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Stock Market & Financial Investment News

News Breaks
February 19, 2014
09:14 EDTPMFGPMFG, Inc. awarded over $7M in orders
PMFG, announced that its subsidiary company Peerless Europe has been awarded two contracts from an Italian EPC contractor for equipment to be installed in the Ourhoud field in Algeria. The equipment consists of a production separator for the separation of oil, water and gas, as well as our Skimovex water processing equipment. The project orders have a combined value of over $7M. The products will be installed in an oil refining facility within the next year.
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July 28, 2014
07:40 EDTPMFGPMFG, Inc. awarded $4.5M SCR systems order
PMFG, Inc. announced that it has been awarded a contract for multiple SCR systems to be installed on new fired heaters that are part of an olefins plant in Texas. The value of the award exceeds $4.5M. The project is scheduled for completion by late summer 2015. The two key olefins that are commonly produced are ethylene and propylene, which form the backbone of the petrochemicals market. Propylene, in particular, serves as the base for a number of products including plastics, automotive parts and synthetic fibers for clothing. Rising production of propane from U.S. shale formations are having a positive impact on the supply of propylene.

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