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Cemtrex seals Advanced Industrial Services purchase
IN BRIEF/NEWS
In Brief UÊ Lanxess is planning to expand its membrane element capacity. “Our production facilities for membrane elements in Bitterfeld, Germany, are reaching the limit of their capacity. That is why we are planning a significant expansion of our capacity in the course of next year to meet rising demand,” explained Alexander Scheffler, Membrane Business director in Lanxess’s Liquid Purification Technologies (LPT) business unit. www.lanxess.com UÊ Exterran Corp has completed its spin-off from Exterran Holdings Inc and is now an independent, publicly traded company on the New York Stock Exchange. www.exterran.com UÊ Mitsubishi Hitachi Power Systems Environmental Solutions Ltd (MHPS-ES) has launched as a new company integrating the precipitator businesses of Mitsubishi Heavy Industries Mechatronics Systems Ltd (MHI-MS) and Hitachi Plant Construction Ltd (HPC) (see Filtration Industry Analyst, April and August 2015). www.es.mhps.com UÊ 7>ÌiÀÊ>`ÊÜ>ÃÌiÜ>ÌiÀÊëiV>ÃÌÊApateq has opened its first US subsidiary in the Houston, Texas area. The new company will serve the North American market, mainly with Apateq’s solutions for the treatment of fracking flowback and produced water. www.apateq.com UÊ / iÊCummins Inc board of directors has approved a new US$1 billion share repurchase program, to start upon the completion of the existing US$1 billion share repurchase program which was approved in July 2014. The new share repurchase program is consistent with Cummins’ plans to return 50% of operating cash flow to shareholders. www.cummins.com UÊ Donaldson Co Inc has awarded its Chairman’s Cup for the first fiscal quarter of 2016 to its filter manufacturing facilities in Frankfort and Monticello, Indiana, USA. Every quarter, Donaldson evaluates 20 of its manufacturing operations and distribution centres in the Americas and one operation is presented with the award. www.donaldson.com
experienced engineers will be a great addition to our team.” US Water, an Allete company, is an integrated industrial water management company headquartered in St Michael, Minnesota. The company provides integrated water management for industry, combining chemical, equipment, engineering and service for customised solutions to reduce water and energy usage and improve efficiency, and serves more than 3600 industrial customers. US Water products include filters, filter media and membranes. For further information, visit www.uswaterservices.com and www.aandwtechnologies.org
Cemtrex seals Advanced Industrial Services purchase
C
emtrex Inc has completed the acquisition of industrial services company Advanced Industrial Services Inc (AIS) and its affiliate subsidiary companies based in York, Pennsylvania, USA in a deal valued at US$7.5 million. AIS is a broad-based industrial services provider with more than 120 employees. Established in 1984, AIS offers one-source expertise and capabilities in plant and equipment erection, relocation and disassembly. The company also has experience in installing industrial air filtration equipment, similar to the equipment currently sold by Cemtrex. AIS has annual revenue of approximately US$23 million and annual normalised EBITDA of US$2.4 million. AIS will continue to operate as a wholly owned subsidiary of Cemtrex. “The completion of this acquisition represents another critical milestone for Cemtrex as we continue to grow our business and maintain a position of leadership in our industries,” said Cemtrex’s chairman and CEO Saagar Govil. The acquisition of AIS will enable Cemtrex to compete collaboratively for larger opportunities by providing contracting and installation services as part of its existing equipment sale contracts. The two companies will also be able to leverage each other’s customer portfolios for crosspollination of equipment sales and services. The deal will also support Cemtrex’s on-going efforts to grow its domestic business and diversify its revenue streams. For further information, visit www.cemtrex.com
4
Filtration Industry Analyst
Evoqua, PUB to build new desal demo plant in Singapore
E
voqua Water Technologies and Singapore’s national water agency PUB are to build a new desalination demonstration facility in Tuas, Singapore. The new plant, which will be capable of producing 500 000 gallons of desalinated seawater per day, will utilise Evoqua’s patented Nexed electrochemical desalination module technology. With support from the Singapore Economic Development Board (EDB), through the TechPioneer piloting programme. Evoqua will design and construct an adjacent one million gallon/day (feed) plant. Staged increases in flow rate will be achieved through 2017 after the first 90 m3/hr feed flow system is installed in mid-2016. “R&D is vital as we continue to ensure a sustainable water supply for the future. With rising energy costs, we are looking into ways to reduce the energy consumed during desalination. This is important as desalination will meet up to 25% of our water needs by 2060,” said Harry Seah, chief technology officer of PUB. “We are excited to collaborate with our international partners such as Evoqua in areas such as electrochemical desalting, to co-create solutions that ensure our water supply remains sustainable and affordable.” For further information, visit www.evoqua.com/nexed
Audit confirms 2014 results for OriginClear’s first acquisition
A
n independent audit of OriginClear Inc’s recently acquired subsidiary Progressive Water Treatment Inc (PWT) shows 2014 sales of US$6 075 108 and net income of US$813 747. OriginClear closed the acquisition of PWT on 1 October 2015 and was required to complete the independent audit before midDecember. The acquisition of PWT was the first
December 2015
In Brief UÊ Lanxess is planning to expand its membrane element capacity. “Our production facilities for membrane elements in Bitterfeld, Germany, are reaching the limit of their capacity. That is why we are planning a significant expansion of our capacity in the course of next year to meet rising demand,” explained Alexander Scheffler, Membrane Business director in Lanxess’s Liquid Purification Technologies (LPT) business unit. www.lanxess.com UÊ Exterran Corp has completed its spin-off from Exterran Holdings Inc and is now an independent, publicly traded company on the New York Stock Exchange. www.exterran.com UÊ Mitsubishi Hitachi Power Systems Environmental Solutions Ltd (MHPS-ES) has launched as a new company integrating the precipitator businesses of Mitsubishi Heavy Industries Mechatronics Systems Ltd (MHI-MS) and Hitachi Plant Construction Ltd (HPC) (see Filtration Industry Analyst, April and August 2015). www.es.mhps.com UÊ 7>ÌiÀÊ>`ÊÜ>ÃÌiÜ>ÌiÀÊëiV>ÃÌÊApateq has opened its first US subsidiary in the Houston, Texas area. The new company will serve the North American market, mainly with Apateq’s solutions for the treatment of fracking flowback and produced water. www.apateq.com UÊ / iÊCummins Inc board of directors has approved a new US$1 billion share repurchase program, to start upon the completion of the existing US$1 billion share repurchase program which was approved in July 2014. The new share repurchase program is consistent with Cummins’ plans to return 50% of operating cash flow to shareholders. www.cummins.com UÊ Donaldson Co Inc has awarded its Chairman’s Cup for the first fiscal quarter of 2016 to its filter manufacturing facilities in Frankfort and Monticello, Indiana, USA. Every quarter, Donaldson evaluates 20 of its manufacturing operations and distribution centres in the Americas and one operation is presented with the award. www.donaldson.com
experienced engineers will be a great addition to our team.” US Water, an Allete company, is an integrated industrial water management company headquartered in St Michael, Minnesota. The company provides integrated water management for industry, combining chemical, equipment, engineering and service for customised solutions to reduce water and energy usage and improve efficiency, and serves more than 3600 industrial customers. US Water products include filters, filter media and membranes. For further information, visit www.uswaterservices.com and www.aandwtechnologies.org
Cemtrex seals Advanced Industrial Services purchase
C
emtrex Inc has completed the acquisition of industrial services company Advanced Industrial Services Inc (AIS) and its affiliate subsidiary companies based in York, Pennsylvania, USA in a deal valued at US$7.5 million. AIS is a broad-based industrial services provider with more than 120 employees. Established in 1984, AIS offers one-source expertise and capabilities in plant and equipment erection, relocation and disassembly. The company also has experience in installing industrial air filtration equipment, similar to the equipment currently sold by Cemtrex. AIS has annual revenue of approximately US$23 million and annual normalised EBITDA of US$2.4 million. AIS will continue to operate as a wholly owned subsidiary of Cemtrex. “The completion of this acquisition represents another critical milestone for Cemtrex as we continue to grow our business and maintain a position of leadership in our industries,” said Cemtrex’s chairman and CEO Saagar Govil. The acquisition of AIS will enable Cemtrex to compete collaboratively for larger opportunities by providing contracting and installation services as part of its existing equipment sale contracts. The two companies will also be able to leverage each other’s customer portfolios for crosspollination of equipment sales and services. The deal will also support Cemtrex’s on-going efforts to grow its domestic business and diversify its revenue streams. For further information, visit www.cemtrex.com
4
Filtration Industry Analyst
Evoqua, PUB to build new desal demo plant in Singapore
E
voqua Water Technologies and Singapore’s national water agency PUB are to build a new desalination demonstration facility in Tuas, Singapore. The new plant, which will be capable of producing 500 000 gallons of desalinated seawater per day, will utilise Evoqua’s patented Nexed electrochemical desalination module technology. With support from the Singapore Economic Development Board (EDB), through the TechPioneer piloting programme. Evoqua will design and construct an adjacent one million gallon/day (feed) plant. Staged increases in flow rate will be achieved through 2017 after the first 90 m3/hr feed flow system is installed in mid-2016. “R&D is vital as we continue to ensure a sustainable water supply for the future. With rising energy costs, we are looking into ways to reduce the energy consumed during desalination. This is important as desalination will meet up to 25% of our water needs by 2060,” said Harry Seah, chief technology officer of PUB. “We are excited to collaborate with our international partners such as Evoqua in areas such as electrochemical desalting, to co-create solutions that ensure our water supply remains sustainable and affordable.” For further information, visit www.evoqua.com/nexed
Audit confirms 2014 results for OriginClear’s first acquisition
A
n independent audit of OriginClear Inc’s recently acquired subsidiary Progressive Water Treatment Inc (PWT) shows 2014 sales of US$6 075 108 and net income of US$813 747. OriginClear closed the acquisition of PWT on 1 October 2015 and was required to complete the independent audit before midDecember. The acquisition of PWT was the first
December 2015