Wire
Energy Recovery Leases New Manufacturing Facility in Saudi Arabia
Energy Recovery (ERII) said Tuesday that it has finalized a lease for a new manufacturing facility near Dammam Second Industrial City in Dammam, Saudi Arabia.The 3,750-square-meter facility, the company's first manufacturing operation in Saudi Arabia, is expected to begin operations in 2027, the company said.The facility will carry out machining, assembly, and testing as part of Energy Recovery's proprietary PX Pressure Exchanger manufacturing process and will serve desalination customers in Saudi Arabia and across the wider Middle East and North Africa region, the company said.Price: $8.47, Change: $-0.05, Percent Change: -0.59%
$ERII
