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GHM equipment to raise ethylene capacity of Middle East & Asia
29 Mar '06
2 min read
Vacuum & heat transfer equipment designer Graham Corporation (GHM) announced that it has been awarded multiple surface condenser contracts valued at approximately $2.4 million by a Japanese turbo machinery manufacturer.
The equipment will be installed in a Middle Eastern ethylene plant and in three Asian crude oil refining plants. Revenue for these contracts will be recognized on a percentage-of-completion basis, and shipments are presently scheduled for the latter half of fiscal year 2007, which ends March 31, 2007.
William C Johnson, President and CEO, commented, "We continue to see strong demand for our products from the petrochemical processing sector, particularly in the Middle East and Asia."
"As a result of higher consumption of consumer products, which are manufactured with ethylene and petrochemical by-products, ethylene capacity is expected to double in these regions over the next ten years to keep pace.”
“Graham's reputation for outstanding engineering design and quality products gives us a leading competitive edge in bidding on, and ultimately winning, these projects. The expansion of our engineering capacity through new hires, outsourcing and the addition of sales and engineering staff in China are enabling us to take on more projects from this region.”
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers.
Batavia based Graham equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, drugs, heating, ventilating and air conditioning.
The equipment will be installed in a Middle Eastern ethylene plant and in three Asian crude oil refining plants. Revenue for these contracts will be recognized on a percentage-of-completion basis, and shipments are presently scheduled for the latter half of fiscal year 2007, which ends March 31, 2007.
William C Johnson, President and CEO, commented, "We continue to see strong demand for our products from the petrochemical processing sector, particularly in the Middle East and Asia."
"As a result of higher consumption of consumer products, which are manufactured with ethylene and petrochemical by-products, ethylene capacity is expected to double in these regions over the next ten years to keep pace.”
“Graham's reputation for outstanding engineering design and quality products gives us a leading competitive edge in bidding on, and ultimately winning, these projects. The expansion of our engineering capacity through new hires, outsourcing and the addition of sales and engineering staff in China are enabling us to take on more projects from this region.”
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers.
Batavia based Graham equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, drugs, heating, ventilating and air conditioning.
Graham Corporation
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