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FLSmidth seals Ludowici acquisition
DIVIDENDS/NEWS
Dividends UÊ / iÊ Cummins Inc board of directors has approved a 25% increase in the company’s quarterly cash dividend on its common stock to US$0.50 per share from US$0.40 per share. The dividend is payable on 1 September 2012 to Cummins shareholders of record on 22 August 2012. Cummins chairman and CEO Tom Linebarger said that the dividend increase reinforces their confidence in the long-term prospects for the company. “With strong cash flow and low levels of debt we are able to fund investments in our future growth and increase dividends to shareholders,” said Linebarger. www.cummins.com UÊ Met-Pro Corp will pay a quarterly dividend of US$0.071 per share on 14 September 2012 to shareholders of record on 31 August 2012. This is the 21st consecutive year that the filter and pump manufacturer has paid a cash dividend. www.met-pro.com UÊ ÀiVÌÀÃÊ vÊ Pentair Inc have declared a regular quarterly cash dividend of US$0.22 per share payable on 10 August 2012 to shareholders of record on 27 July 2012. www.pentair.com UÊ / iÊ Porvair plc interim dividend remains unchanged from last year at £0.01 per share. www.porvair.com UÊ Clarcor Inc paid its regular quarterly dividend of US$0.12 per share of common stock on 20 July 2012 to its shareholders of record on 6 July 2012. www.clarcor.com UÊ Cantel Medical Corp’s regular semiannual cash dividend of US$0.0467 per outstanding share of common stock will be paid to shareholders on 31 July 2012. www.cantelmedical.com UÊ Ê Ceco Environmental Corp quarterly cash dividend of US$0.035 per share was distributed on 29 June 2012 to all shareholders of record on 15 June 2012. www.cecoenviro.com UÊ Pall Corp’s quarterly US$0.21 per share dividend will be paid on 17 August 2012, to shareholders of record on 3 August 2012. www.pall.com 4
Filtration Industry Analyst
The 16 000 sq ft facility provides expanded space for administrative offices and a larger warehouse, with room to expand manufacturing capacity further. “We have expanded to support the growth of our customer base, and are now more strategically located to better serve them throughout North America,” said Jeffrey Zullo, executive vice president of Keller USA. Keller USA has operated in Naugatuck, Connecticut for the last 14 years. The company is a subsidiary of Keller Lufttechnik GmbH & Co KG, a worldwide supplier of industrial air filtration equipment to OEMs and major manufacturers within the automotive, aircraft, laser and plasma cutting industries. For further information, visit www.kellerusa.com
Sogefi doubles filter systems plant in Bangalore
A
utomotive components company Sogefi is doubling the size of its filter systems factory in Bangalore, India. The Bangalore plant is a joint venture with local partner MNR. For further information, visit www.sogefigroup.com
FLSmidth seals Ludowici acquisition
F
LSmidth has completed its acquisition of the Australian engineering and equipment supply company Ludowici Ltd (see Filtration Industry Analyst, January 2012). Ludowici specialises in coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries. The acquisition of Ludowici will allow FLSmidth to substantially complete its coal processing flow sheet and complement its copper and iron ore processing offerings. During the integration process, Ludowici will do business as FLSmidth Ludowici. For further information, visit www.flsmidth.com
UNESCO funds water desalination chair at King Saud University
S
audi Arabia’s King Saud University has established a UNESCO-funded Water Desalination Research Chair. The new chair will estimate the number and capacity of water desalination facilities needed to accommodate Saudi Arabia’s needs, assess the best locations for the facilities and recommend the necessary technology needed for an expansion. UNESCO is the United Nations Educational, Scientific and Cultural Organization.
For further information, visit http://ksu.edu.sa and www.unesco.org
Blue Water discontinues Salsnes distribution
B
lue Water Technologies Inc has terminated its distribution relationship with Salsnes Filter, allowing the company to focus on product development and expansion of its own product line. Salsnes Filter will continue to support Blue Water on projects currently in production and work to ensure a smooth transition of the product line into Salsnes Filter’s new North American operations. Blue Water is now looking to expand its equipment range for both the municipal and industrial markets. “I am excited about the various opportunities we have at hand and look forward to new product launches over the next six months,” said Arthur Brown, CEO of Blue Water. Blue Water specialises in nutrient removal technologies for municipal and industrial wastewater. The company provides a full range of wastewater treatment services, from initial project engineering to complete design-build treatment solutions. For further information, visit www.blueh2o.net and www.salnes-filter.com
July 2012
Dividends UÊ / iÊ Cummins Inc board of directors has approved a 25% increase in the company’s quarterly cash dividend on its common stock to US$0.50 per share from US$0.40 per share. The dividend is payable on 1 September 2012 to Cummins shareholders of record on 22 August 2012. Cummins chairman and CEO Tom Linebarger said that the dividend increase reinforces their confidence in the long-term prospects for the company. “With strong cash flow and low levels of debt we are able to fund investments in our future growth and increase dividends to shareholders,” said Linebarger. www.cummins.com UÊ Met-Pro Corp will pay a quarterly dividend of US$0.071 per share on 14 September 2012 to shareholders of record on 31 August 2012. This is the 21st consecutive year that the filter and pump manufacturer has paid a cash dividend. www.met-pro.com UÊ ÀiVÌÀÃÊ vÊ Pentair Inc have declared a regular quarterly cash dividend of US$0.22 per share payable on 10 August 2012 to shareholders of record on 27 July 2012. www.pentair.com UÊ / iÊ Porvair plc interim dividend remains unchanged from last year at £0.01 per share. www.porvair.com UÊ Clarcor Inc paid its regular quarterly dividend of US$0.12 per share of common stock on 20 July 2012 to its shareholders of record on 6 July 2012. www.clarcor.com UÊ Cantel Medical Corp’s regular semiannual cash dividend of US$0.0467 per outstanding share of common stock will be paid to shareholders on 31 July 2012. www.cantelmedical.com UÊ Ê Ceco Environmental Corp quarterly cash dividend of US$0.035 per share was distributed on 29 June 2012 to all shareholders of record on 15 June 2012. www.cecoenviro.com UÊ Pall Corp’s quarterly US$0.21 per share dividend will be paid on 17 August 2012, to shareholders of record on 3 August 2012. www.pall.com 4
Filtration Industry Analyst
The 16 000 sq ft facility provides expanded space for administrative offices and a larger warehouse, with room to expand manufacturing capacity further. “We have expanded to support the growth of our customer base, and are now more strategically located to better serve them throughout North America,” said Jeffrey Zullo, executive vice president of Keller USA. Keller USA has operated in Naugatuck, Connecticut for the last 14 years. The company is a subsidiary of Keller Lufttechnik GmbH & Co KG, a worldwide supplier of industrial air filtration equipment to OEMs and major manufacturers within the automotive, aircraft, laser and plasma cutting industries. For further information, visit www.kellerusa.com
Sogefi doubles filter systems plant in Bangalore
A
utomotive components company Sogefi is doubling the size of its filter systems factory in Bangalore, India. The Bangalore plant is a joint venture with local partner MNR. For further information, visit www.sogefigroup.com
FLSmidth seals Ludowici acquisition
F
LSmidth has completed its acquisition of the Australian engineering and equipment supply company Ludowici Ltd (see Filtration Industry Analyst, January 2012). Ludowici specialises in coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries. The acquisition of Ludowici will allow FLSmidth to substantially complete its coal processing flow sheet and complement its copper and iron ore processing offerings. During the integration process, Ludowici will do business as FLSmidth Ludowici. For further information, visit www.flsmidth.com
UNESCO funds water desalination chair at King Saud University
S
audi Arabia’s King Saud University has established a UNESCO-funded Water Desalination Research Chair. The new chair will estimate the number and capacity of water desalination facilities needed to accommodate Saudi Arabia’s needs, assess the best locations for the facilities and recommend the necessary technology needed for an expansion. UNESCO is the United Nations Educational, Scientific and Cultural Organization.
For further information, visit http://ksu.edu.sa and www.unesco.org
Blue Water discontinues Salsnes distribution
B
lue Water Technologies Inc has terminated its distribution relationship with Salsnes Filter, allowing the company to focus on product development and expansion of its own product line. Salsnes Filter will continue to support Blue Water on projects currently in production and work to ensure a smooth transition of the product line into Salsnes Filter’s new North American operations. Blue Water is now looking to expand its equipment range for both the municipal and industrial markets. “I am excited about the various opportunities we have at hand and look forward to new product launches over the next six months,” said Arthur Brown, CEO of Blue Water. Blue Water specialises in nutrient removal technologies for municipal and industrial wastewater. The company provides a full range of wastewater treatment services, from initial project engineering to complete design-build treatment solutions. For further information, visit www.blueh2o.net and www.salnes-filter.com
July 2012