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Leybold offers online trading
April 1999
STOCKHOLM HONOURS GROUNDWATER EXPERT Sweden’s King Carl Gustaf has presented the Stockholm Water Prize to Professor Gedeon Dagan of the Faculty of Engineering at Israel’s Tel Aviv University. Sponsored by Grundfos and valued at US$l50 000, the prize recognises an individual. institution or organisation that has made a significant contribution to improving water quality. water protection or M ater resource management. Professor Dagan was selected for his pioneering research on the relationship between polluformations tants, subsurface and transport processes. and groundwater.
SULZER ROTEQ POSTS STRONG PERFORMANCE While Sulzer Technology Corporation achieved a 6 per cent increase in 1998 operating income to SFr300 million, both sales and net inrome recorded disappointing decreases. Sales totalled SFr5876 million, which were slightly down on last year’s level of SFr6051 million. 1998 net income fell to SFr183 million from SFr214 million a year ago. Sulzer Industry’s operating income before exceptional charges increased by 67 per cent from SFrlOO milion to SFr167 million. Even al’ter exceptional charges of SFr65 million for Sulzer Textil and Sulzer Winterthur, there Mas still a marked rise of 26 per cent in Sulzer Industry’s operating income, from SFr74 million to SFr93 million. This was due in particular to improvements 7y Sulzer Textil, Sulzer Roteq Ind Sulzer Infra. Sales at Sulzer Roteq (pumps and compressors) rose by 8 per cent to SFr1472 milIlon, reflecting high order
Pump Industry Analyst
backlog at the beginning of Operating 1998. income increased markedly by 36 per cent to SFr.53 million, reflecting productivity improvement and measures systematic focusing on specialised market segments. Divisional business volume, which focuses mainly on the worldwide petroleum industry, is expected to flatten out in 1999 due to the low oil price, with operating income matching 1998’s level. Instead of a dividend, Sulzer’s board of directors recommended a capital repayment of SFr20 per registered share.
MORTON FORMS CONTRACT MACHINING DIVISION Morton Industrial Group Inc, the contract manufacturing supplier to large industrial original equipment manufacturers (OEMs), is acquiring Illinois Machine & Tool Works and MC Products LLC. Both companies have sigrelationships nificant with large OEMs. Illinois Machine & Tool Works, based in North Pekin, Illinois, manufactures finished machine parts for the heavy equipment, pump, valve and controls and electronic industries and is QS 9000 and IS0 9002 certified. MC Products, LLC, based in Galesburg, Illinois, manufactures finished machine parts for the heavy equipment and all other industries. The acquisitions form the foundation of Morton’s newly established Contract Machining Division.
OSMONICS OFFERS ROAJF EQUIPMENT SEMINAR Osmonics’ Equipment Operation and Maintenance seminar takes place on 13-14 May 1999 at the company’s headquarters in Minnetonka.
Designed for operators of reverse osmosis (RO)/ultrafiltration (UF) equipment used for water treatment, pollution control, and process applications, the seminar will review internal machine flow, components used for control and safe operation, machine hookups. calibration of instrumentation, data recording and troubleshooting. The seminar will also cover membrane dynamics, performance measures, steps to ensure membrane performance cleaning procedures, mechanical leaks, pump maintenance, pump performance evaluation, membrane replacement procedures and replacement parts. This is an open US$lOO per person seminar, but attendance is limited. For further details, contact Bette Nelson, Osmonics’ travel and seminar coordinator on +l 612 988 6618.
LEYBOLD OFFERS ONLINE TRADING Leybold Vacuum Products of Export, Pennsylvania, USA, has introduced online buying capabilities for US customers. The site, www.buyvacuum.com, allows customers to purchase vacuum products and accessories with credit cards or company purchase orders. Products offered on the site include TRIVAC@ two stage rotary vane pumps; TURBOVA@ turbomolecular pumps; SOGEVAC@ single stage rotary vane pumps; Vacuum Gauges; ECODRY L@ dry piston pumps; and DRYVAC@ hook and claw dry pumps. Site visitors can search by product type, Leybold product name, product number, or pumping speed. Users can select and add products to their shopping carts and proceed to the checkout, providing bill-to and ship-to information. The site uses a secure server for credit card transactions.
The board of directors of Flowserve Corporation declared a regular quarterly dividend of IJS$O. 14 per share, payable on 19 March 1999, to shareholders of record at the close of business on 4 March 1999. Grace’s board approved a regular quarterly dividend of US$O. 1I per common share payable on 5 May 1999 to shareholders of record at the close of business on 19 April 1999. The company has approximately 20. I million shares outstanding. The board of directors of United Dominion Industries Ltd declared a firstquarter cash dividend of US$O.O9 per common share. The first quarter dividend will be paid on 31 March to shareholders of record on 5 March. Roper Industries’ board approved a quarterly dividend of US$O.O65 per share payable on 30 April 1999 to stockholders of record on 16 April 1999. Crane Co’s regular US$O. 10 dividend on common stock for the first quarter of 1999 was paid on 12 March 1999 to shareholders of record at the close of business on 5 March. On 20 February 1999, the board of directors of Sundstrand Corporation de&ued a quarterly cash dividend of US$O. 17 per common share payable on 16 March 1999, to shareholders of record at the close of business on 2 March 1999. The board of the TI Group is recommending a final dividend of f0.116 payable on 28 May 1999 to shareholders on the register at the close of business on 19 March 1999. This gives a total dividend per ordinary share for the year of f0.172, an increase of 8 per cent.
STOCKHOLM HONOURS GROUNDWATER EXPERT Sweden’s King Carl Gustaf has presented the Stockholm Water Prize to Professor Gedeon Dagan of the Faculty of Engineering at Israel’s Tel Aviv University. Sponsored by Grundfos and valued at US$l50 000, the prize recognises an individual. institution or organisation that has made a significant contribution to improving water quality. water protection or M ater resource management. Professor Dagan was selected for his pioneering research on the relationship between polluformations tants, subsurface and transport processes. and groundwater.
SULZER ROTEQ POSTS STRONG PERFORMANCE While Sulzer Technology Corporation achieved a 6 per cent increase in 1998 operating income to SFr300 million, both sales and net inrome recorded disappointing decreases. Sales totalled SFr5876 million, which were slightly down on last year’s level of SFr6051 million. 1998 net income fell to SFr183 million from SFr214 million a year ago. Sulzer Industry’s operating income before exceptional charges increased by 67 per cent from SFrlOO milion to SFr167 million. Even al’ter exceptional charges of SFr65 million for Sulzer Textil and Sulzer Winterthur, there Mas still a marked rise of 26 per cent in Sulzer Industry’s operating income, from SFr74 million to SFr93 million. This was due in particular to improvements 7y Sulzer Textil, Sulzer Roteq Ind Sulzer Infra. Sales at Sulzer Roteq (pumps and compressors) rose by 8 per cent to SFr1472 milIlon, reflecting high order
Pump Industry Analyst
backlog at the beginning of Operating 1998. income increased markedly by 36 per cent to SFr.53 million, reflecting productivity improvement and measures systematic focusing on specialised market segments. Divisional business volume, which focuses mainly on the worldwide petroleum industry, is expected to flatten out in 1999 due to the low oil price, with operating income matching 1998’s level. Instead of a dividend, Sulzer’s board of directors recommended a capital repayment of SFr20 per registered share.
MORTON FORMS CONTRACT MACHINING DIVISION Morton Industrial Group Inc, the contract manufacturing supplier to large industrial original equipment manufacturers (OEMs), is acquiring Illinois Machine & Tool Works and MC Products LLC. Both companies have sigrelationships nificant with large OEMs. Illinois Machine & Tool Works, based in North Pekin, Illinois, manufactures finished machine parts for the heavy equipment, pump, valve and controls and electronic industries and is QS 9000 and IS0 9002 certified. MC Products, LLC, based in Galesburg, Illinois, manufactures finished machine parts for the heavy equipment and all other industries. The acquisitions form the foundation of Morton’s newly established Contract Machining Division.
OSMONICS OFFERS ROAJF EQUIPMENT SEMINAR Osmonics’ Equipment Operation and Maintenance seminar takes place on 13-14 May 1999 at the company’s headquarters in Minnetonka.
Designed for operators of reverse osmosis (RO)/ultrafiltration (UF) equipment used for water treatment, pollution control, and process applications, the seminar will review internal machine flow, components used for control and safe operation, machine hookups. calibration of instrumentation, data recording and troubleshooting. The seminar will also cover membrane dynamics, performance measures, steps to ensure membrane performance cleaning procedures, mechanical leaks, pump maintenance, pump performance evaluation, membrane replacement procedures and replacement parts. This is an open US$lOO per person seminar, but attendance is limited. For further details, contact Bette Nelson, Osmonics’ travel and seminar coordinator on +l 612 988 6618.
LEYBOLD OFFERS ONLINE TRADING Leybold Vacuum Products of Export, Pennsylvania, USA, has introduced online buying capabilities for US customers. The site, www.buyvacuum.com, allows customers to purchase vacuum products and accessories with credit cards or company purchase orders. Products offered on the site include TRIVAC@ two stage rotary vane pumps; TURBOVA@ turbomolecular pumps; SOGEVAC@ single stage rotary vane pumps; Vacuum Gauges; ECODRY L@ dry piston pumps; and DRYVAC@ hook and claw dry pumps. Site visitors can search by product type, Leybold product name, product number, or pumping speed. Users can select and add products to their shopping carts and proceed to the checkout, providing bill-to and ship-to information. The site uses a secure server for credit card transactions.
The board of directors of Flowserve Corporation declared a regular quarterly dividend of IJS$O. 14 per share, payable on 19 March 1999, to shareholders of record at the close of business on 4 March 1999. Grace’s board approved a regular quarterly dividend of US$O. 1I per common share payable on 5 May 1999 to shareholders of record at the close of business on 19 April 1999. The company has approximately 20. I million shares outstanding. The board of directors of United Dominion Industries Ltd declared a firstquarter cash dividend of US$O.O9 per common share. The first quarter dividend will be paid on 31 March to shareholders of record on 5 March. Roper Industries’ board approved a quarterly dividend of US$O.O65 per share payable on 30 April 1999 to stockholders of record on 16 April 1999. Crane Co’s regular US$O. 10 dividend on common stock for the first quarter of 1999 was paid on 12 March 1999 to shareholders of record at the close of business on 5 March. On 20 February 1999, the board of directors of Sundstrand Corporation de&ued a quarterly cash dividend of US$O. 17 per common share payable on 16 March 1999, to shareholders of record at the close of business on 2 March 1999. The board of the TI Group is recommending a final dividend of f0.116 payable on 28 May 1999 to shareholders on the register at the close of business on 19 March 1999. This gives a total dividend per ordinary share for the year of f0.172, an increase of 8 per cent.