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Dana to buy Brazilian seals maker
News The employees affected by the closure will be offered a l t e r n a t i v e j o b s a t other sites. C o n t a c t : H o e c h s t T r e v i r a GmbH & Co KG, D - 6 0 5 2 8 F r a n k f u r t a m Main, L y o n e r Stra1~e 3 8 (Niederrad), G e r m a n y . Tel: + 4 9 6 9 3 0 5 4 2 1 3 ; Fax: + 4 9 6 9 3 0 5 16318.
its position as one of the world's largest m a n u f a c t u r e r s of seals. After the official i n a u g u r a t i o n of a s u b s i d i a r y in Korea a n d of a j o i n t v e n t u r e in I n d o n e s i a in October, B u r g m a n n now h a s 31 affiliates a b r o a d . A p p r o x i m a t e l y 2150 collaborators are working worldwide for the enterprise. C o n t a c t : F e o d o r B u r g m a n n D i c h t u n g s w e r k e GmbH & Co., P o s t f a c h 1 2 4 0 , D - 8 2 5 0 2 W o l f r a t s h a u s e n , G e r m a n y . Tel: + 4 9 8 1 7 1 2 3 1 4 5 3 ; Fax: + 4 9 8 1 7 1 231095.
BW/IP funds ready for acquistions BW/IP Inc, h a s s e c u r e d a private p l a c e m e n t of 850m of fixed-rate debt securities. Proceeds will be u s e d to refinance the c o m p a n y ' s existing b a n k credit line. The borrowing carries a n i n t e r e s t r a t e of 7.15% a n d a m a t u r i t y of 10 years. The securities received the h i g h e s t credit r a t i n g for a private placement. B a n k of A m e r i c a a c t e d as agent for the p l a c e m e n t of these notes. With the p l a c e m e n t of t h e s e securities, BW/IP s a y s it h a s r e a l i g n e d its debt s t r u c t u r e to give more flexibility. It now h a s a p p r o x i m a t e l y $125m available to r e s p o n d quickly to a c q u i s i t i o n o p p o r t u n i t i e s t h a t will b u i l d value in the b u s i n e s s . C o n t a c t : B W / I P I n c . , 2 0 0 O c e a n g a t e Boulevard, S u i t e 9 0 0 , Long B e a c h , California 9 0 8 0 2 , USA. Tel: +1 3 1 0 4 3 5 3 7 0 0 ; Fax: +1 3 1 0 4 3 6 7 2 0 3 .
BurgiIlann strengthens position in China A new j o i n t v e n t u r e w a s founded in October by Feodor B u r g m a n n in D a l i a n with its Chinese partner, the Dalian Acid Proof Plant (DAPP). Besides the s u b s i d i a r y in S h a n g h a i , this is the s e c o n d Chinese v e n t u r e for B u r g m a n n . B u r g m a n n D a l i a n Ltd is e s t a b l i s h e d in the h a r b o u r town of Dalian, on the N o r t h - E a s t coast. B u r g m a n n h a s invested approx, two million DM of its 51% s h a r e in the j o i n t venture, while 49% goes to the D a l i a n Acid Proof Plant, one of the five leading p u m p m a n u f a c t u r e r s in China. Like B u r g m a n n , DAPP h a s a w i d e - r a n g i n g sales network. The newly e s t a b l i s h e d e n t e r p r i s e emP21oys a staff of 200 on p r e m i s e s covering 4500 m . B u r g m a n n Dalian Ltd e e n t r e s on the p r o d u c t i o n , d i s t r i b u t i o n a n d servicing of m e c h a n i c a l s e a l s for the chinese m a r k e t . The c o m p a n y director is S u n Yu Min. B u r g m a n n h a s m a d e big p l a n s for the m a r k e t which is e s t i m a t e d at approx. 1230 million DM: with 300 employees, i n c l u d i n g the S h a n g h a i j o i n t venture, B u r g m a n n h o p e s the firm will b e c o m e the m a r k e t l e a d e r for m e c h a n i c a l seals in China, a n d s t r e n g t h e n
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Dana to buy Brazilian seals maker D a n a Corporation's Brazilian affiliate, D a n a I n d u s t r i e s Ltda., h a s agreed to acquire the a s s e t s of I n d u s t r i a s Orlando S t e v a u x Ltd., a Brazilian m a n u f a c t u r e r of g a s k e t s a n d oil seals. According to C h u c k McNamara, p r e s i d e n t of D a n a ' s Sealing P r o d u c t s Group, the a c q u i s i t i o n provides D a n a with an o p p o r t u n i t y to e n t e r the Mercosur sealing p r o d u c t s m a r k e t p l a c e , which includes Argentina, Brazil, P a r a g u a y a n d Uruguay. Mr McNamara said the move is c o n s i s t e n t with D a n a ' s global growth strategy, which h a s s e e n it grow its core b u s i n e s s e s - - axles, driveshafts, s t r u c t u r a l c o m p o n e n t s , sealing p r o d u c t s a n d filters - - a b r o a d . D a n a believes the acquisition will provide g r e a t e r capabilities for serving the growing S o u t h American m a r k e t . C o n t a c t : Dana C o r p o r a t i o n , PO B o x I 0 0 0 , T o l e d o , Ohio 4 3 6 9 7 , USA. Tel: +1 4 1 9 5 3 5 4 5 0 0 ; Fax: +1 419 535 4643.
Memry wins order for shape m e m o r y seals Memry of Brookfield, USA, h a s a n n o u n c e d the receipt of a m a j o r commercial order for the s u p p l y of s h a p e m e m o r y sealing devices to be u s e d by Diesel Technology Co. in the m a n u f a c t u r e of its high p r e s s u r e diesel fuel injectors. Originally developed by Memry's C o n n e c t i c u t operation in a s s o c i a t i o n with Diesel Technology, the commercialization effort h a s b e e n u n d e r t a k e n by Memry's recently acquired California o p e r a t i o n a n d is being sold a n d serviced by R a y c h e m Corp's Electronics Division, Memry's new private
Sealing Technology No. 36
its position as one of the world's largest m a n u f a c t u r e r s of seals. After the official i n a u g u r a t i o n of a s u b s i d i a r y in Korea a n d of a j o i n t v e n t u r e in I n d o n e s i a in October, B u r g m a n n now h a s 31 affiliates a b r o a d . A p p r o x i m a t e l y 2150 collaborators are working worldwide for the enterprise. C o n t a c t : F e o d o r B u r g m a n n D i c h t u n g s w e r k e GmbH & Co., P o s t f a c h 1 2 4 0 , D - 8 2 5 0 2 W o l f r a t s h a u s e n , G e r m a n y . Tel: + 4 9 8 1 7 1 2 3 1 4 5 3 ; Fax: + 4 9 8 1 7 1 231095.
BW/IP funds ready for acquistions BW/IP Inc, h a s s e c u r e d a private p l a c e m e n t of 850m of fixed-rate debt securities. Proceeds will be u s e d to refinance the c o m p a n y ' s existing b a n k credit line. The borrowing carries a n i n t e r e s t r a t e of 7.15% a n d a m a t u r i t y of 10 years. The securities received the h i g h e s t credit r a t i n g for a private placement. B a n k of A m e r i c a a c t e d as agent for the p l a c e m e n t of these notes. With the p l a c e m e n t of t h e s e securities, BW/IP s a y s it h a s r e a l i g n e d its debt s t r u c t u r e to give more flexibility. It now h a s a p p r o x i m a t e l y $125m available to r e s p o n d quickly to a c q u i s i t i o n o p p o r t u n i t i e s t h a t will b u i l d value in the b u s i n e s s . C o n t a c t : B W / I P I n c . , 2 0 0 O c e a n g a t e Boulevard, S u i t e 9 0 0 , Long B e a c h , California 9 0 8 0 2 , USA. Tel: +1 3 1 0 4 3 5 3 7 0 0 ; Fax: +1 3 1 0 4 3 6 7 2 0 3 .
BurgiIlann strengthens position in China A new j o i n t v e n t u r e w a s founded in October by Feodor B u r g m a n n in D a l i a n with its Chinese partner, the Dalian Acid Proof Plant (DAPP). Besides the s u b s i d i a r y in S h a n g h a i , this is the s e c o n d Chinese v e n t u r e for B u r g m a n n . B u r g m a n n D a l i a n Ltd is e s t a b l i s h e d in the h a r b o u r town of Dalian, on the N o r t h - E a s t coast. B u r g m a n n h a s invested approx, two million DM of its 51% s h a r e in the j o i n t venture, while 49% goes to the D a l i a n Acid Proof Plant, one of the five leading p u m p m a n u f a c t u r e r s in China. Like B u r g m a n n , DAPP h a s a w i d e - r a n g i n g sales network. The newly e s t a b l i s h e d e n t e r p r i s e emP21oys a staff of 200 on p r e m i s e s covering 4500 m . B u r g m a n n Dalian Ltd e e n t r e s on the p r o d u c t i o n , d i s t r i b u t i o n a n d servicing of m e c h a n i c a l s e a l s for the chinese m a r k e t . The c o m p a n y director is S u n Yu Min. B u r g m a n n h a s m a d e big p l a n s for the m a r k e t which is e s t i m a t e d at approx. 1230 million DM: with 300 employees, i n c l u d i n g the S h a n g h a i j o i n t venture, B u r g m a n n h o p e s the firm will b e c o m e the m a r k e t l e a d e r for m e c h a n i c a l seals in China, a n d s t r e n g t h e n
2
Dana to buy Brazilian seals maker D a n a Corporation's Brazilian affiliate, D a n a I n d u s t r i e s Ltda., h a s agreed to acquire the a s s e t s of I n d u s t r i a s Orlando S t e v a u x Ltd., a Brazilian m a n u f a c t u r e r of g a s k e t s a n d oil seals. According to C h u c k McNamara, p r e s i d e n t of D a n a ' s Sealing P r o d u c t s Group, the a c q u i s i t i o n provides D a n a with an o p p o r t u n i t y to e n t e r the Mercosur sealing p r o d u c t s m a r k e t p l a c e , which includes Argentina, Brazil, P a r a g u a y a n d Uruguay. Mr McNamara said the move is c o n s i s t e n t with D a n a ' s global growth strategy, which h a s s e e n it grow its core b u s i n e s s e s - - axles, driveshafts, s t r u c t u r a l c o m p o n e n t s , sealing p r o d u c t s a n d filters - - a b r o a d . D a n a believes the acquisition will provide g r e a t e r capabilities for serving the growing S o u t h American m a r k e t . C o n t a c t : Dana C o r p o r a t i o n , PO B o x I 0 0 0 , T o l e d o , Ohio 4 3 6 9 7 , USA. Tel: +1 4 1 9 5 3 5 4 5 0 0 ; Fax: +1 419 535 4643.
Memry wins order for shape m e m o r y seals Memry of Brookfield, USA, h a s a n n o u n c e d the receipt of a m a j o r commercial order for the s u p p l y of s h a p e m e m o r y sealing devices to be u s e d by Diesel Technology Co. in the m a n u f a c t u r e of its high p r e s s u r e diesel fuel injectors. Originally developed by Memry's C o n n e c t i c u t operation in a s s o c i a t i o n with Diesel Technology, the commercialization effort h a s b e e n u n d e r t a k e n by Memry's recently acquired California o p e r a t i o n a n d is being sold a n d serviced by R a y c h e m Corp's Electronics Division, Memry's new private
Sealing Technology No. 36