14-08-2014

Graham Corporation awarded $5M in orders from US refiner

Graham Corporation, a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear energy facilities, announced today that it has been awarded two new orders totaling approximately $5 million. One order is for a new Graham ejector system at a U.S. oil refinery. The second order is to replace existing Graham surface condensers at a Middle East liquefied natural gas (LNG) facility. Both orders are expected to ship within nine to twelve months.

The domestic oil refiner is expanding its processing capabilities to increase the production of ultra-low-sulfur diesel, which requires a new ejector system. The Middle East liquefied natural gas facility order will upgrade existing Graham surface condensers following 40+ years of service.

James R. Lines, Graham's President and Chief Executive Officer, commented, "The past few quarters have been marked with stronger bidding activity in our global refining market, including the Middle East, Asia, South America and North America. This is especially encouraging in North America, given the strength of our brand in the domestic market."

Mr. Lines added, "I believe that the surface condenser order is a clear demonstration of the value of our large installed base. We will replace surface condensers that were sold to the same customer over 40 years ago for an LNG facility. Unfortunately, our equipment is not required typically in today's LNG facilities due to plant sizes and processing configurations. Nevertheless, we continue to seek out opportunities around the world where customers value our engineering expertise and ability to provide high quality, reliable, engineered-to-order solutions."