Graham Corp. has received two new orders for refining industry installations in the US Gulf Coast, totaling approximately US$6.4 million.
One of the orders involves replacing another supplier’s equipment that was at the end of its operating life. Graham won the order by offering improved designs that will reduce equipment size, lower installation costs and improve operating performance. Equipment delivery is scheduled for 3Q19.
The other order came as the result of a customer performance improvement initiative to increase recovery of higher valued products during the refining process. The order comprises a revamp of Graham’s original system, which was supplied in the mid-1970s. Equipment delivery is scheduled for the 1Q19.
James R. Lines, Graham’s President and CEO, commented, “We have been focused on the installed base in the North America refining market. We expect that capital spending evidencing a recovery will occur in this market first, and will involve both refinery performance improvement projects and replacement equipment. Performance improvement projects can have opportunity value for our equipment comparable with new capacity investment.”
He continued, “We have followed both of these projects for some time, working closely with each refiner’s process engineering group. We believe that our consultative selling model continues to create value for the refining market as well as for Graham.”