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Noveko plans strategic acquisition in Taiwan
IN BRIEF/NEWS
In Brief • Clarcor Inc has completed its previously announced acquisition of Perry Equipment Corp (Peco), a privatelyowned manufacturer of engineered filtration products and technologies for approximately US$163 million (see Filtration Industry Analyst, October 2007). Peco is based in Mineral Wells, Texas with operations in Mexico, Canada, the UK, Italy, Romania, Malaysia and China. Peco will be merged with Clarcor’s Facet operations. Its results will be included as part of Clarcor’s Industrial/Environmental Filtration segment. www.clarcor.com www.perryequipment.com • SPX Corp’s board of directors has declared a quarterly dividend of US$0.25 per common share payable on 2 January 2008, to shareholders of record on 14 December 2007. www.spx.com • As planned, Tamfelt Corp has incorporated the Group’s paper machine clothing (PMC) and filter fabric business areas, creating two new companies: Tamfelt PMC Corp and Tamfelt Filtration Corp (see Filtration Industry Analyst, November 2007). www.tamfelt.com • Effective 1 January 2008, Norit Americas Inc has increased its prices 10–15%, depending on the specific activated carbon product. All products shipped after that date will be billed at the new price, regardless of the date the order was placed. Norit cited the rising costs of energy, chemicals, coal, packaging materials and health care as well as the devaluation of the US dollar for the price increases. According to Norit, the activated carbon market is in tight supply as all suppliers strive to become more efficient, expand capacity and import carbons to meet the growing demand. www.norit-americas.com • Pentair Inc directors have recently approved a 13% increase in the company’s regular quarterly cash dividend. The new quarterly cash dividend rate US$0.17 per share - represents Pentair’s 31st consecutive annual dividend increase. www.pentair.com 4
Filtration Industry Analyst
succeed and grow in 2008 and beyond,” said president and CEO Jukka Moisio. For further information, visit www.ahlstrom.com
RO sanitation system wins Oxford University Prize
A
water transport, sanitation and storage device, with the potential of providing uncontaminated water to millions of people, has won the 2007 Oxford University 21st Century Challenge Competition. The £35 000 cash prize went to Red Button Design for its Reverse Osmosis Sanitation System (ROSS). The ROSS system allows its users to collect water from the nearest source and sanitise it for drinking and bathing use. The user rolls the ROSS unit to the water source and fills the 50 litre tank. The water passes into the unit through a prefilter and then as the device is rolled back to the point of water usage, the rotation of the wheels drives a gear set which moves a filtration membrane through which the water passes and contaminants are removed. Red Button Design is a Glasgow, UKbased speculative design company founded by University of Glasgow students James Brown, Amanda Jones and Nicky Pang. They are currently bringing the ROSS to market. The 21st Century Challenge is designed to encourage commercial solutions to help solve the major social and environmental challenges of the 21st Century.
For further information, visit www.thisisredbutton. co.uk and www.sbs.ox.ac.uk/21challenge
Fluxxion recognised as technology pioneer
F
luxxion BV is one of 39 companies selected as 2008 Technology Pioneers by the World Economic Forum (WEF). The Technology Pioneers were nominated by technology experts, including venture capitalists, technology companies, academics and media. The final selection from 273 nominees was made by a panel of technology experts appointed by the WEF Technology Pioneers 2008 are invited to participate in
the 2008 WEF Annual Meeting which will be held in Davos, Switzerland, from 23–27 January and in the Annual Meeting of the New Champions in Tianjin, China from 25–27 September 2008. Fluxxion’s microsieve filtration technology is applied to liquid and gas filtration, and is based on semiconductor technology and a license from the original inventor Cees van Rijn. Apart from the special sub micron sieves, Fluxxion has also developed a special high frequent backpulse mechanism to keep the filters clean during the filtration process. “It is very gratifying that our company and the capabilities of our technology are recognized by the technology experts panel. This selection will certainly support us in finding and realizing new applications, both with end users and potential business partners operating within various specialized industries worldwide,” said Thijs Bril CEO of Fluxxion. To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader – and its technology must be proven. For further infotrmation, visit www.fluxxion.com and www.weforum.org/techpioneers/2008
Noveko plans strategic acquisition in Taiwan
C
anada’s Noveko International Inc is to acquire Purer Life, a Taiwanbased manufacturer of filtration fabric. Purer Life already does business with Noveko subsidiary Noveko Inc, as a supplier of the filtration fabric used to manufacture Noveko antimicrobial air filters. Purer Life also has other major clients specializing in the air filtration industry. Purer Life is majority owned by its two founders and officers - Hung-Jen Chen and Kai-Li Huang - who have developed a patented weaving technology for the manufacture of a three-dimensional fibre. Post acquisition, the two current officers are expected to continue holding key positions within Purer Life.
For further information, visit www.noveko.com
January 2008
In Brief • Clarcor Inc has completed its previously announced acquisition of Perry Equipment Corp (Peco), a privatelyowned manufacturer of engineered filtration products and technologies for approximately US$163 million (see Filtration Industry Analyst, October 2007). Peco is based in Mineral Wells, Texas with operations in Mexico, Canada, the UK, Italy, Romania, Malaysia and China. Peco will be merged with Clarcor’s Facet operations. Its results will be included as part of Clarcor’s Industrial/Environmental Filtration segment. www.clarcor.com www.perryequipment.com • SPX Corp’s board of directors has declared a quarterly dividend of US$0.25 per common share payable on 2 January 2008, to shareholders of record on 14 December 2007. www.spx.com • As planned, Tamfelt Corp has incorporated the Group’s paper machine clothing (PMC) and filter fabric business areas, creating two new companies: Tamfelt PMC Corp and Tamfelt Filtration Corp (see Filtration Industry Analyst, November 2007). www.tamfelt.com • Effective 1 January 2008, Norit Americas Inc has increased its prices 10–15%, depending on the specific activated carbon product. All products shipped after that date will be billed at the new price, regardless of the date the order was placed. Norit cited the rising costs of energy, chemicals, coal, packaging materials and health care as well as the devaluation of the US dollar for the price increases. According to Norit, the activated carbon market is in tight supply as all suppliers strive to become more efficient, expand capacity and import carbons to meet the growing demand. www.norit-americas.com • Pentair Inc directors have recently approved a 13% increase in the company’s regular quarterly cash dividend. The new quarterly cash dividend rate US$0.17 per share - represents Pentair’s 31st consecutive annual dividend increase. www.pentair.com 4
Filtration Industry Analyst
succeed and grow in 2008 and beyond,” said president and CEO Jukka Moisio. For further information, visit www.ahlstrom.com
RO sanitation system wins Oxford University Prize
A
water transport, sanitation and storage device, with the potential of providing uncontaminated water to millions of people, has won the 2007 Oxford University 21st Century Challenge Competition. The £35 000 cash prize went to Red Button Design for its Reverse Osmosis Sanitation System (ROSS). The ROSS system allows its users to collect water from the nearest source and sanitise it for drinking and bathing use. The user rolls the ROSS unit to the water source and fills the 50 litre tank. The water passes into the unit through a prefilter and then as the device is rolled back to the point of water usage, the rotation of the wheels drives a gear set which moves a filtration membrane through which the water passes and contaminants are removed. Red Button Design is a Glasgow, UKbased speculative design company founded by University of Glasgow students James Brown, Amanda Jones and Nicky Pang. They are currently bringing the ROSS to market. The 21st Century Challenge is designed to encourage commercial solutions to help solve the major social and environmental challenges of the 21st Century.
For further information, visit www.thisisredbutton. co.uk and www.sbs.ox.ac.uk/21challenge
Fluxxion recognised as technology pioneer
F
luxxion BV is one of 39 companies selected as 2008 Technology Pioneers by the World Economic Forum (WEF). The Technology Pioneers were nominated by technology experts, including venture capitalists, technology companies, academics and media. The final selection from 273 nominees was made by a panel of technology experts appointed by the WEF Technology Pioneers 2008 are invited to participate in
the 2008 WEF Annual Meeting which will be held in Davos, Switzerland, from 23–27 January and in the Annual Meeting of the New Champions in Tianjin, China from 25–27 September 2008. Fluxxion’s microsieve filtration technology is applied to liquid and gas filtration, and is based on semiconductor technology and a license from the original inventor Cees van Rijn. Apart from the special sub micron sieves, Fluxxion has also developed a special high frequent backpulse mechanism to keep the filters clean during the filtration process. “It is very gratifying that our company and the capabilities of our technology are recognized by the technology experts panel. This selection will certainly support us in finding and realizing new applications, both with end users and potential business partners operating within various specialized industries worldwide,” said Thijs Bril CEO of Fluxxion. To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader – and its technology must be proven. For further infotrmation, visit www.fluxxion.com and www.weforum.org/techpioneers/2008
Noveko plans strategic acquisition in Taiwan
C
anada’s Noveko International Inc is to acquire Purer Life, a Taiwanbased manufacturer of filtration fabric. Purer Life already does business with Noveko subsidiary Noveko Inc, as a supplier of the filtration fabric used to manufacture Noveko antimicrobial air filters. Purer Life also has other major clients specializing in the air filtration industry. Purer Life is majority owned by its two founders and officers - Hung-Jen Chen and Kai-Li Huang - who have developed a patented weaving technology for the manufacture of a three-dimensional fibre. Post acquisition, the two current officers are expected to continue holding key positions within Purer Life.
For further information, visit www.noveko.com
January 2008