CECO Environmental Corp
) won several new orders across the world worth $19 million.
These new orders came in primarily from natural gas, power
generation, automotive, food, oil refinery and wind turbine
customers located in the U.S., Europe, Canada and Asia.
These orders came shortly after CECO Environmental completed
the important acquisition of Met-Pro, a niche-oriented provider
of product recovery, pollution control, fluid handling and
filtration solutions across multiple diversified end-markets.
In Jun 2013, CECO had received bulk orders of similar kind
worth $15 million. These orders came shortly after CECO
Environmental completed the important acquisition of Aarding
Thermal Acoustics B.V., one of the global leaders in natural gas
turbine exhaust systems and silencer applications.
The air pollution control and industrial ventilation products
enjoy a multi-billion dollar market and is still growing at a
rapid pace. The demand for clean air and water and an environment
that is free of industrial pollutants further help in the growth
of these products. More and more businesses are paying serious
attention to environmental protection given the increasing
requirement of complying with stringent environmental regulations
becoming mandatory both in the U.S. and globally.
Therefore, given this increasing need for environmental
compliance, CECO Environmental has been capturing the market
share with strategic acquisitions across diverse areas of
pollution control solutions.
CECO Environmental is a leading provider of air pollution
control technology globally. Currently, the company has a Zacks
Rank #3 (Hold). Other stocks in the industry that are worth
considering at the moment are
Progressive Waste Solutions Ltd
Sharps Compliance Corp
). All three carry a Zacks Rank #2 (Hold).
PROGRESSV WASTE (BIN): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
PERKINELMER INC (PKI): Free Stock Analysis
SHARPS COMPLIAN (SMED): Free Stock Analysis
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