31.10.2002: Meldung: CECO Environmental Corp. Receives Record Order
Wednesday October 30, 11:27 am ET
NEW YORK, Oct. 30 - CECO Environmental Corp. (Nasdaq: CECE - News) reported today that its wholly owned subsidiary Kirk & Blum has received an order in excess of $7,000,000 from a major automobile manufacturer to design, fabricate and install coolant mist collection systems for a facility located in the Southeastern United States.
The mist collection equipment will utilize the fiber bed technology of CECO Environmental"s subsidiary, CECO Filters, Rick Blum, CECO Environmental"s president stated, "To our knowledge, this is one of the largest if not the largest turnkey contract ever secured in which fiber bed technology was utilized for coolant mist collection. Kirk & Blum and CECO Filters, working together, are providing our customer the best possible solution on a turnkey basis, to the mist collection problem."
CECO stated that this is the largest single order ever received by Kirk & Blum in its 95-year corporate history. CECO currently has a backlog of approximated $20 Million and with its recently announced new corporate efficiency and debt reduction programs is operating at a rate of profitability"s not seen in several years.
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, high performance filter fabrics, environmental maintenance, monitoring and management services, and air quality improvements systems. With over $90-million in annual revenue, 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 please visit the company"s website at http://www.cecoenviro.com /.
Phillip DeZwirek, CECO Environmental Corp.
Source: CECO Environmental Corp.