CECO Environmental Announces New Orders Totaling $6.8 Million
CINCINNATI, June 20, 2012 /PRNewswire/ -- CECO Environmental Corp. (NasdaqGM: CECE), a leading global provider of air pollution control technology and systems, announced today that it has received several new orders totaling $6.8 million.
These new orders came from refinery and power customers in China as well as steel and power customers in the U.S. for regenerative thermal oxidizers, multistage cyclones and damper diverters.
Jeff Lang, CECO's Chief Executive Officer, commented, "We are very pleased with the increased activity from new and existing customers throughout the world. In particular, we are seeing increased demand from natural gas customers both in the U.S. and international markets. The global demand is improving, which we expect to continue improving our operating results and returns to our shareholders."
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global provider of air pollution control technology. Through its subsidiaries – Busch International, CECO Filters, CECO Abatement Systems, Kirk & Blum, Effox-Flextor, Fisher-Klosterman/Buell, CECO China and A.V.C. Specialists – CECO provides a wide spectrum of air quality products and services including engineered equipment, cyclones, scrubbers, dampers, diverters, RTO's, component parts and monitoring and management services. Industries served include refining, petro-chemical, power, aluminum, steel, automotive, chemical and large industrial processes. Revenue from engineered equipment technology is approximately 75% and 25% from parts, services and aftermarket. Global Growth, Operational Excellence, Margin Expansion, Safety, and Employee Development are CECO's core competencies and long term objectives.
For more information on CECO Environmental, please visit the company's website at http://www.cecoenviro.com.
Jeff Lang, CECO Environmental Corp.
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.