Description of Ceco Environmental's Business Segments
The registrant's reportable segments are organized by related end-market platforms focused on understanding customer needs and delivering tailored solutions. The business model includes make-to-order, configure-to-order, and engineer-to-order products, utilizing third-party subcontract fabrication partners worldwide. Key functions within the platforms include sales, application engineering, product management, project management, and supply chain execution. Monthly business reviews address pipeline, quotations, project management, financial performance, manufacturing, safety, and customer feedback, with attention to quality, customer satisfaction, on-time delivery, lead times, pricing, inflation, project margins, backlog, and safety. Centralized teams provide support for accounting, treasury, tax, payroll, human resources, legal, IT, marketing, and internal financial controls.
The reportable segments are:
1) Engineered Systems segment: This segment serves sectors such as power generation, hydrocarbon transport and processing, water and wastewater treatment, oily water separation and treatment, marine and naval, and natural gas infrastructure. It focuses on contaminant removal and environmental protection through platforms including emissions management, fluid bed cyclones, thermal acoustics, separation and filtration, and dampers and expansion joints.
2) Industrial Process Solutions segment: This segment serves a broad range of industrial sectors with solutions for contamination control, exhaust air treatment, VOC abatement, process filtration, and fluid handling. Applications include aluminum beverage can production, vehicle production, food and beverage processing, semiconductor fabrication, electronics production, steel and aluminum processing, engineered wood products manufacturing, chemical processing, general manufacturing and machining, coating and surface treatment, battery production and recycling, and wind and solar power components manufacturing. The segment aims to help customers maintain clean and safe operations, reduce energy consumption, minimize waste, and comply with regulatory standards related to toxic emissions, fumes, volatile organic compounds, and odor elimination.
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