CINCINNATI, July 30, 2015 /PRNewswire/ -- CECO Environmental Corp. (NasdaqGM: CECE), a leading global environmental, energy and fluid handling technology company, announced today that its Emtrol-Buell subsidiary recently received a new order totaling $14.5 million. This order is being supplied to a major US oil company for their refinery in the Texas gulf coast and consists of cyclones and related equipment for a large FCC reactor and regenerator, as well as vessels and vessel heads, all being fabricated in the US and Canada. The order is expected to ship in the first half of 2016.
"I am pleased by this significant new business award as it demonstrates that we have successfully integrated Emtrol-Buell into the CECO organization and that our Sales Excellence initiative is having a positive impact," said Jeff Lang, President and Chief Executive Officer of CECO. "Through the combination of Emtrol-Buell division late last year, we gained the size and scale necessary to be a comprehensive supplier of cyclone systems around the globe and this win is a perfect example of our strong position in the refinery industry. Emtrol-Buell is evolving as the leading global refinery cyclone provider with superior high performance technology, project engineering excellence and application expertise. The global petrochemical and refining sector remains a robust market for CECO and we will continue to look for ways to leverage our position in this sector through our OneCECO initiative."
ABOUT CECO ENVIRONMENTAL
CECO Environmental Corp. is a leading global environmental, energy and fluid handling technology company. 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
Ed Prajzner, Chief Financial 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.