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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.
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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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