CECO Environmental Corp
(NASDAQ: CECE)
12.50
+0.30
+2.46%
+0.30
+2.46%
MORE ON CECE
COMPANY INFORMATION
| Exchange: | NASDAQ national market |
| Stock: | CECO Environmental |
| Industry: | Pollution & Treatment Controls |
| Employees: | 452 |
DESCRIPTION
| CECO Environmental was incorporated in New York State in 1966 and reincorporated in Delaware in January 2002. The Company provides an array of solutions for industrial ventilation and air quality problems through dust, mist and fume control systems and particle and chemical technologies to industrial and commercial customers. The four product groups are: Contracting/Services Group, which produces air pollution control and industrial ventilation systems, Equipment Group, which produces various types of air pollution control equipment, Parts Group, which manufactures products used by the company and other air pollution control companies and contractors, and its Engineering Group, which provides industrial ventilation engineering and source emission testing services. The Company engineers, designs, builds and installs systems that capture, clean and destroy airborne contaminants from industrial facilities as well as equipment that control emissions from such facilities. The Company markets its products and services under multiple brands, including Kirk & Blum, kbd/Technic, CECO Filters, Busch International, CECO Abatement Systems, CECOaire, K&B Duct, Effox, GMD Environmental, Fisher-Klosterman, Buell, A.V.C., FKI and Flextor to multiple end markets, a broad group of customers and for a wide range of applications. In March 2008, the Company acquired Fisher-Klosterman, Inc. which leases a 40,000 square foot facility in Shanghai, China and in August 2008 it acquired Flextor Inc. which leases a 15,000 square foot facility in Montreal, Canada. Key elements of the Company’s strategy include: Expand Customer Base and Penetrate End Markets through Global Market Coverage, Develop Innovative Solutions, Maintain strong Customer Focus and Pursue Selective Acquisitions. With more than 3,000 active customers, the Company provides services to a myriad of industries including aerospace, brick, cement, ceramics, metalworking, printing, paper, food, foundries, utilities, metal plating, woodworking, chemicals, glass, automotive, ethanol, pharmaceuticals, and refining. The Company’s contracting/services business unit is comprised of the contracting/services operations of its Kirk & Blum divisions. The Company provides cost effective engineered solution to in-plant process problems in order to control airborne pollutants. Customers include General Electric Company, General Motors Corporation, The Procter & Gamble Company, Nissan Motor Co., Ltd., Honda Motor Co., Inc., Toyota Motor North America, Inc., The Boeing Company, Lafarge, Corning Incorporated and Alcoa Inc. The Company also does projects in Mexico, China, Japan, Taiwan and Korea. The Company provides custom metal fabrication services at its Kirk & Blum Cincinnati, Ohio and Lexington, Kentucky locations. These facilities are used to fabricate parts, subassemblies, and customized products for air pollution and non-air pollution applications from sheet, plate, and structural and perform the majority of the fabrication for CECO Filters, Busch International, CECOaire and CECO Abatement. Customers include Siemens and General Electric. The Company’s equipment business unit is comprised of CECO Filters, Busch International, CECO Abatement, CECOaire, Effox, GMD, FKI, Flextor and A.V.C. The Company manufactures fiber beds in Philadelphia, India and in China. The Company’s engineering and design services are marketed under the kbd/Technic trade name to provide engineering services directly to customers. Customers include General Motors Corporation, Ford Motor Company, Toyota Motor North America, Inc., The Quaker Oats Company, Nissan Motor Co., Ltd. and Honda Motor Co., Inc. |
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