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INNOVA Global's new orders for gas turbine components tops CAD $33.5m to deliver strong international growth in Q1
CALGARY, April 11, 2018 /CNW/ - International emissions and noise control leader INNOVA Global Limited has won CAD $33.5 million worth of new gas turbine auxiliaries' business in December 2017 and the first quarter of 2018, reflecting strong international sales growth across North America, Europe and Africa.
Following a transformational merger with industry peer Braden last year, INNOVA Global started 2018 with a backlog of contracts across all divisions worth more than CAD $115 million, putting the expanded business in a strong financial position.
INNOVA Global's President and CEO Harry Wong said the latest quarterly order figures demonstrate the evolving success of the Company's strategic merger with Braden to drive global expansion and access new markets.
"About 50 per cent of all new sales orders were generated via our European division, or from projects abroad, including CAD $10 million in orders for air intake and diffuser systems to be fitted to gas-fired power stations in Pakistan and Tunisia and a US $2.18 million order for a power plant expansion in Britain," he said.
The balance of the new business came through INNOVA Braden from clients working on major power projects in the US including CAD $7.1 million in orders for NOx and CO scrubber units on gas-fired power stations.
"Our expanding INNOVA Braden Retrofit Division also won a CAD $2.2 million exhaust silencer and stack order for a project on the West Coast of the USA and we also picked up similar orders worth about CAD $2.8 million from clients for three existing power plant sites in Argentina. We are able to offer our customers guaranteed performance as a result of a gas turbine auxiliary equipment install base which is the largest in the world. Our extensive R&D program involving materials testing, a combination of CFD, FEA and flow modelling, large drawing database of installed systems, and in-house engineering expertise ensures we are backing up this performance," Mr. Wong said.
"The strong sales order growth has been underpinned by the combined group's experience as the most trusted gas turbine component supplier in the industry. Whether it's filters or filter houses, round structures such as exhaust stacks or auxiliary equipment for gas turbines and power stations, INNOVA Braden has available capacity to deliver quality components competitively," Mr. Wong said.
INNOVA Braden comprises of the INNOVA Global's divisions of Environmental Solutions (formerly Higgott-Kane and Braden Manufacturing), the Retrofit Solutions (formerly Braden Manufacturing LLC) in Tulsa and Consolidated Fabricators in Auburn, Massachusetts and wholly owned subsidiary INNOVA Braden Europe (formerly Braden Europe) located in Heerlen, the Netherlands.
The acquisition from Global Power Group in October 2017 of Braden and CFI enabled INNOVA Global to expand its global reach with added market presence in North, Central and South America, as well as Europe, the Middle East, North Africa, China and, Australasia.
Clients of the combined entity are benefiting greatly from the breadth of OEM prequalified product designs and solutions now available worldwide.
About INNOVA Global:
INNOVA Global is a leading fully integrated engineering, fabrication, procurement and construction management company. Backed by 40 years of innovation and a strong commitment to client excellence, INNOVA Global drives performance and efficiencies for customers in the power generation, oil & gas, petrochemical and industrial sectors. INNOVA Global's full-service suite of specialized and balanced solutions includes air and noise emissions control, acoustic consulting, gas turbine auxiliary systems, heat recovery systems, oil and gas facilities, and turnkey buildings. With offices strategically located throughout the world, INNOVA Global ensures global expertise combined with a local focus.
About INNOVA Braden:
INNOVA Braden is comprised of two divisions within the INNOVA Global Group of Companies called Environmental Solutions and Retrofit Solutions. INNOVA Global's Environmental Solutions division is the international leader in the power generation industry for the design, manufacture, and installation of auxiliary equipment for gas turbines including filter houses, inlet cooling systems, anti-icing systems, intake silencers, expansion joints, diffusers, diverter dampers, exhaust silencers, exhaust stacks and selective catalytic reduction systems.
INNOVA Braden's Retrofit Solutions division provides aftermarket services including parts supply, retrofits and upgrades offered by INNOVA Consolidated Fabricators and Braden Manufacturing. Parts offerings include filters, media, seals, and replacement components for gas turbine power plant auxiliary equipment. Retrofit Solutions also offers technical assistance, evaluation studies and inspections of equipment plus turnkey solutions and outage management for retrofits and upgrades.
About INNOVA Braden Europe:
INNOVA Braden Europe is a leading provider of diverter dampers, inlet filter houses, diffusers, and exhaust stack silencer equipment for all major OEM gas turbine manufacturer, including GE, Siemens, and MHPS. INNOVA Braden Europe is recognized as the industry-leading provider of diverter dampers globally first as Metrio B.V. and later as Braden Europe. Currently, INNOVA Braden Europe has over 370 diverter dampers in operation worldwide including for the newest H Class gas turbines.
SOURCE Innova Global
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