- Email: [email protected]
Cooper-Standard Automotive expands alliance with Nishikawa Rubber
NEWS
IN BRIEF
John Crane Middle East FZE has launched its new Turbomachinery Group (TMG), which aims to provide customers across the region with improved support services.
In other news, the company displayed a range of products at the inaugural Middle East Turbomachinery Symposium (METS) exhibition, which was held in Doha, Qatar. Its Type 28 family of engineered gas seals was a key theme of its exhibition. These non-contacting, dry-running gas seals are designed to perform in harsh operating environments. They are used in the extraction and refining, petrochemical, gas transmission and chemical processing sectors around the world. Developed to suit a wide variety of applications, the family includes the Type 28AT, for low-pressure applications; Type 28XP and Type 28EXP, for high-pressure and extreme high-pressure applications; Type 28ST, for use with steam turbines; and Type 28VL, which is designed to be used with vaporising liquids. Contacts: John Crane Middle East FZE, PO Box 61040, Jebel Ali Free Zone, Dubai, United Arab Emirates. Tel: +971 4 8127800, Fax: +971 4 8862830, Email: [email protected] John Crane EAA, Nash Road, Trafford Park, Manchester M17 1SS, UK. Tel: +44 161 886 5993, Fax: +44 161 872 1654, Email: [email protected], Web: www.johncrane.co.uk
Cooper-Standard Automotive expands alliance with Nishikawa Rubber
C
ooper-Standard Automotive Inc of Novi, Michigan, USA, has signed a memorandum of understanding with Japan’s Nishikawa Rubber Co Ltd providing for the expansion of the existing joint-venture relationship between the two companies.
The firms are currently partners in automotive sealing product manufacturing jointventures in the USA and Mexico. They intend to broaden their relationship to create a global alliance that will enhance their ability to serve their customers worldwide. Under the memorandum of understanding, the next steps in expanding the relationship involve the sale by Nishikawa to Cooper Standard of a 20% interest in Nishikawa’s existing sealing business in Thailand and the subsequent sale by Cooper Standard to Nishikawa of a minority interest in its existing sealing business in Myslenice, Poland. The parties will also restructure their existing joint-ventures in North America. Nishikawa has acquired additional shares in the US joint-venture, returning to its original 60% majority position. Cooper Standard will increase its majority position in the joint venture in Mexico. All transactions are expected to be completed within the year. Both companies say that they will continue to operate other sealing businesses outside the framework of their global alliance. ‘The expansion of Cooper Standard’s partnership with Nishikawa Rubber Co into other regions of the world is another important step in our company’s strategic global, growth plan,’ explained Jim McElya, Chairman and Chief Executive Officer, Cooper Standard. ‘Our relationship with Nishikawa provides both partners with additional opportunities for new business and assists us in providing our customers with a comprehensive body sealing product portfolio that meets their evolving needs on a global basis.’ Contacts: Cooper-Standard Automotive Inc, 39550 Orchard Hill Place, Novi, MI 48375, USA. Tel: +1 248 596 5900, Email: [email protected], Web: www.cooperstandard.com Nishikawa Rubber Co Ltd, 2–8, Misasa-machi 2-chome, Nishi-ku, Hiroshima-shi, Japan. Tel: +81 82 237 9371, Fax: + 81 82 237 9361, Web: www.nishikawa-rbr.co.jp
Henri Azibert recognised for his contributions to the Hydraulic Institute Henri Azibert, Chief Technology Officer, A.W. Chesterton Co, has been recognised by the Hydraulic Institute (HI) for his technical leadership and contribution to the creation of ANSI/HI standards. Azibert served as a member of the committee that helped the HI take a leading position towards enabling pump industry firms to increase efficiency and productivity by using the electronic data exchange (EDE) processes outlined in ‘Electronic Data Exchange for Pumping Equipment’ (HI 50.7-2010). The Fluid Sealing Association recently appointed Azibert to its board of directors (Sealing Technology December 2011, page 7). Dana appoints new chief executive officer US-based Dana Holding Corp, which supplies sealing and drive-line products to the automotive industry, has appointed Roger Wood as its new chief executive officer (CEO) and president. In addition he will be a member of firm’s board of directors. Wood is a long-time employee of BorgWarner Inc, where he has been an executive vice president and group president, and general manager of its Engine Group. John Devine, Executive Chairman, Dana, has been serving as interim CEO, and is planning to retire at the end of June. Keith Wandell, lead independent director of Dana’s board, will then become non-executive chairman of the board. US nuclear power plant is taken off-line briefly for seal repairs In the USA, Indiana Michigan Power’s Cook Nuclear Plant Unit 1 was taken off-line during March for about six days to enable planned maintenance work to be carried out. Reports in the US press say the primary purpose of the outage was to repair the main generator hydrogen seal system. Parker Hannifin re-finances $1.5 billion credit facility Parker Hannifin Corp has re-financed its syndicated credit facility at $1.5 billion over the next five years. The firm says that the credit facility is a key component of its overall capital structure and supports the issuance of US commercial paper. ‘We believe that Parker is the first single-A-rated diversified industrial company to secure favourable credit for a five-year term during the present economic recovery period,’ commented Jon Marten, Executive Vice President – Finance and Administration, and Chief Financial Officer, Parker.
5 May 2011
Sealing Technology
IN BRIEF
John Crane Middle East FZE has launched its new Turbomachinery Group (TMG), which aims to provide customers across the region with improved support services.
In other news, the company displayed a range of products at the inaugural Middle East Turbomachinery Symposium (METS) exhibition, which was held in Doha, Qatar. Its Type 28 family of engineered gas seals was a key theme of its exhibition. These non-contacting, dry-running gas seals are designed to perform in harsh operating environments. They are used in the extraction and refining, petrochemical, gas transmission and chemical processing sectors around the world. Developed to suit a wide variety of applications, the family includes the Type 28AT, for low-pressure applications; Type 28XP and Type 28EXP, for high-pressure and extreme high-pressure applications; Type 28ST, for use with steam turbines; and Type 28VL, which is designed to be used with vaporising liquids. Contacts: John Crane Middle East FZE, PO Box 61040, Jebel Ali Free Zone, Dubai, United Arab Emirates. Tel: +971 4 8127800, Fax: +971 4 8862830, Email: [email protected] John Crane EAA, Nash Road, Trafford Park, Manchester M17 1SS, UK. Tel: +44 161 886 5993, Fax: +44 161 872 1654, Email: [email protected], Web: www.johncrane.co.uk
Cooper-Standard Automotive expands alliance with Nishikawa Rubber
C
ooper-Standard Automotive Inc of Novi, Michigan, USA, has signed a memorandum of understanding with Japan’s Nishikawa Rubber Co Ltd providing for the expansion of the existing joint-venture relationship between the two companies.
The firms are currently partners in automotive sealing product manufacturing jointventures in the USA and Mexico. They intend to broaden their relationship to create a global alliance that will enhance their ability to serve their customers worldwide. Under the memorandum of understanding, the next steps in expanding the relationship involve the sale by Nishikawa to Cooper Standard of a 20% interest in Nishikawa’s existing sealing business in Thailand and the subsequent sale by Cooper Standard to Nishikawa of a minority interest in its existing sealing business in Myslenice, Poland. The parties will also restructure their existing joint-ventures in North America. Nishikawa has acquired additional shares in the US joint-venture, returning to its original 60% majority position. Cooper Standard will increase its majority position in the joint venture in Mexico. All transactions are expected to be completed within the year. Both companies say that they will continue to operate other sealing businesses outside the framework of their global alliance. ‘The expansion of Cooper Standard’s partnership with Nishikawa Rubber Co into other regions of the world is another important step in our company’s strategic global, growth plan,’ explained Jim McElya, Chairman and Chief Executive Officer, Cooper Standard. ‘Our relationship with Nishikawa provides both partners with additional opportunities for new business and assists us in providing our customers with a comprehensive body sealing product portfolio that meets their evolving needs on a global basis.’ Contacts: Cooper-Standard Automotive Inc, 39550 Orchard Hill Place, Novi, MI 48375, USA. Tel: +1 248 596 5900, Email: [email protected], Web: www.cooperstandard.com Nishikawa Rubber Co Ltd, 2–8, Misasa-machi 2-chome, Nishi-ku, Hiroshima-shi, Japan. Tel: +81 82 237 9371, Fax: + 81 82 237 9361, Web: www.nishikawa-rbr.co.jp
Henri Azibert recognised for his contributions to the Hydraulic Institute Henri Azibert, Chief Technology Officer, A.W. Chesterton Co, has been recognised by the Hydraulic Institute (HI) for his technical leadership and contribution to the creation of ANSI/HI standards. Azibert served as a member of the committee that helped the HI take a leading position towards enabling pump industry firms to increase efficiency and productivity by using the electronic data exchange (EDE) processes outlined in ‘Electronic Data Exchange for Pumping Equipment’ (HI 50.7-2010). The Fluid Sealing Association recently appointed Azibert to its board of directors (Sealing Technology December 2011, page 7). Dana appoints new chief executive officer US-based Dana Holding Corp, which supplies sealing and drive-line products to the automotive industry, has appointed Roger Wood as its new chief executive officer (CEO) and president. In addition he will be a member of firm’s board of directors. Wood is a long-time employee of BorgWarner Inc, where he has been an executive vice president and group president, and general manager of its Engine Group. John Devine, Executive Chairman, Dana, has been serving as interim CEO, and is planning to retire at the end of June. Keith Wandell, lead independent director of Dana’s board, will then become non-executive chairman of the board. US nuclear power plant is taken off-line briefly for seal repairs In the USA, Indiana Michigan Power’s Cook Nuclear Plant Unit 1 was taken off-line during March for about six days to enable planned maintenance work to be carried out. Reports in the US press say the primary purpose of the outage was to repair the main generator hydrogen seal system. Parker Hannifin re-finances $1.5 billion credit facility Parker Hannifin Corp has re-financed its syndicated credit facility at $1.5 billion over the next five years. The firm says that the credit facility is a key component of its overall capital structure and supports the issuance of US commercial paper. ‘We believe that Parker is the first single-A-rated diversified industrial company to secure favourable credit for a five-year term during the present economic recovery period,’ commented Jon Marten, Executive Vice President – Finance and Administration, and Chief Financial Officer, Parker.
5 May 2011
Sealing Technology