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Cemtrex Lands New Orders Worth Over $15M
January 11, 2017 | Cemtrex Inc.Estimated reading time: 1 minute
Cemtrex Inc. has received new orders in excess of $15 million in the previous month across its Industrial Products and Services Group and Electronics Manufacturing Services Group.
The company received approximately $10.5 million in orders for its Electronics Manufacturing Services Group for products related to innovative automotive products, medical devices, and automation technology. Cemtrex also received approximately $4.5 million in orders in its Industrial Products and Services Group in the packaging, industrial manufacturers, aggregate, power, oil, and construction industries. Cemtrex expects to ship these orders over the next 12 months.
Cemtrex's Chairman and CEO, Saagar Govil, commented, "We are excited by the continued demand for our technologies and services as we reached a new record in monthly bookings and anticipate this trend to continue during this fiscal year based on the number of inquiries at hand. As a result we remain cautiously optimistic about the growth prospects for our Company and look to continue executing on our strategies."
About Cemtrex
Cemtrex Inc. (CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.
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