Flex-Tek is a global provider of engineered components that heat and move fluids and gases for the aerospace, medical, industrial, construction and domestic appliance markets.
Our flexible hosing and rigid tubing provide fluid management for fuel and hydraulic applications on commercial and military aircraft, deliver fuel gas and conditioned air in residential and commercial buildings, and provide respiratory care for medical applications. Flex-Tek heating elements and thermal systems improve the performance of medical and diagnostic equipment as well as that of domestic appliances such as clothes tumble dryers and HVAC equipment.
Key facts
Employees 2,000
2012 Revenue £233m
2012 Operating profit margin 16.3%
Principal operations regions
Flex-Tek operations are principally located in the US and Mexico with Asian operations located in India, China, and Malaysia, and European facilities in France and Germany.
Customers
We serve mainly aerospace engine and airframe manufacturers, domestic appliance manufacturers and the US construction industry. Large customers include Boeing, Airbus, Pratt & Whitney, GE Aerospace, Whirlpool, Electrolux, Trane, WinWholesale and Carrier. Our notable distributors in the US construction market include Ferguson and Watsco.
Competitors
Competitors for our Fluid Management business include specialty segments of Parker-Hannifin, Eaton, and Kongsberg; as well as vertically integrated capacity from key customers. Heat Solutions noteworthy competitors in the US include: Nibe, Watlow and Chromalox; and in China, Kawai and Dongfang manufacture a wide variety of electric heaters. Flex-Tek’s Construction products competes with US manufacturers: Hitachi, Atco, Omega-Flex, Hart & Cooley and Goodman. Flexible Solutions competes globally with a number of smaller privately owned businesses which manufacture specialty hoses.
Suppliers
Flex-Tek sources key raw materials from world-class companies including electrical resistance wire from Sandvik, fibreglass insulation from Owens Corning, specialty plastic resins from DuPont and PolyOne, and stainless steel from Allegheny Ludlum. Each of these supply chain partners is chosen based on its ability to provide exceptional quality, service and value.
Financial highlights
Revenue performance
Revenue by sector £233m
- Fluid Management 35%
- Flexible Solutions 15%
- Heat Solutions 24%
- Construction Products 26%
Where we operate
Flex-Tek operations are principally located in the US and Mexico with Asian operations located in India, China, Malaysia, and the Philippines, and European facilities in France and Germany.
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