CECO Environmental

CECO Environmental Overview

CECO Environmental is the leading provider in industrial air quality and fuel handling systems. The company has three business segments, namely, energy solutions segment, industrial solutions segment, and fluid handling solutions segment. The company offers VOC concentrators under the industrial solution segment. Some of the other products under this segment are dampers & diverters, fume capture & exhaust systems, gas turbine exhaust, industrial cyclones, metal strip & coil cooling & drying, oxidizers, scrubbers, and separators.

The company has presence in countries, such as US, the UK, India, Germany, the UAE, Canada, China, Hongkong, Chile, and Singapore. Some of the company’s major subsidiaries are Aarding Thermal Acoustics B.V. (the Netherlands), Burgess Manning Pvt. Ltd. (India), CECO Environmental S de RL de CV (Mexico), Burgess-Manning Gmbh (Germany), CECO Environmental Middle East (UAE), Fisher-Klosterman-Buell Shanghai Co. Ltd (China), and Peerless Europe, Ltd (UK). Some of its competitors are Munters (Sweden), Fuel Tech Inc. (US), and Donaldson Company, Inc. (US).

Strategy

CECO Environmental strategizes to emerge as one of the global leaders in air quality and fuel handling solutions while reducing the impact on the environment with its safe, clean, and more efficient energy solutions. The company is focused on contracts with other companies and expansion to increase its market share, globally. For instance, in October 2018, the company signed an agreement with PT Ultima Tekno Solusindo, Indonesia to offer energy solutions. Furthermore, the company is focused on upgrading its solutions with focus on research & development. For instance, in August 2018, the company upgraded its SCR system with its patented EDGE AIG technology.

Company Snapshot

$367,422M

Revenue

1966

Founded

SWOT Analysis

Strengths

Wide product range
Focus on environmental pollution reduction technology

Weaknesses

Reduction in assets

Opportunities

Demand in developing countries such as India and China

Threats

Stringent environmental regulations
Competition form regional manufacturers

Key Developments

Date	Approach	Development
–	Contracts & Agreements	CECO Environmental and a leading composites and laminating manufacturer in the US signed an agreement for the installation of Adwest retox RTO. This contract has helped CECO expand its business in the US.
–	Mergers & Acquisitions	CECO Environmental acquired SAT Technology, Inc. (China). This acquisition has helped CECO expand its business in the China.

Product Offering

CECO Environmental
- VOC Concentrator

Financial Performance

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