Page 101 - AMEFT Journal 2021-4
P. 101

(Source: Cortec® Corporation)
Cortec® Corp doubles investments in Europe
Split in Croatia is now Europe’s main production and distribution point for Cortec’s corrosion protection chemistries. CorteCros®, a member of the Cortec® Corporation group, has ac- quired a new facility building in Split, from CROSCO d.o.o., subsidiary of INA, a Croatian multinational oil company. CorteCros® is now the 100% owner of the logistics and distribution center in Split, which has recently expanded its production facility and storage capac- ity.
Patented VpCI® Technologies li- censed under Cortec® Corporation are some of the most widely used and renowned corrosion protection products in the world. Cortec® Cor- poration has 10 locations around the globe with headquarters in St. Paul, MN. With this acquisition in Croatia, Cortec’s CEO and owner, Boris Miksic, doubled his business in Europe: “when we started to work on the construc- tion and logistics of the center in Split, our goal was to position Croatia as the main strategic point in Europe for envi- ronmentally safe corrosion protection technologies. Five years later, I can proudly say that we succeeded.”
The company is supplying three con- tinents—Europe, Asia and USA—from its facilities in Croatia. Capacities in
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Croatia include EcoCortec’s anticorro- sion films and bioplastics plant located at the east of the country and Corte- Cros’s logistics and production center near the coastal town of Split. The company’s offices are located in Cro- atia’s capital, Zagreb. With this new expansion, Croatia became a strate- gic base for Cortec® Corporation and is now a central point for the pro- duction and distribution of Cortec’s solutions in this part of the world. Companies in the Cortec® Europe group are growing continuously; CorteCros® recorded 20% revenue growth despite last year’s pandemic challenges, while EcoCortec’s rev- enue has increased 45%!
In addition to manufacturing and testing, CorteCros® provides inte- grated solutions and full technical support for Cortec’s products and ser- vices. Newly equipped ASTM and ISO certified laboratory is also located in the logistics center in Split. All prod- ucts are registered according to the REACH standard. CorteCros® also of- fers a wide range of biotechnology solutions from Cortec’s Canadian sub- sidiary, Bionetix® International, which uses a variety of microorganisms and nutrients to create biological products used in thousands of field applications
worldwide. “We are the main supplier of corrosion protection solutions for the world’s largest car manufactur- ers: Mercedes, Volvo, Ford, Toyota and other important systems such as Bosch, IBM, General Electric, Caterpil- lar, Rolls Royce Group, Russian Rail- ways, MOD, ExxonMobil, Airbus and others. The pandemic, which unfortu- nately had devastating effects on the whole world did not affect our busi- ness. On the contrary, we achieved growth in the past year,” says Cortec’s CEO, Boris Miksic.
Future Plans in Croatia
Miksic has invested over 20 million Euros in Croatia so far and plans anoth- er expansion in the near future. “We will increase our capacities in Split and are planning to build new compound- ing and reprocessing plants next year, near existing EcoCortec® facilities. One plant will produce Cortec’s patented VpCI® corrosion protection additive, which will contribute to the self-sus- tainability of EcoCortec® while the other one will be a recycling plant. We are on [an] excellent path of branding Croatia as a central point in this part of the world for green cor- rosion protection technologies,” con- cludes Miksic.
PROCESSING & PACKAGING
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