Graham Corp. (GHM) said it was awarded 3 orders in excess of $9 million and the orders are for custom-engineered ejector systems to be installed at new refineries in the Middle East and China and equipment for an existing refinery in the United States.
The company added that the new Middle East and Chinese refineries will have capacities of 400,000 and 200,000 barrels per day, respectively, while the U.S. refinery is being revamped to improve operating costs and reduce environmental impact. The equipment for the U.S. refinery and a portion of the international orders are expected to be engineered and manufactured in Graham's Batavia, New York, facility.
The shipment of the orders announced are projected to occur in Graham's fiscal 2011 third and fourth quarters, with the majority of the revenue expected to be recognized during the same quarters.
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