DALLAS--(BUSINESS WIRE)--Therma-Flite, one of the leading innovators of technology for resource recovery, today announced a series of strategic steps the company is taking aimed at navigating successfully through a dynamic growth period and to position itself for long-term sustainable growth. The company, known for a niche expertise in thermal processing of waste into more environmentally-friendly material, has seen a 600% increase in business over the past 5 years.
Mike Potter, president and CEO, said, “We are finding that customers want to maximize the value in waste streams and are seeking Therma-Flite’s products and services that can help them do so in an environmentally responsible way. Our growth is coming from a broadening awareness that thermal processing systems are able to extract resources that would otherwise go to a landfill or to waste, whether it be from oil and gas, mining, waste water or other industries. Over the next four years we will continue to grow rapidly and the steps we’ve taken better position the company for more profitable and sustainable growth as well as a positive experience for our employees.”
Potter provided an overview of the strategic steps including:
1.) Expansion of the executive management team naming vice president positions for critical functions such as strategic marketing, sales and business development to ensure we identify market opportunity beyond the sectors currently being served and build strong teams who can provide the level of quality customers expect from the Therma-Flite brand.
2.) Development of a solution services offering targeted to launch later this year that will provide an innovative, flexible suite of services for both existing and new customers.
3.) Increased capacity achieved by recently completing an expansion of operations in several locations that will serve the company through 2018.
4.) Global growth by continuing to focus organically on our core markets and identifying strategic opportunities outside of the US where the need for environmentally responsible alternatives for waste management is at critical levels.
“We intend to strategically expand into new markets where we can make a positive impact, not only for the company, but also for the communities where our systems, services and employees are at work. As our company mission states, we will continue to create value for our customers and do the right thing for the environment,” said Potter.
Therma-Flite is a resource recovery company that builds innovative thermal processing systems that extract resources that would otherwise go to a landfill or to waste. With operations in several locations throughout the US, the company helps customers in NA as well as Europe and Asia, maximize the value of their waste streams in an environmentally responsible manner. For more information, visit www.therma-flite.com.