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AxFlow buys in Hungary and Denmark
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USINESS
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FINANCIAL
ITT to acquire Flojet, Labrecque to retire Hot on the heels of yet another acquisition announcement by ITT Industries, the architect of the company’s world-leading pump business has announced his retirement. Dick Labrecque, president of ITT’s pump business, will step down at the end of the year, after 17 years with the company. During this time he has been responsible for building the world’s largest pump manufacturing organisation. There will be a reorganisation of the senior management of the pumps businesses with Bob Ayers appointed president of Fluid Technology and Richard Hamilton appointed president of Specialty Products. They will report to Louis Giuliano, president and chief operating officer of ITT Industries. The latest acquisition is of a Californian pump Flojet, maker with US$50 million sales and 287 employees. Flojet makes small air and electrically powered pumps for the beverage market and light industrial applications and will be closely aligned with ITT’s Jabsco business. In addition to the manufacturing plant in California, Flojet has an assembly and distribution facility in Milton Keynes, UK.
Sundstrand chooses new name Following the acquisition of Hamilton Standard by Sundstrand Corporation to create the new Hamilton Sundstrand Corp, the divisions have been striving for strong brands to identify their businesses. Sundstrand Fluid Handling has chosen to be called the Sundyne Corporation. Over 60 names were reviewed and many designs were developed, but the final choice identified the group’s strongest brand.
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WORLD PUMPS OCTOBER 1999
AxFlow buys in Hungary and Denmark Pan-European pump distributor AxFlow has added two more fluid handling distributor to its wide netwrok of companies. AxFlow’s Danish subsidiary Danax A/S has bought the fluid handling business from Berendsen PMC, Copenhagen. The product range comprises pumps, mixers, filtration equipment and flow control equipment and the acquisition makes Danax a leading distributor to the Danish process industry In Hungary AxFlow has acquired Bajck Kft in Dunaharaszti near Budapest.
Job losses as Sulzer realigns 2000 jobs are to go at Sulzer Industries, as the company takes measures to improve competitiveness and profitability. Sulzer Industries, which was formed earlier this year to combine Sulzer’s four industrial groups, plans to focus on the oil, gas and chemical industries and related markets, where strong growth is planned particularly in service businesses. CEO Fred Kindle says adequate financing is available for this growth, which mainly concerns Sulzer Roteq, Sulzer Metco and Sulzer Chemtech.The strategic realignment will be supported by a programme to improve efficiency and competitiveness across all industrial groups. Measures include reducing excess capacities, consolidating plants, divesting marginal activities, enhancing overall efficiencies and cutting procurement costs. Operationally, the realignment will involve about 2000 job cuts worldwide by the end of 2001 Almost half of these will be in Switzerland and about one third in other European locations. The associated non-recurring costs of about SFr250 million are expected to produce
annual savings of more SFrlOO million.
than
KSB concentrates manufacturing capacities KSB has announced a programme of business realignment that includes closing its Homburg/Saar factory in Germany and relocating production of new pumps from the French factory in Deville, France, to other KSB plants leaving Deville as a service location. Other measures include the sourcing in low-wage countries of products and components currently manufactured by KSB, as well as the sale of a valve stem factory in France. KSB’s -product range will not be affected by these actions and once the implementation is completed by the end of 2000, annual cost reductions of DM40 million should be achieved.
Pump test facility expanded Weir Engineering Pty has increased the capacity of its Somersby, Australia, test facility to accommodate the testing of and ancillary large pumps equipment. The existing test pit has been deepened to 6 m, and 105 m of 1200 mm diameter closed-circuit pipe run has been installed. The cooling facility was upgraded and now
The only one of its kind in Australia, this Boomtruck was required to position the 35 tonne drive motor onto the Weir SRC 1200/1400 for the first test in Weir’s new pump test facility.
USINESS
&
FINANCIAL
ITT to acquire Flojet, Labrecque to retire Hot on the heels of yet another acquisition announcement by ITT Industries, the architect of the company’s world-leading pump business has announced his retirement. Dick Labrecque, president of ITT’s pump business, will step down at the end of the year, after 17 years with the company. During this time he has been responsible for building the world’s largest pump manufacturing organisation. There will be a reorganisation of the senior management of the pumps businesses with Bob Ayers appointed president of Fluid Technology and Richard Hamilton appointed president of Specialty Products. They will report to Louis Giuliano, president and chief operating officer of ITT Industries. The latest acquisition is of a Californian pump Flojet, maker with US$50 million sales and 287 employees. Flojet makes small air and electrically powered pumps for the beverage market and light industrial applications and will be closely aligned with ITT’s Jabsco business. In addition to the manufacturing plant in California, Flojet has an assembly and distribution facility in Milton Keynes, UK.
Sundstrand chooses new name Following the acquisition of Hamilton Standard by Sundstrand Corporation to create the new Hamilton Sundstrand Corp, the divisions have been striving for strong brands to identify their businesses. Sundstrand Fluid Handling has chosen to be called the Sundyne Corporation. Over 60 names were reviewed and many designs were developed, but the final choice identified the group’s strongest brand.
-
WORLD PUMPS OCTOBER 1999
AxFlow buys in Hungary and Denmark Pan-European pump distributor AxFlow has added two more fluid handling distributor to its wide netwrok of companies. AxFlow’s Danish subsidiary Danax A/S has bought the fluid handling business from Berendsen PMC, Copenhagen. The product range comprises pumps, mixers, filtration equipment and flow control equipment and the acquisition makes Danax a leading distributor to the Danish process industry In Hungary AxFlow has acquired Bajck Kft in Dunaharaszti near Budapest.
Job losses as Sulzer realigns 2000 jobs are to go at Sulzer Industries, as the company takes measures to improve competitiveness and profitability. Sulzer Industries, which was formed earlier this year to combine Sulzer’s four industrial groups, plans to focus on the oil, gas and chemical industries and related markets, where strong growth is planned particularly in service businesses. CEO Fred Kindle says adequate financing is available for this growth, which mainly concerns Sulzer Roteq, Sulzer Metco and Sulzer Chemtech.The strategic realignment will be supported by a programme to improve efficiency and competitiveness across all industrial groups. Measures include reducing excess capacities, consolidating plants, divesting marginal activities, enhancing overall efficiencies and cutting procurement costs. Operationally, the realignment will involve about 2000 job cuts worldwide by the end of 2001 Almost half of these will be in Switzerland and about one third in other European locations. The associated non-recurring costs of about SFr250 million are expected to produce
annual savings of more SFrlOO million.
than
KSB concentrates manufacturing capacities KSB has announced a programme of business realignment that includes closing its Homburg/Saar factory in Germany and relocating production of new pumps from the French factory in Deville, France, to other KSB plants leaving Deville as a service location. Other measures include the sourcing in low-wage countries of products and components currently manufactured by KSB, as well as the sale of a valve stem factory in France. KSB’s -product range will not be affected by these actions and once the implementation is completed by the end of 2000, annual cost reductions of DM40 million should be achieved.
Pump test facility expanded Weir Engineering Pty has increased the capacity of its Somersby, Australia, test facility to accommodate the testing of and ancillary large pumps equipment. The existing test pit has been deepened to 6 m, and 105 m of 1200 mm diameter closed-circuit pipe run has been installed. The cooling facility was upgraded and now
The only one of its kind in Australia, this Boomtruck was required to position the 35 tonne drive motor onto the Weir SRC 1200/1400 for the first test in Weir’s new pump test facility.