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Daikin to acquire Japanese air filter company Nippon Muki
filtration
industryANALYST ISSN 1365-6937 September 2009
www.filtrationindustryanalyst.com
Daikin to acquire Japanese air filter company Nippon Muki
D
aikin Industries Ltd has reached a definitive agreement with Nippon Sheet Glass Co Ltd to acquire Nippon Muki Co Ltd for ¥5 billion. Nippon Muki develops and manufactures air filters for the Japanese market. Founded in 1939, Nippon Muki manufactures and sells air filter and clean room products. With headquarters in Tokyo and a manufacturing base in Ibaraki, the company has more than 300 employees and generated sales of ¥8.8 billion in the year to 31 March 2009. Daikin Industries acquired the OYL Group (including American Air Filter International) in 2007. AAF International specializes in air filters and equipment and housings for indoor, manufacturing process, power generation and environmental air needs. Founded in 1921, AAF International is headquartered
MMENT
in Louisville, Kentucky, employs approximately 2600 people and has more than 20 manufacturing facilities worldwide. For further information, visit www.nipponmuki.co.jp, www.aafintl.com, www.daikin.com and www.nsggroup.net
B
Company Profile FLSmidth
5
Gamma Holding
6
Nederman
7
Company Watch Ahlstrom
8
Biorem
8
Cummins
9
Hyflux
9
COMMENT
ITT Industries
10
Parker Hannifin
10
Currently Daikin Group and Nippon Muki have combined filter sales of more than ¥70 billion. Once the acquisition of Nippon Muki is completed, AAF, Nippon Muki and the Daikin air conditioning and chemicals businesses will be working to grow the global air filter business even further through accelerated product development and AAF’s international sales network. ■
Pentair
11
Sartorius
11
Diary
15
Bahrain companies invest in water filter manufacturing ahrain investment firms Inovest BSC and Tharawat Investment House are setting up a water filter manufacturing company. Bahrain Water Technology Co (BWTC) will produce water filter cartridges for use in the household, industrial and commercial sectors, as well as in desalination plants in the MENA (Middle East North Africa) region. The manufacturing facility will have four production lines and will deploy melt blown technology provided by the BWTC’s US technology partners. The development is in response to growing water scarcity issues in the GCC (Gulf Cooperation Council - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) and MENA regions. BWTC has an off-take agreement with buyers which will secure the sale of 50% of
Contents
the plant’s production capacity, as well as a long-term purchase agreement which enables the acquisition of raw material at favourable prices, and an agreement with international technical partners. “With recognized opportunities for regional sales due to increasing demand at a consumer, agricultural, and industrial level we look forward to seeing BWTC become a regional success story,” said Arif Mohammed Al Alawi, Tharawat chief executive officer (CEO). “The project is also socially responsible as it is a response to a dire regional need (for water) and simultaneously meets socioeconomic requirements for employment and industrial development,” added Al Alawi. For further information, visit www.tharawat.net and www.inovest.bh
Dividends
4
Exchange Rates
16
Financial Calendar
14
In Brief
3
New Product Developments
14
News Daikin to acquire Japanese air filter company Nippon Muki
1
Bahrain companies invest in water filter manufacturing
1
Israeli membrane company raises US$12mn in new round of financing
2
Toray JV membrane production facility gets underway in China
2
Larox to open subsidiary in India
2
SPX, Thermax form Indian JV
3
Severn Trent Services buys Spanish water and wastewater solutions company 3 Metso to cut Mining and Construction jobs in Finland
4
Hyflux teams up with Japanese bank on water projects 4 Nexterra and Andritz forge strategic alliance 4 400 jobs go at Cummins Filtration facility in Lake Mills, Iowa 16 Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/09 © 2009 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
industryANALYST ISSN 1365-6937 September 2009
www.filtrationindustryanalyst.com
Daikin to acquire Japanese air filter company Nippon Muki
D
aikin Industries Ltd has reached a definitive agreement with Nippon Sheet Glass Co Ltd to acquire Nippon Muki Co Ltd for ¥5 billion. Nippon Muki develops and manufactures air filters for the Japanese market. Founded in 1939, Nippon Muki manufactures and sells air filter and clean room products. With headquarters in Tokyo and a manufacturing base in Ibaraki, the company has more than 300 employees and generated sales of ¥8.8 billion in the year to 31 March 2009. Daikin Industries acquired the OYL Group (including American Air Filter International) in 2007. AAF International specializes in air filters and equipment and housings for indoor, manufacturing process, power generation and environmental air needs. Founded in 1921, AAF International is headquartered
MMENT
in Louisville, Kentucky, employs approximately 2600 people and has more than 20 manufacturing facilities worldwide. For further information, visit www.nipponmuki.co.jp, www.aafintl.com, www.daikin.com and www.nsggroup.net
B
Company Profile FLSmidth
5
Gamma Holding
6
Nederman
7
Company Watch Ahlstrom
8
Biorem
8
Cummins
9
Hyflux
9
COMMENT
ITT Industries
10
Parker Hannifin
10
Currently Daikin Group and Nippon Muki have combined filter sales of more than ¥70 billion. Once the acquisition of Nippon Muki is completed, AAF, Nippon Muki and the Daikin air conditioning and chemicals businesses will be working to grow the global air filter business even further through accelerated product development and AAF’s international sales network. ■
Pentair
11
Sartorius
11
Diary
15
Bahrain companies invest in water filter manufacturing ahrain investment firms Inovest BSC and Tharawat Investment House are setting up a water filter manufacturing company. Bahrain Water Technology Co (BWTC) will produce water filter cartridges for use in the household, industrial and commercial sectors, as well as in desalination plants in the MENA (Middle East North Africa) region. The manufacturing facility will have four production lines and will deploy melt blown technology provided by the BWTC’s US technology partners. The development is in response to growing water scarcity issues in the GCC (Gulf Cooperation Council - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) and MENA regions. BWTC has an off-take agreement with buyers which will secure the sale of 50% of
Contents
the plant’s production capacity, as well as a long-term purchase agreement which enables the acquisition of raw material at favourable prices, and an agreement with international technical partners. “With recognized opportunities for regional sales due to increasing demand at a consumer, agricultural, and industrial level we look forward to seeing BWTC become a regional success story,” said Arif Mohammed Al Alawi, Tharawat chief executive officer (CEO). “The project is also socially responsible as it is a response to a dire regional need (for water) and simultaneously meets socioeconomic requirements for employment and industrial development,” added Al Alawi. For further information, visit www.tharawat.net and www.inovest.bh
Dividends
4
Exchange Rates
16
Financial Calendar
14
In Brief
3
New Product Developments
14
News Daikin to acquire Japanese air filter company Nippon Muki
1
Bahrain companies invest in water filter manufacturing
1
Israeli membrane company raises US$12mn in new round of financing
2
Toray JV membrane production facility gets underway in China
2
Larox to open subsidiary in India
2
SPX, Thermax form Indian JV
3
Severn Trent Services buys Spanish water and wastewater solutions company 3 Metso to cut Mining and Construction jobs in Finland
4
Hyflux teams up with Japanese bank on water projects 4 Nexterra and Andritz forge strategic alliance 4 400 jobs go at Cummins Filtration facility in Lake Mills, Iowa 16 Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/09 © 2009 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.