Franklin Electric Co Inc - Company Profile
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Franklin Electric Co Inc (Franklin Electric) designs, produces, and markets water and fuel pumping systems. The improved performance of the water system, increased market presence, and focus on R&D are the company’s major strengths, even as an increase in debt remains a cause for concern. The launch of INCON, increase in global demand for oil and positive outlook for construction industry in the US could provide growth opportunities to the company. However, stiff competition, rapidly changing technology, increasing manpower costs in the US and raw material procurement risks could affect its operations.
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