- Email: [email protected]
GE Oil & Gas expands services facility in Egypt
NEWS/DIVIDENDS Conwed expects that this new sales office will better serve existing customers and new prospects all over Asia. “Filtration is an area of exponential growth and we have experienced increasing demand for our netting portfolio in Asia. Our new sales office in China will help us have a foot on the ground, understand the needs of the market better and collaborate closely with prospects all over Asia,” said Frank Theunissen, sales director for Europe and Asia at Conwed. Conwed manufactures a broad netting portfolio for filtration applications. In addition to filtration, Conwed netting is used in hundreds of industrial and consumer products worldwide. “Building a Conwed team in Asia will certainly help us be closer to our customer base and act more rapidly to new product development projects,” added Theunissen. For further information, visit www.conwedplastics.com/cn
AquaVenture seals Peruvian acquisition
A
quaVenture Holdings Ltd’s Seven Seas Water business has completed the acquisition of Aguas de Bayovar SAC (ADB) and all of the rights and obligations under a design and construction contract for a desalination plant and related infrastructure located in Peru. ADB supplies seawater and desalinated process water to Compañía Minera Miski Mayo SRL (CMMM), which uses the water to operate its Bayovar phosphate mine. The mine is located in North Western Peru approximately 600 miles north of Lima. ADB has the capacity to deliver over 7.9 million gallons per day (GPD) (30 000 m3/d) of seawater to the mine via a 24 mile (39 km) pipeline and 2.7 million GPD (10 400 m3/d) of desalinated process water from a seawater reverse osmosis (SWRO) facility located at the mine site. Seven Seas Water plans to improve the operating efficiency of the desalination plant, which is expected to lower costs, increase reliability, and provide higher minimum supply volumes to CMMM. This is Seven Seas Water’s second desalination plant in South America. The acquisition expands the company’s base of
November 2016
facilities that provide Water-as-a-Service (WAAS) solutions to its customers. The aggregate purchase price for the acquisition was approximately US$46 million in cash. Doug Brown, chairman and CEO of AquaVenture Holdings, said: “As we expand operations to service the mining industry in South America, we believe that our expertise in offering WAAS will greatly contribute to increasing production and capital efficiency in mining. We have had great success providing purified water to our industrial and municipal clients since 2007, and we are confident in our ability to provide the same level of service to the mining sector.” Seven Seas Water was advised by BNP Paribas, Goodwin Procter LLP, and Estudio Muniz in Lima, Peru. For further information, visit www.aquaventure.com
GE Oil & Gas expands services facility in Egypt
G
E Oil & Gas is adding an extra 2000 sq m to its 3000 sq m services facility in Egypt’s industrial free zone. The expanded facility, which should be fully operational by mid-2017, will handle the assembly, disassembly, repair, maintenance and testing for GE Oil & Gas upstream products. Employing more than 100 people, the facility will also include a training centre for GE customers and employees. “By creating the right investment environment, GE is now able to expand its operations and investment in the free zone which will support Egypt industrially and economically,” said Mohamed Khodair, chairman of the General Authority for Investment and Free Zones (GAFI). Ayman Khattab, president and CEO of GE North East Africa, said: “We are honoured to continue our partnership with GAFI and for their constant support to help us expand our footprint in Egypt. With the expansion of our GE Oil & Gas services facility, we continue our localization efforts in country to build local know-how, create jobs and support industrial and economic growth.”
Dividends • Donaldson Co Inc will pay its next regular cash dividend of US$0.175 per share on 21 December 2016, to shareholders of record on 6 December 2016. The filter company has paid a cash dividend every quarter for the past 61 years. www.donaldson.com • CECO Environmental Corp’s board of directors has approved a quarterly dividend of US$0.066 per share. The dividend will be paid on 30 December 2016 to all stockholders of record on 16 December 2016. www.cecoenviro.com • Japan’s Yamashin-Filter Corp plans to pay a ¥5 per share interim dividend and has revised its year-end forecast to ¥7 per share. As a result, the annual dividend will be ¥12 per share, and the consolidated dividend payout ratio will be 32.2% for the fiscal year ending 31 March 2017. www.yamashin-filter.co.jp • The Neenah Paper Inc board has declared a regular quarterly cash dividend of US$0.33 per share on the company’s common stock, which will be payable on 2 December 2016 to stockholders of record on 11 November 2016. www.neenah.com • The 3M board has announced a dividend on the company’s common stock of US$1.11 per share for the fourth quarter of 2016, payable on 12 December 2016, to shareholders of record on 18 November 2016. 3M has paid dividends to its shareholders without interruption for 100 years. www.3M.com • ESCO Technologies Inc will distribute a quarterly cash dividend of US$0.08 per share on 19 January 2017 to stockholders of record on 4 January 2017. www.escotechnologies.com • Calgon Carbon’s board has authorised a quarterly cash dividend of US$0.05 per share, payable on 15 December 2016, to shareholders of record on 5 December 2016. www.calgoncarbon.com • Cabot Corp’s quarterly dividend of US$0.30 per share on all outstanding shares of the corporation’s common stock is payable on 9 December 2016, to stockholders of record on 25 November 2016. www.cabotcorp.com
For further information, visit www.geoilandgas.com
Filtration Industry Analyst
5
AquaVenture seals Peruvian acquisition
A
quaVenture Holdings Ltd’s Seven Seas Water business has completed the acquisition of Aguas de Bayovar SAC (ADB) and all of the rights and obligations under a design and construction contract for a desalination plant and related infrastructure located in Peru. ADB supplies seawater and desalinated process water to Compañía Minera Miski Mayo SRL (CMMM), which uses the water to operate its Bayovar phosphate mine. The mine is located in North Western Peru approximately 600 miles north of Lima. ADB has the capacity to deliver over 7.9 million gallons per day (GPD) (30 000 m3/d) of seawater to the mine via a 24 mile (39 km) pipeline and 2.7 million GPD (10 400 m3/d) of desalinated process water from a seawater reverse osmosis (SWRO) facility located at the mine site. Seven Seas Water plans to improve the operating efficiency of the desalination plant, which is expected to lower costs, increase reliability, and provide higher minimum supply volumes to CMMM. This is Seven Seas Water’s second desalination plant in South America. The acquisition expands the company’s base of
November 2016
facilities that provide Water-as-a-Service (WAAS) solutions to its customers. The aggregate purchase price for the acquisition was approximately US$46 million in cash. Doug Brown, chairman and CEO of AquaVenture Holdings, said: “As we expand operations to service the mining industry in South America, we believe that our expertise in offering WAAS will greatly contribute to increasing production and capital efficiency in mining. We have had great success providing purified water to our industrial and municipal clients since 2007, and we are confident in our ability to provide the same level of service to the mining sector.” Seven Seas Water was advised by BNP Paribas, Goodwin Procter LLP, and Estudio Muniz in Lima, Peru. For further information, visit www.aquaventure.com
GE Oil & Gas expands services facility in Egypt
G
E Oil & Gas is adding an extra 2000 sq m to its 3000 sq m services facility in Egypt’s industrial free zone. The expanded facility, which should be fully operational by mid-2017, will handle the assembly, disassembly, repair, maintenance and testing for GE Oil & Gas upstream products. Employing more than 100 people, the facility will also include a training centre for GE customers and employees. “By creating the right investment environment, GE is now able to expand its operations and investment in the free zone which will support Egypt industrially and economically,” said Mohamed Khodair, chairman of the General Authority for Investment and Free Zones (GAFI). Ayman Khattab, president and CEO of GE North East Africa, said: “We are honoured to continue our partnership with GAFI and for their constant support to help us expand our footprint in Egypt. With the expansion of our GE Oil & Gas services facility, we continue our localization efforts in country to build local know-how, create jobs and support industrial and economic growth.”
Dividends • Donaldson Co Inc will pay its next regular cash dividend of US$0.175 per share on 21 December 2016, to shareholders of record on 6 December 2016. The filter company has paid a cash dividend every quarter for the past 61 years. www.donaldson.com • CECO Environmental Corp’s board of directors has approved a quarterly dividend of US$0.066 per share. The dividend will be paid on 30 December 2016 to all stockholders of record on 16 December 2016. www.cecoenviro.com • Japan’s Yamashin-Filter Corp plans to pay a ¥5 per share interim dividend and has revised its year-end forecast to ¥7 per share. As a result, the annual dividend will be ¥12 per share, and the consolidated dividend payout ratio will be 32.2% for the fiscal year ending 31 March 2017. www.yamashin-filter.co.jp • The Neenah Paper Inc board has declared a regular quarterly cash dividend of US$0.33 per share on the company’s common stock, which will be payable on 2 December 2016 to stockholders of record on 11 November 2016. www.neenah.com • The 3M board has announced a dividend on the company’s common stock of US$1.11 per share for the fourth quarter of 2016, payable on 12 December 2016, to shareholders of record on 18 November 2016. 3M has paid dividends to its shareholders without interruption for 100 years. www.3M.com • ESCO Technologies Inc will distribute a quarterly cash dividend of US$0.08 per share on 19 January 2017 to stockholders of record on 4 January 2017. www.escotechnologies.com • Calgon Carbon’s board has authorised a quarterly cash dividend of US$0.05 per share, payable on 15 December 2016, to shareholders of record on 5 December 2016. www.calgoncarbon.com • Cabot Corp’s quarterly dividend of US$0.30 per share on all outstanding shares of the corporation’s common stock is payable on 9 December 2016, to stockholders of record on 25 November 2016. www.cabotcorp.com
For further information, visit www.geoilandgas.com
Filtration Industry Analyst
5