MagneGas Corporation, the clean technology company, will be opening a new industrial gas and welding supply location to serve the northern Tampa and Pasco County markets in Florida.
The company is continuing to see rapid expansion in the Southeast, with this being the 10th location owned and operated by MagneGas across Florida, Louisiana, Texas and California.
“We are excited to launch yet another new location to serve our growing customer base,” commented Ermanno Santilli, CEO of MagneGas. “Our sales team has done an excellent job winning market share in Pascoe County and northern Tampa, using MagneGas2® to open doors and establish new relationships. In addition, this move will make it possible to quickly expand several of our largest client relationships, as they have sizable operations further north along the Gulf Coast that will be better served through our expansion.”
“This new branch is a good example of how we are able to grow quickly and profitably,” commented Scott Mahoney, CFO of MagneGas. “We set a sales budget for this market at the end of 2017, with a plan to build a client base, and then add a location by the end of the second quarter. We have witnessed excellent sales growth results in this market, and we are almost a full 90 days ahead of plan. We are now able to quickly launch this location, knowing that it will be profitable from the first day we open our doors in Pasco County.”