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08-03-2012

Graham corporation secures $8 million in orders for petrochemical projects

Graham Corporation, a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear energy facilities, today announced that it has secured $8 million in orders that are expected to be delivered in the fourth quarter of Graham’s fiscal year 2013, which ends March 31, 2013. 

The steam surface condensers for the China-based project will be used in a plant that produces petroleum products from coal.  As the world’s largest producer and consumer of coal, China has embraced CTL technology.  The petrochemical project in the Middle East is for an ethylene facility.  Petrochemical projects have been advancing with the gradual improvement in the global economy. All five steam surface condensers will be built in Graham’s Batavia facility.

James R. Lines, Graham’s President and Chief Executive Officer, commented, “Our bidding activity has been very active for oil refining, oil sands upgrading, petrochemicals, and power generation, as well as renewable and nuclear energy projects.  As we see our pipeline of opportunities expand, it is very encouraging to have these projects, which have been in our pipeline for over a year, finally come to fruition." 

“For both project wins, Graham’s products, quality and track record of success were strongly preferred by the end user.  We believe that our strong brand continues to enable us to win orders and maintain our leading market share.” 

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