Quality Industrial Corp. Overview
Pro stress-test →Quality Industrial Corp. (OTC: QIND) is a subsidiary of Nasdaq-listed Fusion Fuel Green PLC, operating through its subsidiary Al Shola Gas with a focus on liquefied petroleum gas (LPG) system design, installation, maintenance, and supply solutions serving approximately 40,000 clients. Fusion Fuel acquired a controlling stake in QIND on November 26, 2024, as part of its strategy to expand into complementary industrial and energy service markets.
Strategic Profile
Pro stress-test →The company serves commercial buildings, mixed-use apartment complexes, shopping centers, and heavy industries while pursuing acquisition and expansion in the Industrial, Oil and Gas, and Utility sectors. In fiscal year 2024, the company reported strong financial results with net income of $266,780, compared to a net loss of $4.2 million in 2023, demonstrating operational turnaround momentum.
Competitive Landscape
Pro stress-test →Al Shola Gas operates as a long-established LPG services provider founded in 1980, delivering design, installation, maintenance, and supply solutions with focus on safety and operational reliability. The company competes in the fragmented regional LPG distribution and industrial gas services market, where competition is primarily local and regional operators without major national consolidation.
Industry Context
Quality Industrial Corp. operates in LPG distribution and industrial gas services.
Key facts
Founded: 2022 (as Quality Industrial Corp.; Al Shola Gas founded 1980) · Headquarters: San Francisco, California · Employees: 126 · Revenue: Approximately $11M+ (2023) with Al Shola Gas achieving 31.1% YoY growth in 2024 · Market cap: $1.1M