CECO Environmental Announces Chinese Sales Alliance With Rehne Environmental
CINCINNATI, March 19, 2014 /PRNewswire/ -- CECO Environmental Corp. (NasdaqGM:CECE), a leading global environmental technology company focused on critical solutions in the air pollution control (APC), energy and fluid handling and filtration industries, today announced that a Sales Cooperation Agreement has been formalized between CECO Environmental and Jiangsu Renhe Environmental Equipments Company, Ltd. ("Renhe"). The two companies will focus on bringing expanded air pollution control technology solutions to the growing China market by leveraging each other's extensive product portfolio, fabrication base and sales channels.
Renhe focuses on dust collector and filter cartridge technology products with sales locations in Shanghai, Guangzhou, Xi'an and Ha'erbin City. Renhe Environmental is well known across multiple industries in China as a key provider of air pollution control products. The target areas for this partnership will include critical applications across a variety of industrial markets, such as general industry, metals, petrochemical, chemical, plastics, and cement, and will include CECO`s FisherKlosterman Cyclones, Dual Scrubbers, CECO Filtration and Flex-Kleen Dust Collection Technologies.
"We continue to see the Chinese government and its EPA Ministry expand and tighten their air pollution regulations," said Jeff Lang, Chief Executive Officer of CECO. "This has created a strong market opportunity for CECO's expansive range of technologies and products and China is a critical part of our growth strategy. Developing sales alliances and relationships with companies like Renhe Environmental is a great example of our strategic initiative in the region, and we are glad to work with such quality partners. We will continue to look for ways to further penetrate the domestic market in China as part of our multifaceted growth strategy."
More information about Renhe Environmental can be found at the company website: http://www.rhfilter.com.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global environmental technology company focused on critical solutions in the product recovery, air pollution control, fluid handling and filtration segments. Through its well-known brands, CECO provides a wide spectrum of products and services including dampers & diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment and plant engineered services and engineered design build fabrication. These products play a vital role in helping companies achieve exacting production standards, meeting increasing plant needs and stringent emissions control regulations around the globe. CECO globally serves the broadest range of markets and industries including power, municipalities, chemical, industrial manufacturing, refining, petrochemical, metals, minerals & mining, hospitals and universities. CECO is focused on building long-term shareholder value by bringing its unique technology, portfolio and operational excellence to strategic key growth markets around the world, while maintaining the highest standards of employee development, project execution and safety leadership. CECO is listed on NASDAQ under the ticker symbol "CECE" and is a member company of the Russell 2000 Index. For more information on CECO Environmental, please visit the company's website at http://www.cecoenviro.com.
Jeff Lang, Chief Executive Officer
The Blueshirt Group
Phone: (415) 489-2198
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in CECO's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operates. Should one or more of these risks or uncertainties materialize, or should the assumption prove incorrect, actual results may vary in material aspects from those currently anticipated.
SOURCE CECO Environmental Corp.