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 further heat recovery system deal
China Energy Recovery Inc (OTCBB: CGYV) said it won a US$1.76 million contract to design and manufacture a waste heat recovery system for Dongsheng Chemical, a privately-held chemical fertilizer company in Hubei province in central China.
The deal follows a US$1.42 million contract announced on April 7 for supplying similar systems to Dongsheng peer Yangfeng Group in the same province.
Chairman and CEO Qinghuan Wu said: “Though there are still challenges as the result of economic downturns in China and globally, viewing these new contracts on an annual basis, it is anticipated the year of 2009 will continue to provide growth and we expect that growth will be carried well into 2010 and beyond."
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
