What is CORTEC.?
Founded in 2003, CORTEC is a prominent supplier of high-quality flow control products and services to the Oil and Gas industry. The company designs, engineers, manufactures, assembles, and tests its products in Louisiana, USA, with primary manufacturing facilities in Houma and Port Allen. CORTEC operates globally through two divisions: CORTEC Fluid Control (CFC), which specializes in Production and Drilling Chokes, Pressure Relief Valves, and API Flow line Components, and CORTEC Manifold Systems (CMS). Their growing international presence is supported by strategic partners worldwide, ensuring comprehensive customer support.
How much funding has CORTEC. raised?
CORTEC. has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in CORTEC.
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for CORTEC.?
The substantial enterprise-level funding and recent strategic investment indicate CORTEC is poised for significant expansion and technological advancement. This capital infusion will likely fuel further development of their specialized flow control solutions, enhance manufacturing capabilities, and broaden their global market reach. The company's focus on domestic manufacturing combined with international partnerships suggests a strategy aimed at solidifying its position as a key player in the global Oil and Gas supply chain, potentially leading to increased market share and new product innovations.
See full CORTEC. company page
