Graham Corp (GHM) Receives $4.3M in New Orders, Appoints New Sales VP
Tweet
Share
E-mailGet Alerts GHM Hot Sheet
Join SI Premium – FREE
Graham Corporation (AMEX: GHM), 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.
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.
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Yum! Brands adds former HanesBrands CEO to its board
- Home Depot expands executive roles, grants $500K in restricted stock
Create E-mail Alert Related Categories
Corporate News, Management ChangesRelated Entities
Bakken Formation, Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
