Megatherm Induction Limited Obtains Key Export Order from Africa

Megatherm Induction Limited has announced that it has obtained a large export order from Africa with an approximate value of $4.9 million. This export order represents a considerable increase to the international business of the company and is consistent with its global expansion strategy. Megatherm has been busily exporting induction heating and melting products to a number of nations including African nations. This new order supports the firm's robust position in the global market for induction furnaces and ancillary equipment. The transaction is likely to add significantly to Megatherm's revenue for the next fiscal year, further entrenching its position in the African market.
Source: Company Announcement