BIDDEFORD, Maine (Aug. 21) — Flotation Technologies Inc., a deepwater buoyancy and polyurethane elastomer systems manufacturer, has moved to a 45,000-sq.-ft. facility, increasing its staff and tripling manufacturing capacity.
The plant, located in Biddeford Industrial Park, has space to accommodate future growth, Flotation Technologies said. The increase in production will enable the firm to grow its staff 50 percent by the end of the year, it said.
The growth is in response to the firm recently securing more than $12 million in new contracts with major integrated oil companies, drilling contractors and oil service firms, the company said.
Flotation Technologies also received the Manufacturing Extension Partnership´s Manufacturing Excellence Award.
The MEP recognizes companies for achieving world-class manufacturing status and said Flotation Technologies´ superior manufacturing practices and dedication to continuous improvement made the firm worthy of the honor.