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Wednesday, 07 January, 2009, 18:20 GMT | more >>

Flotek expands international horizons



By Upstream staff 

Petrovalve, a subsidiary of Flotek Industries, has signed an agreement with Canadian supplier CE Franklin to act as the exclusive distributor of Petrovalve production tools within Canada.

In addition, Spidle Turbeco, a Flotek subsidiary within the downhole drilling tools segment, received the first purchase orders associated with a $4 million inquiry from a major South American mining company.

Initial orders of $500,000 are being manufactured for immediate shipment.

Flotek chairman and chief executive Jerry Dumas commented: "International expansion is fundamental to the core growth strategy of the company. These two developments solidify our presence throughout North and South America."


Monday, 06 June, 2005, 17:15 GMT  | last updated: Monday, 06 June, 2005, 17:16 GMT

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