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Graham inks contracts worth $34M

Graham Corp. has been awarded more than $34 million in contracts, the Batavia firm announced Friday.

The first is an order in excess of $25 million from Northrop Grumman Shipbuilding, a sector of Northrop Grumman Corp., for the supply of four steam surface condensers for the second aircraft carrier of the Gerald R. Ford class, the unnamed CVN 79.

Three additional orders in excess of $9 million were for custom-engineered ejector systems to be installed at new oil refineries in the Middle East and China and equipment for an existing refinery in the United States.

The new Middle East and Chinese refineries will have capacities of 400,000 and 200,000 barrels a day, respectively, while the U.S. refinery is being revamped to improve operating costs and reduce environmental impact, Graham said. The equipment for the U.S. refinery and a portion of the international orders are expected to be engineered and manufactured in Batavia.

“The Chinese government’s stimulus package is supporting construction of new refineries and allowing us to continue to expand our installations of refinery ejector systems,” said James Lines, Graham president and CEO, in a statement. “We believe our proven capabilities, including the successful startup and operation of recently delivered ejector systems in China, along with our value-based sales model, puts Graham in an excellent position to win additional orders for the expanding Chinese refining market.”

Lines noted the company has been successful pursuing opportunities associated with the massive refinery projects moving forward in the Middle East.

(c) 2009 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.

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