Graham Corp. Appoints Robert A. Platt, PE, as Vice President of Sales
•Ethylene production facility in Asia requires two surface condensers
•Vacuum system and steam surface condenser to be designed and built for a U.S. oil refinery and a U.S. biomass power plant, respectively
•New officer position of Vice President of Sales to support growth efforts established
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE Amex: GHM), a global designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, including the supply of components and raw materials to nuclear power plants, today announced that it has been awarded three new orders with a combined value of $4.3 million. All three orders are expected to ship in the fiscal year ending March 31, 2013.
An order for an ethylene production facility in Asia, which is expanding production capacity, requires two of Graham's custom-engineered surface condensers. These condensers are currently planned for shipment in the third quarter of fiscal 2013, which ends December 2012.
The additional two orders are for U.S. installations. A Graham vacuum ejector system will be installed in an oil refinery that is being revamped to expand its capacity and provide the capability of processing Bakken crude oil from North Dakota shale formations. It is expected to be shipped in the first quarter of fiscal 2013, which ends June 2012. Finally, Graham will supply a steam surface condenser in the second quarter of fiscal 2013, which ends September 2012, for a 40 MW biomass power plant. This is the seventh biomass power project order Graham has secured over the last year.
James R. Lines, Graham's President and Chief Executive Officer, commented, "Our global pipeline of opportunities continues to improve in quality, with order development and margins improving over the last nine months compared with the year-ago period. We believe that these wins are among the signals which indicate to us that our markets, as a whole, are improving. Petrochemical markets are expanding in Asia and, in the U.S., there is renewed activity in the refining markets along with continued advancement of alternative energy projects. Moreover, we have identified significant opportunities at existing nuclear power facilities, as well as new build nuclear power facilities that are currently under construction."
Robert A. Platt, PE, Appointed Vice President of Sales
Graham announced that Robert A. Platt, PE, was appointed Vice President of Sales, effective October 27, 2011. Mr. Platt brings to Graham significant industry experience in sales and general management. Prior to joining Graham, Mr. Platt was most recently President of API Basco, a heat transfer company. Previously, he has held leadership positions at Maag Systems, Carver Pump Company, Ingersoll Dresser Pumps and Bornemann Pumps. A registered professional engineer, he earned his undergraduate and master's degrees in mechanical engineering from the Stevens Institute of Technology.
Mr. Lines noted, "We are pleased to add Bob and his extensive experience to our team as we continue to expand our addressable opportunities in the markets we serve while we also increase our market penetration in various geographic regions and industries to broaden our diversification. We believe that well beyond the current market improvement, Graham can expand its presence and reach further into the energy markets we serve. We are building our team to achieve that goal."
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For 75 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham's equipment are energy, including oil and gas refining and nuclear and other power generation, chemical/petrochemical and other process industries. In addition, Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, shipbuilding, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning, and in nuclear power installations, both inside the reactor vessel and outside the containment vessel.
Graham Corporation's subsidiary Energy Steel & Supply Co. is a leading code fabrication and specialty machining company dedicated exclusively to the nuclear power industry.
Graham Corporation's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.