International emissions and noise control company Innova GlobalÂ Ltd. reported CAN$33.5 millionÂ worth of new gas turbine auxiliaries’ business inÂ December 2017Â and the first quarter of 2018, reflecting strong international sales growth acrossÂ North America, Europe andÂ Africa, the company said.
Following a merger with industry peer Braden last year, Innova Global started 2018 with a backlog of contracts across all divisions worth more than CAN$115 million, putting the expanded business in a strong financial position, the company said.
Innova Global’s President and CEOÂ Harry WongÂ 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% of all new sales orders were generated via our European division, or from projects abroad, including CAN$10 millionÂ in orders for air intake and diffuser systems to be fitted to gas-fired power stations inÂ PakistanÂ andÂ TunisiaÂ and a US$2.18 millionÂ order for a power plant expansion inÂ 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 millionÂ 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 millionÂ exhaust silencer and stack order for a project on the West Coast of theÂ USAÂ and we also picked up similar orders worth about CAD$2.8 millionÂ from clients for three existing power plant sites inÂ 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 modeling, large drawing database of installed systems, and in-house engineering expertise ensures we are backing up this performance,” 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,” Wong said.