News Archive

Graham Corporation Receives $3.4 million Ejector System Order

Graham Corporation, a manufacturer of critical equipment for the oil refinery, petrochemical and power industries, today announced that it has been awarded a $3.4 million ejector system order for an oil refinery in China.

The ejector system will be installed at an oil refinery in Hunan Province, China, and is expected to be shipped in the first quarter of fiscal 2011, which ends June 30, 2010. Equipment for this order will be built both in Graham’s Batavia, New York facility and by a local fabricator in China. Local manufacture in China of certain components is required by the end user. Graham received this order earlier this month, at the start of the Company’s fiscal 2010 second quarter, and it is therefore not included in the order activity reported for the Company’s first quarter that was separately announced today.

James R. Lines, Graham’s President and Chief Executive Officer, commented, “This order will represent Graham’s seventh ejector system installation in China over the past three years and is testament both to the global strength of our brand and to the inroads we have made in the Chinese market through our Suzhou-based subsidiary. We see tremendous future opportunity to expand our business in China as that country continues to invest in new oil refining and petrochemical production capacity.”


For questions or comments, please contact KEI Advisors, LLC