tulsa-Based Enardo Triples Plant Size, Plots Revenue Growth

Article excerpt

Enardo has tripled its plant size as part of a five-year strategy to double its revenue through increased exports and new product applications.

The Tulsa-based manufacturer of gauge hatches, pressure relief valves and other products has expanded into 35,981 square feet leased at the Tulsa Distribution Center, 4477 S. 70th East Ave.

Enardo has relocated some manufacturing operations to the new space from its 18,000-square-foot headquarters plant at 4470 S. 70th East Ave. The private company also moved some warehouse operations into the new site, allowing Enardo to vacate 2,000 square feet of neighboring leased space.

"We're not using all the space across the street yet," General Manager Nelson Head said Thursday. "We've moved in there and it's made a huge difference in our work flow."

Enardo completed the consolidation over a weekend, with no downtime.

"We have a very aggressive growth plan," Head said of their expansion. "It allows us that flexibility to do that over the coming 18 to 36 months."

With four product families, Head said Enardo draws 90 percent of its revenue from U.S. customers. About two-thirds of that comes from the energy sector, the other third from petrochemical, water, wastewater, pharmaceutical, landfill, loading terminals and other industries.

Those statistics outline Enardo's strategic focus.

With its products demonstrating strong durability - Head said it would not surprise him if some vent valves or other Enardo items still in use dated back to the company's founding some seven decades ago - the subsidiary of HMT Inc. of The Woodlands, Texas, intends to focus sales growth efforts on overseas developments.

Head said Enardo has ramped up efforts to gain vendor certification with international exploration and production companies. Depending on the company or nation, he said the process can take 12 to 24 months or longer, with potential demands thrown in for some localized assembly or manufacturing.

"In the Middle East, as an example, of the roughly 68 E&P companies that we've identified as key targets of opportunity, we've received approval for 44 of those," he said. …

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