Graham Corp. announces new contracts totaling $16 million
Batavia-based Graham Corp. today announced more than $16 million in new contracts.
Graham manufactures equipment critical oil refineries and the petrochemical industry. The new contracts are for two refineries in the Middle East and a fertilizer project in Asia.
James R. Lines, Graham`s President and Chief Executive Officer, commented, "It is encouraging to see increased purchasing activity in our international markets, particularly in Asia and the Middle East, where we expected the recovery from the global recession to begin. We are also seeing renewed quoting activity in South America. However, we do not believe our markets are in full recovery, and we continue to expect non-uniform order levels for several more quarters."
Less than a month ago, Graham laid off 15 local workers.