Graham Corporation, a global 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 been awarded USD 5 million in new orders.
The orders awarded to Graham span two key markets within the company’s targeted energy industry: oil refining and nuclear energy.
Graham’s first win in the nuclear energy market in China is for ejector systems to be built in Graham’s Batavia operation. The ejector systems will be installed at four Chinese nuclear energy facilities currently under construction. The second order is for an ejector system with liquid ring vacuum pumps that will be installed in an existing Chinese oil refinery to nearly double its capacity as demand for transportation fuels in China continues to grow. Both orders have planned delivery schedules within the current fiscal year, which ends March 31, 2013.
James R. Lines, Graham’s President and Chief Executive Officer, commented, “We have successfully secured our third order within the past two months for oil refining capacity investments in China, marking what we believe is a continued high level of confidence in our brand. Of significance is our entrance into the nuclear energy industry in China, which is expected to expand significantly over the next ten years.”
