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Powell Industries
Powell Industries

-5.16%

Electrical industry / Electrical Equipment and Systems

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Overview
Powell Industries is a leading producer of electrical equipment and systems for the energy and industrial markets. The company was founded in 1947 and is headquartered in Houston, Texas. Powell Industries designs, manufactures, and services custom-engineered solutions for the generation, transmission, distribution, and control of electrical energy. The company’s products and services are used in a variety of industries, including oil and gas, petrochemical, electric utilities, chemical, pulp and paper, and food and beverage.
Powell Industries offers a comprehensive range of products and services, including switchgear, motor control centers, power control buildings, utility controls, and power quality products. The company also provides engineering, project management, and field services to support its products.
Powell Industries is committed to sustainability and environmental responsibility, with a focus on energy efficiency and reducing waste in both its operations and products. The company also has a strong commitment to safety and quality, with a dedicated team focused on ensuring the highest standards are met in all aspects of its business.
Powell Industries has manufacturing plants, engineering facilities, and service centers located across the United States, as well as in Canada, the United Kingdom, and the Middle East. The company has a global customer base and has a strong reputation for providing innovative and reliable solutions for its clients’ electrical needs.
What is special about the company?
Powell Industries is a leading provider of custom-engineered solutions for the management, control, and distribution of electrical energy and other critical processes. Their broad range of products and services includes switchgear, electrical control rooms, motor control centers, power distribution equipment, and more. What sets Powell Industries apart is their commitment to providing high-quality, innovative solutions that meet the specific needs of each customer. They have a strong reputation for exceptional engineering, technology, and service, making them a trusted partner for customers in various industries such as energy, industrial, and government. Additionally, Powell Industries is committed to environmental sustainability and their products meet rigorous standards for efficiency, safety, and reliability. They also have a strong focus on safety, both for their employees and their customers, and continuously strive to improve their processes and technology to ensure the utmost safety in their products.
What the company's business model?
The Powell Industries company's business model is focused on providing custom-engineered and manufactured solutions for the management, control, and distribution of electrical energy and other critical processes. This includes designing, building, and servicing systems and equipment such as switchgear, motor control centers, and control systems for industries such as oil and gas, power generation, and transportation. The company also offers maintenance, repair, and upgrade services for its products.
Interesting facts about the company
1. Powell Industries was founded in 1947 by brothers Dean and Bill Powell in Houston, Texas.
2. The company began as an electrical contracting firm, but quickly expanded into manufacturing electrical control systems for the oil and gas industry.
3. Powell Industries has been listed on the NASDAQ stock exchange since 1973 and is publicly traded under the ticker symbol POWL.
4. The company specializes in the design, engineering, and fabrication of custom electrical equipment for power generation, distribution, and control systems.
5. Powell Industries has a global reach, with over 2,000 employees and operations in over 40 countries.
6. In addition to its headquarters in Houston, the company has manufacturing facilities in Texas, Louisiana, and Ohio.
7. Powell Industries is known for its innovative and reliable products, and has been recognized with numerous industry awards and certifications.
8. The company has a long history of partnerships and collaborations with major energy companies, including ExxonMobil, Chevron, and Shell.
9. Despite its focus on the oil and gas industry, Powell Industries also provides products and services to other industries such as chemical, mining, and transportation.
10. In recent years, the company has expanded its offerings to include renewable energy solutions, such as solar power systems and energy storage systems.
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