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ITT industries refines portfolio
February 1998
ITT INDUSTRIES REFINES PORTFOLIO ITT Industries Inc has sold its auto body systems unit in Bergneustadt, Germany, and its magnet production plant in Nuevo Laredo, Mexico. The terms of the sales were not disclosed. The Bergneustadt unit was sold through a management buy-out, while the Nuevo Laredo facility was bought by Carbone Lorraine Group of Paris, France. '+These sales reflect ITT Industries' continuing process of refining our portfolio of businesses, focusing on areas that create the most value for our shareholders," said Travis Engen, chairman, president and chief executive of ITT Industries.
HI NEEDS YOU The Hydraulic Institute (HI), under the approval of the American National Standards Institute (ANSI), is seeking qualified participants to develop the 1999 edition of HI Pump Standards. Individuals and organisations directly and materially affected by the updated standards and interested in reviewing the drafts are invited to contact the HI+ These parties include pump users, pump producers, other standards developers, government agencies and related groups. HI will develop a canvass list of all interested parties wishing to review the drafts and will submit this list to ANSI to meet its open canvass requirements. The scope of the HI Standards includes centrifugal, vertical, rotary and reciprocating pumps. Types and nomenclature, definitions, design and application, installation, operalion and maintenance, and tests will be covered. John H Doolin, technical affairs manager for HI, said that every five years the HI is
Pump Industry Analyst
expected to examine its standards and reaffirm, revise or withdraw them accordingly. To date, 53 changes to the existing 13 standards are being proposed. In addition to substantive changes due to new subject material, they reflect a greater emphasis on metric measurements rather than US measurement equivalents. In addition a completely new section on air operated pumps is also planned. For more information about participating in the HI/ANSI canvass, contact John H Doolin, HI Technical Affairs Manager, Hydraulic Institute, 9 Sylvan Way, Parsippany, NJ 07054, USA. Tel: +l 973 267 7772.
SEALS M A R K E T SET FOR G R O W T H The US market for gaskets and seals is projected to increase 6.2 per cent per annum through the year 2001 to US$6.6 billion. Prospective gains are expected to shift increasingly to the maintenance/repair/ operations market, as original equipment market demand decelerates with the aging economic expansion. Because of the larger numbers of new machinery and equipment put into use during the early/mid 1990s expansion, the repair and maintenance aftermarket should create opportunities. These and other trends are presented in Gaskets & Seals, a new study from The Freedonia Group Inc, the Clevelandbased industrial market research firm. The study suggests that the best growth prospects will continue to be high-performance products such as mechanical face seals, rotary oil seals and nonmetallic gaskets made from advanced materials. Although growth in demand for metallic gaskets and seals will generally lag behind that of non-metallic designs, there are specific niches with above-
average growth potential, in particular elastomer-coated multilayer steel cylinder head gaskets. Shipments of gaskets and seals from US facilities are projected to rise 6.1 per cent per year through 2001 to US$6.1 billion, slightly slower than demand. This will reflect intensifying import competition, receiving a further boost from global currency realignments stemming from the Asian financial crisis of 1997. Such realignments are ultimately expected to result in greater price-competitiveness for export-led Asian suppliers, at the expense of US producers. Gaskets & Seals, published January 1998, comprises 193 pages, and is available for US$3300 from The Freedonia Group Inc, 3570 Warrensville Center Rd, Ste 201, Cleveland, Ohio 44122-5226, USA. For further details, please contact Corinne Gangloff. Tel: +1 216 921 6800; Fax: +1 216 921 5459; E-mail: tfgi @ix.netcom.com
M E M S T E K TO DEVELOP MINIATURE CENTRIFUGAL PUMP Vancouver-based MEMStek Products LLC is to begin development of a new line of micro-scale centrifugal pumps. According to the company, the new pump product line is to be targeted at a broad range of applications in healthcare, industrial processing, and instrumentation. MEMStek is now looking for additional partners to accelerate the development of the initial designs. The pump's design employs a number of new technologies including new high speed brushless DC motors, advanced machining technologies and specially processed materials.
Commenting on the announcement, Wayne Ross, CEO of MEMStek, stated: "We plan to take a similar approach to centrifugal pump design as we did with our first prototype micro-miniature gear pump by using a combination of our high aspect ratio micromachining technology and other commercially available machining and assembly technologies to produce a dramatically smaller pump." MEMStek Products LLC is a privately held company based in Vancouver, WA. MEMStek provides a range of products and services including quick turn-around prototyping in its deep-x-ray lithography micro-machining process; pilot production of micromachined components in plastic and metal; and fluid handling systems including pumps and pump arrays.
3: Z <
IDEX BUYS GAST MANUFACTURING Idex Corporation has acquired Gast Manufacturing Company, a privately held air moving products manufacturer, headquartered in Benton Harbor, Michigan, USA. The aggregate purchase price of the business was approximately US$118 million and it was an all-cash transaction. Gast's product range includes compressors, vacuum pumps, air motors, vacuum generators and regenerative blowers. The company has annual sales of approximately US$100 million. As well as its headquarters and manufacturing facilities in Benton Harbor, Michigan, Gast has manufacturing locations in Bridgman, Michigan; and in High Wycombe and Swansea, UK. Donald N Boyce said they were delighted to be bringing a fine company such as Gast into the ldex family, ldex intends to operate Gast as a stand-alone business unit and to maintain its existing operations.
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ITT INDUSTRIES REFINES PORTFOLIO ITT Industries Inc has sold its auto body systems unit in Bergneustadt, Germany, and its magnet production plant in Nuevo Laredo, Mexico. The terms of the sales were not disclosed. The Bergneustadt unit was sold through a management buy-out, while the Nuevo Laredo facility was bought by Carbone Lorraine Group of Paris, France. '+These sales reflect ITT Industries' continuing process of refining our portfolio of businesses, focusing on areas that create the most value for our shareholders," said Travis Engen, chairman, president and chief executive of ITT Industries.
HI NEEDS YOU The Hydraulic Institute (HI), under the approval of the American National Standards Institute (ANSI), is seeking qualified participants to develop the 1999 edition of HI Pump Standards. Individuals and organisations directly and materially affected by the updated standards and interested in reviewing the drafts are invited to contact the HI+ These parties include pump users, pump producers, other standards developers, government agencies and related groups. HI will develop a canvass list of all interested parties wishing to review the drafts and will submit this list to ANSI to meet its open canvass requirements. The scope of the HI Standards includes centrifugal, vertical, rotary and reciprocating pumps. Types and nomenclature, definitions, design and application, installation, operalion and maintenance, and tests will be covered. John H Doolin, technical affairs manager for HI, said that every five years the HI is
Pump Industry Analyst
expected to examine its standards and reaffirm, revise or withdraw them accordingly. To date, 53 changes to the existing 13 standards are being proposed. In addition to substantive changes due to new subject material, they reflect a greater emphasis on metric measurements rather than US measurement equivalents. In addition a completely new section on air operated pumps is also planned. For more information about participating in the HI/ANSI canvass, contact John H Doolin, HI Technical Affairs Manager, Hydraulic Institute, 9 Sylvan Way, Parsippany, NJ 07054, USA. Tel: +l 973 267 7772.
SEALS M A R K E T SET FOR G R O W T H The US market for gaskets and seals is projected to increase 6.2 per cent per annum through the year 2001 to US$6.6 billion. Prospective gains are expected to shift increasingly to the maintenance/repair/ operations market, as original equipment market demand decelerates with the aging economic expansion. Because of the larger numbers of new machinery and equipment put into use during the early/mid 1990s expansion, the repair and maintenance aftermarket should create opportunities. These and other trends are presented in Gaskets & Seals, a new study from The Freedonia Group Inc, the Clevelandbased industrial market research firm. The study suggests that the best growth prospects will continue to be high-performance products such as mechanical face seals, rotary oil seals and nonmetallic gaskets made from advanced materials. Although growth in demand for metallic gaskets and seals will generally lag behind that of non-metallic designs, there are specific niches with above-
average growth potential, in particular elastomer-coated multilayer steel cylinder head gaskets. Shipments of gaskets and seals from US facilities are projected to rise 6.1 per cent per year through 2001 to US$6.1 billion, slightly slower than demand. This will reflect intensifying import competition, receiving a further boost from global currency realignments stemming from the Asian financial crisis of 1997. Such realignments are ultimately expected to result in greater price-competitiveness for export-led Asian suppliers, at the expense of US producers. Gaskets & Seals, published January 1998, comprises 193 pages, and is available for US$3300 from The Freedonia Group Inc, 3570 Warrensville Center Rd, Ste 201, Cleveland, Ohio 44122-5226, USA. For further details, please contact Corinne Gangloff. Tel: +1 216 921 6800; Fax: +1 216 921 5459; E-mail: tfgi @ix.netcom.com
M E M S T E K TO DEVELOP MINIATURE CENTRIFUGAL PUMP Vancouver-based MEMStek Products LLC is to begin development of a new line of micro-scale centrifugal pumps. According to the company, the new pump product line is to be targeted at a broad range of applications in healthcare, industrial processing, and instrumentation. MEMStek is now looking for additional partners to accelerate the development of the initial designs. The pump's design employs a number of new technologies including new high speed brushless DC motors, advanced machining technologies and specially processed materials.
Commenting on the announcement, Wayne Ross, CEO of MEMStek, stated: "We plan to take a similar approach to centrifugal pump design as we did with our first prototype micro-miniature gear pump by using a combination of our high aspect ratio micromachining technology and other commercially available machining and assembly technologies to produce a dramatically smaller pump." MEMStek Products LLC is a privately held company based in Vancouver, WA. MEMStek provides a range of products and services including quick turn-around prototyping in its deep-x-ray lithography micro-machining process; pilot production of micromachined components in plastic and metal; and fluid handling systems including pumps and pump arrays.
3: Z <
IDEX BUYS GAST MANUFACTURING Idex Corporation has acquired Gast Manufacturing Company, a privately held air moving products manufacturer, headquartered in Benton Harbor, Michigan, USA. The aggregate purchase price of the business was approximately US$118 million and it was an all-cash transaction. Gast's product range includes compressors, vacuum pumps, air motors, vacuum generators and regenerative blowers. The company has annual sales of approximately US$100 million. As well as its headquarters and manufacturing facilities in Benton Harbor, Michigan, Gast has manufacturing locations in Bridgman, Michigan; and in High Wycombe and Swansea, UK. Donald N Boyce said they were delighted to be bringing a fine company such as Gast into the ldex family, ldex intends to operate Gast as a stand-alone business unit and to maintain its existing operations.
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