Northern Technologies International Corporation
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Gautam Ramdas
- Full Time Employees
- 271
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- Address
- 4201 Woodland Road Circle Pines MN United States of America 55014
- IPO Date
- Mar 27, 1992
- CIK
- 0000875582
- Website
- ntic.com
- Similar Companies
- Business
- Northern Technologies International Corporation (NTIC) develops, manufactures, and markets corrosion management solutions and environmentally beneficial material science products. Its core products include ZERUST® corrosion solutions comprising packaging films, liquids, coatings, rust removers, and diffusers aimed at preventing metal corrosion during storage, shipping, and processing; ZERUST® Integrity Solutions for asset preservation primarily in oil, gas, and heavy industry sectors; and Natur-Tec®, a line of bio-based, biodegradable, and compostable polymer resin compounds designed to replace petroleum-based plastics in packaging and industrial applications. NTIC serves diverse industries such as automotive, electronics, oil and gas, heavy equipment, and metalworking with a global footprint including significant operations in the United States, Brazil, and Europe, notably through its subsidiary Zerust Brazil and the acquisition of full control over German JV partner Excor GmbH. Founded in 1980 and headquartered in Minneapolis, Minnesota, NTIC leverages decades of expertise in corrosion inhibition and sustainable materials innovation. Recent major changes include securing a multi-year offshore oil and gas asset preservation contract in Brazil in 2025, reflecting an expansion of its ZERUST® Integrity Solutions business. The company also continues to grow its Natur-Tec® business unit with increased sales and technological development focused on biodegradable plastics, reflecting a strategic shift towards sustainability and diversification beyond traditional corrosion prevention. NTIC reported record fiscal sales in 2024, driven by growth in its bio-based plastics segment and ongoing consolidation of its joint ventures, aligning with global environmental trends and customer demand for greener manufacturing solutions. It has recently adjusted its dividend policy to focus on debt reduction and expects improved performance in oil and gas corrosion solutions into fiscal 2026. NTIC operates primarily in the corrosion inhibitors and removers market, environmentally beneficial materials science, and compostable resins and plastics sector, offering both industrial and consumer-facing solutions. The company targets manufacturer and industrial end-users requiring corrosion protection and sustainable packaging, with strategic alliances and investments enhancing its global market reach. NTIC's product innovation centers on reducing environmental impact via recyclable and remanufacturable materials while maintaining corrosion protection efficacy. Its comprehensive portfolio and recent operational enhancements position it to capture growth in mature industrial segments and emerging sustainable materials markets.
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