Tuesday, PMFG Inc. (PMFG) said it was awarded contracts for 3 Process Products projects and 2 Environmental Systems projects with a combined value of around $30.0 million. The company said it expects around $10 million of the related revenues to be recognized during the second half of fiscal 2010, with the remaining revenues recognized in future periods.
The Process Products orders are for the installation of separation/filtration equipment at 3 natural gas pipeline projects in China, South America, and Saudi Arabia. The Environmental Systems orders are for 2 domestic projects for the supply of Selective Catalytic Reduction or SCR Systems for installation on combustion turbines to provide peak electrical load service to the grid, the company stated.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.