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Cemtrex Receives New Orders Totaling over $3 Million

Source: www.gulfoilandgas.com 10/28/2015, Location: North America

Cemtrex Inc., a diversified industrial and manufacturing leader, has secured new orders totaling over $3 million in recent weeks. The orders consisted of primarily new orders from existing customers between the two groups: Environmental Products & Systems and Electronics Manufacturing Services.

The company received approximately $1.8M in new environmental products sales with deliveries expected over the next twelve months for new projects in South and East Asia. The company also received approximately $1.2M in new electronics products orders for a diverse set of existing European customers in wearable, medical, and industrial markets with deliveries expected over the next twelve months.

Cemtrex's CEO, Saagar Govil, commented, "I am pleased to see our team obtaining new orders despite recent uncertainty in financial markets. Our existing businesses are seeing continued demand with new orders feeding into a healthy backlog. This combined with our previously announced pending acquisition gives us confidence that our fiscal 2016 will be another positive year for Cemtrex."

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