BOULDER, Colo. (AP) ¿ Clad metal plates maker Dynamic Materials Corp. said Friday its explosive metalworking business received two related orders with a combined value of $14.8 million.
The orders are for explosion-welded plates to be used to manufacture upstream equipment for the Gorgon natural gas project located off of Australia's northwest coast. The plates will be produced at the company's Mt. Braddock, Pa., production facility. The company plans to ship the plates to German and U.S. fabricator customers during the first half of 2010.
The company's CEO Yvon Cariou said this is one of the largest cumulative orders in Dynamic Materials' history.
Shares of the company rose 17 cents to $18.36 in afternoon trading.