KSB Aktiengesellschaft exports to the East

Sterling sells out to Grundfos The Grundfos

Group

Brazilian

pump

company

Mark

has acquired

purposes,

manufacturing Peerless

which

will m the future

name

Mark

Pumps

fire

water

supply.

“With

the

extinguishing,

Ltd.

the

Nearly

Peerless

acquisition

of

SA, Grundfos

SA are acquired

through

says Group

Fluid

who

participation

in

Sterling will

then

Mark Peerless largest

indirect

Mark

Peerless

Brazilian

pump

more than sales

SA, which local

in

market,

with yearly

of approximately

USD

pumps

has

been

awarded

Azerbaijan

an order

Pumps

to supply

four

seawater

Sea.

injection

pumps

as the largest

market”

Jens Jgrgen

Grundfos.

is

The

already

Brazilian

market

company

Grundfos

The

companies

their

knowledge

with

in

the

the

sales

do Brazil Ltda. will

integrate

pumps

approximately power; power

than

They

are

8M

for industrial

Smith

has

hy saying conditions, were margin ved our

difficult

Group

similar

Group

Executive

Vice

Carlo

Prola,

become

Chairman

on

improvements

operational

due

to

pression

and

(C&WP)

platform

in

Products

Services

businesses, in our

and

offsetting

Techna

associates’

re-

Division

earnings.

cash generation

Once

was excel-

lent and the Company

ended

2002

with no net deht.

President

Grundfos,

and

will

of the Board of

margin

Products

Project

difficult

year

marker

Despite

the

enabled

from

prrf&mance and Services

Improved

mar@

performance

eering

Products

Strong

divisions

and

tional

opera-

from Engin-

and Services

balance

productivity

Services

businesses

company

the

to deliver

level to last year.

The

the Engineering

results

Products were

from

and

sheet

closing

growth

in

ment

con-

scheduled

by the

gas

Pumps

UK,

for April

by Group

and as a result

market

40

test

where

the is

to July 2004.

Russia

has produced

growth

in turnover

per

cent.

hold

DKK

Apart

is seen

the

growth

from Japan, other

reached

Manage-

Far

capture

will aim

shares.

that market to

potential.

the growth

Eastern

13%. Also

and especially

of

means

and is considered

major

of Grundfos’

global

This

the with

is now a significant

for Grundfos

The

year. from

highest Russia

is recording

good

turnover

continued

and

Grundfos’

to DKK 10,703M

when

compared Engineering

Products

business

operations Liquid

Valves

The

and

interims

end

in

markets

in this region,

in China,

Grundfos

at increasing

rates over the next

the

Controls

major

its growth

years.

end

Products

operating

margins

to 7.6%

(7.2%

grew

rhe

This growth, main,

Weir’s

which

driven

performances

hy

and

Controls

offset

the

effects

stronger

competition

Bombas

approximately total

generated

progressing and

screw

pumps.

S.A. lines

on

PortuRal

PUMPS

May 2003

an

for the low growth

factories

markets

and

Germany,

Japan,

such

as

on

he

another

he spent

of

a

to

and

will

the

in Hungary

the

A large

products

in 2003 part

on

Group’s

and

China

establishment

production

and the USA.

a record

be spent

expansion

partly

of

a

site in Russia.

KSB Aktiengesellschaft

exports to the East

KSB

cubic

In

and

Aktiengesellschaft

orders

in both

Western

company

has

Siberia Siberia

a

has placed

all

control

Liquid

worth

water

for

pumps systems

areas.

The

pumps

screw,

these

are to he installed

metre

deep

groundwater

houring

from pit

shaft

in

to keep

from

a disused

flooding

a neigh-

that

is still

8 million

pump

in

steel expected

units

of and

are

made

high-grade will

to

each

pump

pit

per hour.

of

unit about

to

is 600

China

by

of the

2003.

The

is a German-Chinese company complex

stalled

330

in excess

September

industrial

building

of pumps

plants KSB

units

needed

with

cooling

will he inlines of the

and are manufac-

at KSB’s location a small

an

in Nanjing.

in the process

Germany. build

duplex

is to deliver

chemical

tured entirely

product basis

6

chemical

worked. The

aggressive

a value

The majority

being

IMO

AxFlow,

of

KSB

with

customer

and centrifugal

In future,

In China, pumps end

some +? 2.2 million.

increased

and

metres

to the surface

mining

an order

and

related

won

and China.

reduced

Clear

exclusive

the

large

the

borehole

are Allweiler

and Spain.

introduced important

com-

will

of new

in

the

will distribute

This

submersible

and

Houttuin

the

contains

investments.

of that

number

in turnover

there.

in budgeted

pensated

coalmine

cavity

pumps

of

The new budget part

markets

40%

growth

four

in most product

S.A.

share

in the new Eastern

Divisions, of

in Weir’s operations

in

was, in

in the Minerals

Valves

has

a large

well.

In Engineering 2001).

and

Grundfos

and Far Eastern

Group’s was

remained

other

years,

on ensuring

European

Clear

held up relatively

recent

in the growth

the power

market

although

markets

pump from

includes

of the Minerals,

and

In

focused

businesses

last year. Weir’s

volumes

increase

performance

Services

stronger

with

2002 with zero debt

W0RI.D

of

group

as satisfactory

Axflow gets Colfax from Allweiler

.

at full speed,

Sulzer

in Leeds,

in-

pumps

pumps will also be built. Delivery

In 2002

uncer-

market

most

as a fairly

a 500

u

the

economy,

difficult in

10,214M

in its Engineering

the

Dividend Strong

Divisions

continued

in the global

2002

con-

dition\ Minerals

in

phase All

driven

at

facility

Azeri

early

tested

and

turbines

Injection

for the

the

requirements.

load

with

will also he supp-

Grundfos takes comfort in the East

markets,

profits at a similar

soft in line with previous

Strong

and

and

divisions.

Highlights: despite

Services

improvements

generation Profit

Com-

Water

jection full

gas cart-

interchangeable

pumps

will be string

for

at 4800

RB211

and impro-

performance

duction again,

market

year

Opera-

their

fully

lied to meet

to the

(AIOC)

Royce

A ‘low flow’ pump

the main

record.

International

turbines. ridge

greater

the previous

installation

tainty

Minerals and

results for 2002

to last

Engineering

and

commented

results for 2002

“Despite

absorbed

50%

Company

at

will he driven

by Rolls

and workings.

Directors.

of the Weir Group,

ith preliminary

rated

to be supplied

Azerbaijan ting

each

is some

Development

Weir reports good progress on

The pumps

26 MW

this

generally

Sir Rohcrt

are

of the Caspian

are claimed

ever built.

‘pm

ditions

The Chairman

that

sector

the

employs

130 people

and produces

is one of

players

of

company

the

SA.

the

President

Madsen

Mark

intensifies

its focus on the Brazilian

from

and

SA,

carry

in Mark Peerless

withdraw

Sulzer

The

half of rhe shares Systems

Largest pumps ever built

in Pegnitz,

Shanghai number

to supply

will

of pump the

plant

water.

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