- Email: [email protected]
ClydeUnion Pumps and Bjørge sign distribution, service agreement
NEWS
Hyosung/Ebara pump joint venture terminated
H
yosung-Ebara Co Ltd (HECO), the South Korean joint venture established in 1989 between Hyosung Corp and Ebara Corp to serve the domestic custom-made pump market, has been dissolved. Ebara Corp transferred all of its HECO shares to Hyosung Corp on 31 August 2010. HECO will continue to trade under a new name without Ebara. The technical license agreements for custom-made pumps between Ebara Corp and HECO have also been terminated. The new HECO will assume all technical and/ or commercial responsibilities for the pumps and/or spare parts which have been offered, manufactured and sold by HECO. The agreement between Ebara Corp and HECO for the after-sales service of custommade pumps sold by Ebara Corp in Korea has also ended. Ebara Corp says it will continue to provide products and after-sales service to Ebara pump customers in South Korea through its global network. For further information, visit www.ebara.co.jp, www. hyosung.com and www.hyosungebara.com
Gardner Denver to relocate corporate HQ to Philadelphia area
States. Therefore, in order to improve accessibility to global customers, the company’s foreign operations, investors and a broader pool of local professional human resources, management and the board of directors concluded that relocation to a major metropolitan area was necessary to the longterm growth of the company,” said Barry Pennypacker, president and CEO of Gardner Denver. After the relocation, Gardner Denver expects to employ about 365 people in Quincy. For further information, visit www.gardnerdenver.com
16
Pump Industry Analyst
Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information
ClydeUnion Pumps and Bjørge sign distribution, service agreement
C
lydeUnion Pumps has entered into a distribution and service agreement with Bjørge Eureka AS, a subsidiary of Bjørge ASA, covering the Norwegian market. The ClydeUnion/Bjørge partnership will give ClydeUnion improved access to new projects and aftermarket opportunities in the region and to allow the company to better service its extensive installed base of pumps in the Norwegian Continental Shelf. ClydeUnion has been supplying pumping equipment to the Norwegian sector since the mid 1970s. For further information, visit www.clydeunion.com and www.bjorge.no
G
ardner Denver Inc is planning to move its global corporate headquarters to the greater Philadelphia, Pennsylvania area from Quincy, Illinois. The pump company’s corporate support services, including compliance, human resources, information technologies, accounting, treasury and transaction processing, will remain at its Quincy facility. The Industrial Products Group’s headquarters and compressor and pump manufacturing operations, also located in Quincy, will not be affected by this move. “Gardner Denver currently has over 6000 employees on six continents and approximately two-thirds of its annual revenues are to customers located outside of the United
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com
Weir promoted to FTSE 100 Index
P
ump manufacturer Weir Group plc is joining the FTSE 100 Index. The FTSE 100 Index represents the 100 biggest UK blue chip companies, accounting for 7.8% of the world’s equity market capitalisation. The move is part of the FTSE UK Index Series quarterly review. Weir was previously part of the FTSE 250 Index.
For further information, visit www.ftse.com and www.weir.co.uk
An annual subscription to Pump Industry Analyst includes 12 printed issues and online access for up to 5 users. Prices: 1120 for all European countries & Iran US$1256 for all countries except Europe and Japan ¥148 900 for Japan (Prices valid until 31 December 2010) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Printed by Mayfield Press (Oxford) LImited 02167
September 2010
Hyosung/Ebara pump joint venture terminated
H
yosung-Ebara Co Ltd (HECO), the South Korean joint venture established in 1989 between Hyosung Corp and Ebara Corp to serve the domestic custom-made pump market, has been dissolved. Ebara Corp transferred all of its HECO shares to Hyosung Corp on 31 August 2010. HECO will continue to trade under a new name without Ebara. The technical license agreements for custom-made pumps between Ebara Corp and HECO have also been terminated. The new HECO will assume all technical and/ or commercial responsibilities for the pumps and/or spare parts which have been offered, manufactured and sold by HECO. The agreement between Ebara Corp and HECO for the after-sales service of custommade pumps sold by Ebara Corp in Korea has also ended. Ebara Corp says it will continue to provide products and after-sales service to Ebara pump customers in South Korea through its global network. For further information, visit www.ebara.co.jp, www. hyosung.com and www.hyosungebara.com
Gardner Denver to relocate corporate HQ to Philadelphia area
States. Therefore, in order to improve accessibility to global customers, the company’s foreign operations, investors and a broader pool of local professional human resources, management and the board of directors concluded that relocation to a major metropolitan area was necessary to the longterm growth of the company,” said Barry Pennypacker, president and CEO of Gardner Denver. After the relocation, Gardner Denver expects to employ about 365 people in Quincy. For further information, visit www.gardnerdenver.com
16
Pump Industry Analyst
Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information
ClydeUnion Pumps and Bjørge sign distribution, service agreement
C
lydeUnion Pumps has entered into a distribution and service agreement with Bjørge Eureka AS, a subsidiary of Bjørge ASA, covering the Norwegian market. The ClydeUnion/Bjørge partnership will give ClydeUnion improved access to new projects and aftermarket opportunities in the region and to allow the company to better service its extensive installed base of pumps in the Norwegian Continental Shelf. ClydeUnion has been supplying pumping equipment to the Norwegian sector since the mid 1970s. For further information, visit www.clydeunion.com and www.bjorge.no
G
ardner Denver Inc is planning to move its global corporate headquarters to the greater Philadelphia, Pennsylvania area from Quincy, Illinois. The pump company’s corporate support services, including compliance, human resources, information technologies, accounting, treasury and transaction processing, will remain at its Quincy facility. The Industrial Products Group’s headquarters and compressor and pump manufacturing operations, also located in Quincy, will not be affected by this move. “Gardner Denver currently has over 6000 employees on six continents and approximately two-thirds of its annual revenues are to customers located outside of the United
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com
Weir promoted to FTSE 100 Index
P
ump manufacturer Weir Group plc is joining the FTSE 100 Index. The FTSE 100 Index represents the 100 biggest UK blue chip companies, accounting for 7.8% of the world’s equity market capitalisation. The move is part of the FTSE UK Index Series quarterly review. Weir was previously part of the FTSE 250 Index.
For further information, visit www.ftse.com and www.weir.co.uk
An annual subscription to Pump Industry Analyst includes 12 printed issues and online access for up to 5 users. Prices: 1120 for all European countries & Iran US$1256 for all countries except Europe and Japan ¥148 900 for Japan (Prices valid until 31 December 2010) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Printed by Mayfield Press (Oxford) LImited 02167
September 2010