CECO Environmental Corp.
) recently declared that it has formalized a Sales Cooperation
Agreement with China-based Jiangsu Renhe Environmental Equipments
Company, Ltd. for developing advanced technologies to control air
pollution in China.
The tie-up between the two companies is expected to leverage
the development of core solutions for diverse sectors including
general, metals, petrochemical, chemical, plastics and cement
CECO is a leading global provider of air pollution control
technology. Its key technological solutions like FisherKlosterman
Cyclones, Dual Scrubbers, Filtration and Flex-Kleen Dust
Collection solutions will complement Jiangsu Renhe's dust
collection and filter cartridge technologies and provide better
solutions for controlling air pollution in China.
Air pollution control and industrial ventilation products
command a multi-billion dollar market, which is still witnessing
rapid growth. The rising demand for clean air and water as well
as an environment free of industrial pollutants are the primary
factors behind this booming industry.
Nowadays, an increasing number of businesses are focusing on
environmental protection since environment-related regulations
have become mandatory in the U.S. as well as worldwide. Notably,
government regulations for controlling air pollution in China
will likely be more stringent.
CECO ENVIRNMNTL (CECE): Free Stock Analysis
PERKINELMER INC (PKI): Free Stock Analysis
RENTECH INC (RTK): Free Stock Analysis Report
SHARPS COMPLIAN (SMED): Free Stock Analysis
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The aforementioned alliance will strengthen CECO's presence in
China and open further growth avenues as well. At present, the
company is focused on increasing its market share by entering
such alliances and integrating acquisitions across diverse areas
of pollution control solutions.
CECO has a Zacks Rank #3 (Hold). Other players in the same
sector, which look attractive at present, include
Sharps Compliance Corp
). While PerkinElmer sports a Zacks Rank #1 (Strong Buy), both
Sharps Compliance and Rentech have a Zacks Rank #2 (Buy).