China Energy Recovery
China Energy Recovery is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market.
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China Energy Recovery wins US$1.42 mln systems deal
China Energy Recovery Inc (OTCBB: CGYV) said it won a US$1.42 million contract to design and manufacture two waste heat recovery systems for Chinese fertiliser company Hubei Yangfeng Group.
The systems for Yangfeng Group are designed to generate 120 tons of steam per hour. This is equivalent to nearly 24 MegaWatts of heat energy generation capacity and will enable Yangfeng to reduce the cost of purchasing steam from outside sources needed to support the facility operations.
China Energy Recovery chairman and CEO Qinghuan Wu said: “Since March, we have seen an upward trend of inquiries regarding our systems and services and more industrial companies in the segments we are focusing on have started or plan to start new bidding campaigns or resume previously suspended ones for their facility expansions. ... we expect this upward trend will bring us a stronger order flow in the second half of this year and thus ensure an enhanced growth in 2010."
Other China Energy Recovery news
- China Energy Recovery completes US$1.42m contract for Hubei Yangfeng Group
2009-10-14 - China Energy Recovery names Estelle Lau independent director
2009-10-07 - China Energy Recovery wins heat receovery system contract from Hubei Sanning
2009-09-24 - China Energy Recovery wins US$4.47m sulfuric acid plant order in Tianjin
2009-09-09 - China Energy Recovery agrees major terms for site of new manufacturing plant
2009-08-27
