Everest Kanto Cylinder (EKC), a pioneer in development and production of industrial and CNG cylinders, has received orders for export of CNG cylinders amounting to about $5 million. The execution of these orders is expected to be completed by May 2010.
Besides, the company’s overseas subsidiaries have also received orders in their respective locations. EKC International FZE, a wholly owned subsidiary of the company in Dubai, has received orders for the supply of CNG cylinders aggregating about $20 million. The execution of these orders has already started and is planned to be completed by May this year.
Further, the China-based 100% subsidiary of the company — EKC Industries (Tianjin) Company — has also received orders totalling around $2 million for supply of jumbo cylinders within China, marking a breakthrough in the market. The execution of these orders has also started and is planned to be completed by May 2010.