It has been a milestone year for Chester, Pa.-based Fisher Tank Company. One of the country's leading full-service welded steel tank manufacturers, the company has been marking its 60th anniversary with celebrations in Chester as well as in Lexington, S.C., and Cropwell, Ala., towns where Fisher Tank has a manufacturing facility and a sales office, respectively. The company designs, engineers, constructs, repairs and maintains carbon and welded stainless steel field-erected tanks for the petroleum, power, ethanol, water and wastewater, chemical and other industries. But, while being in business since 1948 is certainly an achievement worth noting, other accomplishments have taken the limelight from the 60th anniversary celebrations.
Despite the weak economy, the company has experienced one of its best years. The petroleum industry has remained strong through much of the year, driving steady work for Fisher Tank. And the company's work in the power industry has been growing, too. Unlike many large steel tank manufacturers, Fisher Tank is nimble and diverse enough to handle projects of any size - from a single 30,000 gallon tank to a 150,000 barrel tank to an entire tank farm. The company also provides turnkey projects that include site clearing and grading, foundations, cathodic protection, painting, linings, insulation and instrumentation.
The country's ethanol fuel production capacity has grown dramatically, reaching 7.5 billion gallons in 2007, a 40 percent increase over 2006. And U.S. ethanol production is predicted to increase to 13.3 billion gallons in 2008. One result has been a fast-growing need for ethanol storage tanks over the past few years, and Fisher Tank has seen this segment of its business grow.
Fisher Tank has grown geographically from an East Coast supplier of storage tanks to a company doing business throughout the continental United States and internationally, including work in Qatar on the Persian Gulf and in the Bahamas. And the number of its field crews has increased more than 40 percent since 2005.
In August, Inc. magazine named Fisher Tank to the Inc. 5000 list of America's fastest-growing private companies. The company ranked 2,222 based upon revenue growth of 165 percent from 2004 through 2007.