It's been a big year for Centek Inc.
Less than 12 months after establishing its North American headquarters in Oklahoma City, the oil-field equipment manufacturer has far outpaced its projections.
The company initially expected to have about 30 employees when it celebrates its anniversary on July 2. It also expected about $4 million in sales in its first full fiscal year, which ends Oct. 31.
Instead, Centek now employs about 80 people and has plans to grow to at least 100 by the end of December. Centek also has sold nearly $11 million in well casing stabilizers and is on pace to top $15 million by the end of the fiscal year.
“That means our product is becoming more accepted and we're becoming a serious employer,” said Cliff Berry, Centek's vice president of global business development. “This is the reason why we are in Oklahoma. We wanted to be centered in the industry and near our major customers.”
Recruiting other firms
Centek's success makes it easier for community leaders to recruit other companies to relocate or expand to Oklahoma, said Roy Williams, president of the Greater Oklahoma City Chamber.
“When a company like that gets here and triples its size so quickly, that's the kind of company you want to talk about,” Williams said. “To see them grow at that pace is really exciting. When they moved here, they said they were optimistic but conservative in their projections. The market has proved there's a whole lot more demand than they initially anticipated.”