Tri-Tech Holding Awarded $2.02 Million Industrial Liquor Treatment Contract for a Pulp Mill in Canada
BEIJING, Feb. 6, 2013 /PRNewswire-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that its subsidiary, Tri-Tech Infrastructure LLC ("Tri-Tech U.S.") secured a $2.02 million contract to provide a replacement sulfite waste liquid evaporator vessel. Tri-Tech U.S. signed the agreement with AV Cell Inc. ("AV Cell"), a company located in Atholville, New Brunswick, Canada that produces softwood and hardwood pulp for its viscose staple fiber ("VSF") business. AV Cell is a subsidiary of Aditya Birla Group, the world's largest VSF producer.
Under the contract, Tri-Tech U.S. will provide a new evaporator body and accessories to replace an evaporator body from the original 1982 system for the magnesium based sulfite pulp mill operated by AV Cell. The new evaporator body will help to increase the pulp mill's bisulfite black liquor treatment efficiency, improve the evaporator system operation and production of sulfite liquor dry solids in order to restore pulp capacity. Tri-Tech U.S. will supply the equipment and related service for the project.
Tri-Tech U.S. expects to deliver the equipment by the end of August 2013 and complete the operational commissioning of the new equipment by the end of September 2013.
Mr. Jim Schwartz , General Manager of the J&Y Water Division of Tri-Tech U.S. said, "We were honored to again provide our solutions and technologies to AV Cell, one of our long standing and valued customers. We have maintained a long-term, trusted partnership with AV Cell for many years. In 1982, J&Y installed the original mechanical vapor compression spray film evaporator system ("MVC-SFE") for the pulp mill. In 2008, AV Cell had continued to expand pulp production and purchased additional evaporation equipment to expand their existing system. Due to the age of the original system, AV Cell needed to improve its evaporator system. We provided them the solution by replacing the less efficient original 1982 evaporator body with a new body and systems to ensure long-term production reliability. Tri-Tech U.S. anticipates that there may be more opportunities to work with AV Cell for future system upgrades."
Tri-Tech's international business president, Mr. Phil Fan , commented, "We are pleased with our success in the overseas industrial wastewater treatment market after our first zero liquid discharge unit contract for industrial wastewater treatment in Mexico last year. We will continue to implement our strategy of business development with our core of marketing industrial wastewater technical specialties in overseas markets, particularly markets in North America, Asia and the Middle East."
About AV Cell Inc.
The AV Cell Inc., one of the operations of AV Group which is a member of the pulp and fiber business of the Aditya Birla Group produces good quality softwood / hardwood pulp, a critical input for its VSF business. The pulp mill, whose entire production is exclusively for the AV Group's captive consumption, supplies 119,000 tons of dissolving grade chemical pulp to its VSF units in India, Thailand, Indonesia and China. For more information, please visit http://www.adityabirla.com/our_companies/joint_ventures/av_group.htm.
About Tri-Tech Holding Inc.
Tri-Tech is an innovative provider of consulting, engineering, procurement, construction and technical services. The Company supports government, state owned entities and commercial clients by providing efficiency oriented solutions focused on treatment of water and waste water, management of water resources and water-efficient irrigation, as well as industrial emission and safety controls. With 39 software copyrights, 11 product patents, and approximately 430 employees in China, the U.S. and India, Tri-Tech's capabilities span the cycle of innovation. Please visit www.tri-tech.cn for more information.
An online investor kit including a company profile, presentations, press releases, current price quotes, stock charts and other valuable information for investors is available at http://www.tri-tech.cn/ir. To subscribe to future releases via e-mail alert, visit http://www.tri-tech.cn/ir/info/request.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include references to the successful completion of and payment for the projects referenced herein and other statements concerning plans, objectives, goals, strategies, future events such as project payments, results of marketing efforts or performance, future government initiatives, expected actions by third parties and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE Tri-Tech Holding Inc.
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