27.3.2003: Meldung: Ceco Environmental: New Contracts
The first, with a value of approximately $2.75 million, is for the design, fabrication, and installation of a complete ventilation and pollution control system which will ensure clean air in the plant and provide required pollution control for a new foundry on a greenfield site in Central Mexico.
The second contract, awarded to CECO"s newest subsidiary, CECO Abatement, is for the design, fabrication, and installation of a regenerative thermal oxidizer for the control of VOC"s (Volatile Organic Compound"s) generated from a rubber manufacturing facility in the Midwestern United States. This contract is valued in excess of $1.6 million.
The third contract, valued at approximately $875,000, is for a ventilation system for a Midwestern Steel Mill.
The fourth contact, valued at over $500,000, is for a dust control system for the coal handling operation of a major Midwestern Utility.
Phillip DeZwirek, Chairman of CECO Environmental Corp., stated, "we are pleased to announce these new contracts. In this difficult business environment, it is gratifying to know that CECO is able to provide cost effective solutions to our customers" environmental and ventilation problems. We are especially pleased to have secured the contract in Mexico. We feel that this market contains many opportunities for CECO to demonstrate its expertise." DeZwirek further stated that, "CECO"s recently announced overhead reduction program combined with our significant decrease in long term debt should produce a profitable fiscal year 2003 for CECO."
ABOUT CECO ENVIRONMENTAL:
CECO Environmental Corp. is North America"s largest independent air pollution control company. Through its five subsidiaries -- Busch Company, CECO Filters, CECO Abatement Systems, kbd/ Technic and Kirk & Blum -- CECO provides a wide spectrum of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems. CECO is a full-service provider to the steel, military, aluminum, automotive, aerospace, semiconductor, chemical, cement, metalworking, glass, foundry and virtually all-industrial process industries.
For more information on CECO Environmental Corp., please visit the company"s web site at http:// www.cecoenviro.com/.
Phillip DeZwirek, CECO Environmental Corp.