|PRINT | CLOSE WINDOW|
Graham Corp. has been awarded $5 million in new orders, the Batavia firm said Thursday.
The orders span two key markets within the Genesee County company's targeted energy industry: oil refining and nuclear energy, the company said.
The first order, for the nuclear energy market in China, calls for ejector systems to be built in Batavia. It is the first time a nuclear order will be made in Batavia since Graham acquired Michigan-based Energy Steel & Supply Co., a company that specializes in the nuclear market, in late 2010.
Company leaders expect more orders from the nuclear market to be produced in Batavia to supplement the firm’s capabilities at Energy Steel, officials said
The ejector systems will be installed at four Chinese nuclear energy facilities under construction.
The second order is for an ejector system with liquid ring vacuum pumps to be installed in an existing Chinese oil refinery to nearly double its capacity as demand for transportation fuels in China grows. The work will be done in Batavia and China.
Both orders have planned delivery schedules within the current fiscal year, which ends March 31, 2013.
"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,” said James Lines, president and CEO, in a statement. “Of significance is our entrance into the nuclear energy industry in China, which is expected to expand significantly over the next 10 years.”
Graham is slated to release its fourth-quarter financial results Friday.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail firstname.lastname@example.org.