Gradiant's New Orders Amount To Over US$500 Mln In First Half 2024

KUALA LUMPUR, Aug 7 (Bernama) -- Gradiant, a global solutions provider for advanced water and wastewater treatment, has closed the first half of 2024 with over US$500 million in new orders, continuing the momentum from a record first quarter order book of US$337 million. (US$1=RM4.47)

According to a statement, this performance marks the fifth year of doubling annual sales and the impact of the company's strategic expansion into the United States (US) and critical high-tech manufacturing sectors worldwide.

“Our continued sales growth, bolstered by new high-tech industrial partnerships, is a testament to our solution-oriented approach and technological innovation that meets the exacting performance and sustainability demands of our clients.

“We are delivering on our commitment to help industry and communities thrive side-by-side to ensure water for generations to come,” said Gradiant Chief Operating Officer, Prakash Govindan.

Gradiant continued to deliver for blue-chip leaders in the world’s essential industries for whom they have become the go-to water solutions partner, signing new agreements to design, build and operate flagship water treatment and wastewater recycling plants in the US, Europe, Middle East, Africa, and Asia regions.

A significant portion of the new orders are for high profile projects in the semiconductor and microelectronics industry in the US and Asia, and for returning customers who are increasingly adopting more of Gradiant’s solutions based on positive experiences with the technologies and team.

These agreements highlight the increasing demand from critical high-tech manufacturing, food and beverage, and heavy industrial sectors for solutions that reduce water consumption, reclaim valuable resources, as well as renew wastewater for return to nature.

Gradiant significantly enhanced its value proposition in the second quarter with groundbreaking technological announcements in per- and polyfluoroalkyl substances (PFAS) treatment and lithium production.

In May, Gradiant introduced ForeverGone, the industry's first complete all-in-one solution to remove and permanently destroy PFAS, the harmful forever chemical, while in June, it announced alkaLi, a standalone spin-out company dedicated to accelerating the scaling of battery-grade lithium production.

-- BERNAMA