GLV awarded pulp and paper contracts worth C$8.4 million
Sep 29, 2009. GLV Inc. has been awarded new major contracts worth a total of close to C$39 million, of which C $30.3 million for the Water Treatment Group (Eimco Water Technologies) and C$8.4 million for the Pulp and Paper Group.
Sep 29, 2009. /Lesprom Network/. GLV Inc. has been awarded new major contracts worth a total of close to C$39 million, of which C$30.3 million for the Water Treatment Group (Eimco Water Technologies) and C$8.4 million for the Pulp and Paper Group. These contracts add to the numerous smaller-scale orders won during the same Period, the company said in a press release received by Lesprom Network.
Among the large-scale contracts awarded to the Pulp and Paper Group, the largest, worth C$6.8 M, was granted by a major U.S. pulp producer to deliver a complete oxygen delignification system based on its advanced DUALOX® technology and incorporating two COMPACT PRESS® pressure washing units. This project will be completed in March 2011.
In addition, the group obtained another important contract in the United States for pulp preparation equipment, as well as a contract worth more than C$1 million for a pulp cleaning system in Indonesia. The President and C.O.O. says he is pleased with the Pulp and Paper Group being awarded such contracts, which could point to initial signs of improvement in investing activity by the global pulp and paper industry, such as management has been observing over the past weeks.
“Therefore, we remain confident that the group’s order backlog will gradually improve during the second half of the current fiscal year, which should lead to a higher profitability starting in fiscal 2011,” concluded Richard Verreault.