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Stock Market & Financial Investment News

News Breaks
February 4, 2013
08:42 EDTPMFGPMFG, Inc. awarded three new environment orders with a total value of $7.5M
PMFG, Inc. announced that it has been awarded contracts with a combined value of approximately $7.5M for Selective Catalytic Reduction systems for three natural gas-fired power plants located in the United States. The first order is for the design and supply of three SCR systems to be installed at a new 1300-megawatt domestic, combined-cycle power-generation plant being built in the central Atlantic region of the United States. The equipment is scheduled to be delivered in the spring of 2014, with catalyst delivery in mid-year 2015. The second and third orders are aftermarket sales of SCR equipment, including new catalysts at a combined-cycle power plant in Texas and a simple-cycle catalyst in Southern California. Both of these aftermarket projects are scheduled to be delivered mid-summer of 2013.
News For PMFG From The Last 14 Days
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March 31, 2015
18:06 EDTPMFGKoch Heat Transfer acquires certain brands from Pearless
Koch Heat Transfer has purchased the Alco, Alco-Twin, and Bos-Hatten brands of heat exchangers from Peerless. PMFG is the parent company of Peerless, and Koch Heat Transfer is a subsidiary of Koch Chemical Technology Group.This acquisition will allow Koch Heat Transfer to expand into additional markets while continuing to leverage a dedicated team of aftermarket specialists to supply service to the current customer base. Financial details are not being disclosed.

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