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Comment Business & Economics

Graham Corp. announces three orders for petroleum refining expansion

By Scott Jenkins |

Graham Corp. (Batavia, N.Y.; www.graham-mfg.com), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, yesterday announced that it secured $19 million in orders for three international projects in its crude oil refining market.  Two projects are in Asia and one is in Latin America.

The first Asia project is an expansion and modernization project at a Southeast Asia refiner for the production of cleaner transportation fuels.  The other Asia project is for new capacity in the China crude oil refining market.  The third project is for a Latin America refiner and involves replacing equipment that Graham originally supplied in the mid-1970s.  Most of the revenue associated with each of these projects will be recognized in fiscal 2021, with minimal impact in fiscal 2020.

Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries.  Energy markets include oil refining, cogeneration, and alternative power. 

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