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Stock Market & Financial Investment News

News Breaks
October 19, 2012
09:36 EDTPMFGPMFG awarded process products equipment orders with combined $3.3M value
PMFG, Inc. announced it was awarded two new orders for two oil production projects with a combined value of approximately $3.3M. The equipment for both orders is part of the company's Pressure Products offering. Both Projects have a completion date in Q2 of FY14. The Pressure Products orders are for the installation of three High Pressure Steam Separators at two major Steam Assisted Gravity Drainage, or SAGD, sites located in Alberta, Canada. SAGD is an enhanced oil recovery technology for producing heavy crude oil and bitumen.
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June 12, 2013
09:07 EDTPMFGPMFG, Inc. awarded $12.6M environmental systems order
PMFG, Inc. announced that it has been awarded a contract with a value of approximately $12.6M for a selective catalytic reduction, or SCR, system. The system consists of all the pollution control equipment, exhaust ducting and associated equipment. The SCR System will be used on a Methanol unit at a chemical plant in Texas. Methanol is a key feedstock in making numerous other chemicals. With a scheduled delivery date in the second half of calendar year 2014, revenue will be recognized across FY13-FY15, with the majority of the revenue in FY14.

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