Green Markets: Ceco Receives $5.5 Mil Order
July 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Ceco Environmental Corp. (NASDAQ: CECE), a provider of air pollution control and industrial ventilation systems, said that it has received a new order valued at approximately $5.5 million. Jeff Lang, the firm’s CEO, said, "This is a significant order for our company and comes from a customer in the refining industry.”
Lang also said that, together with other orders Ceco received in the first two weeks of July, the firm have already booked in excess of $8.2 million for the month.
Lang added that Ceco had recently implemented a facility consolidation plan meant to eliminate excess capacity, better integrate its manufacturing platforms and enhance Ceco’s competitive advantage and service. He said that the company expects this process to be completed in the fourth quarter of 2010, and that it will, “…significantly improve our operational efficiency and overall profitability."
Ohio-based Ceco Environmental provides a range of air quality services and products including: industrial air filters, environmental maintenance, monitoring and management services, and air quality improvements systems.
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