GLV cuts jobs and costs at Pulp and Paper Group

INDEX/NEWS

Filtration Company Index Advanced Hydro

14

Hamworthy

4

Ageratec

6

Hans Huber

6

Ahlstrom

3,12,14,15

AJM Environmental Services

5

Albany Filtration Technologies Alfa Laval

6 4,6,14,15

All Filtration Technologies Australia

Hi-Tech Ceramics

3

Huber DeWaTec

6

Hyflux

4

Indufil

5

ITT

3,4,12,15,16

John Crane

5

6

Kaydon

15

Amiad

1,12,15

Keddeg

2

Andritz

14

Krebs

6

12

Kubota

14

Anhydro Applied Nanoscience Aquatech

3 13

KX Technologies

6

Läckeby Water

5

Aqua-Tech Engineering 5

Larox

Arboga-Darenth

Larox Sucursal

3

LMC West

5

6

Asahi Kasei

15

2,14,15,16

Atlas Copco

6

Lydall

Berkshire Hathaway

6

3M

6

Marmon Holdings

BioProcess Biorem

7,13

11,15 15

Met-Pro Metso

14

MFRI

15

Cantel Medical

15

Millipore

12,15

Ceco Environmental

MonLan

6

5,8,15

Nederman

6

Chemitreat

5

Christ

9,14

Clarcor

2,4,6,14,15

Crane Crown Andersen Cummins

15 13

Pall

15

15

Parker Hannifin

8,15

Peerless

6,12

14

Donaldson

5,10,15 6

Dow Water Solutions

6

Nitto Denko Noveko

Dantherm Dorr-Oliver Eimco

Nitram Energy

15 2,15

Pentair

1,4,14,15

PMFG

11,12,15

Pneumapress

6

12

Polypore

DuPont

15

Porvair

Eaton

15

Prab

6

15 6,15

Ecodyne

6

Precisionaire

6

Ecolab

5

Prime Water

5

Ecovation

5

PTF Engineering

EcoWater Systems

6

Puradyn

Entegris

15

Envirodyne Epure Esco Technologies

Sartorius

5

Schroeder

14,15

Fedders

15

Fiberweb

5,15

Fisher-Klosterman

5

Flanders

6,15

FLSmidth

6,13,14,15

Fluidcon Jaya

6

Freudenberg Nonwovens

5

Gamma Holding

4,14,15

GE

15

GE Healthcare GEA

6 14,15

Genoil GLV

3 2,5,15

Graver Technologies GUD Holdings

6 15

H2O Innovation 3,6,10,15

2

5 15

QuantumSphere

6

14 14,15 14

Seychelle Environmental Siemens

15

SPX

Larox establishes subsidiary in Russia

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arox has received a business license to start a subsidiary operation in Russia. OOO Larox, which will be located south of Moscow, will look after the company’s after-market services in Russia. It will include a local spare-parts stock and employ mainly customer support engineers. “Russia is an important market for Larox and the establishment of a subsidiary supports our growth strategy. Our aim is to better serve our current and future customers in Russia. Delivery times will shorten thanks to the local spare-parts stock. Better level of customer service will also strengthen our new equipment sales in Russia,” said Juhana Ylikojola, Larox vice president, service. For further information, visit www.larox.com

5 15

Stella-Meta

5

Superior Fibers

6

Tamfelt

14

Toray

15

Toray Membrane USA 12 Uponor

6

Vestergaard Frandsen

5

Wastewater Technology

6

WaterChef

15

Watts Water

15 6

Xenosep Technologies 14

Filtration Industry Analyst

For further information, visit www.keddeg.com and www.clarcor.com

5,13,15

Spasciani Air Filter

Whatman

larcor Inc has acquired Keddeg Co, a privately-owned manufacturer of aviation filtration products based in Lenexa, Kansas, USA. Keddeg will operate as a member of Clarcor’s Purolator Advanced Filtration Group which is part of Clarcor’s Industrial/ Environmental Filtration segment. Keddeg has operated for more than 20 years as a supplier of cabin air filters, anti-microbial filters, electronic equipment cooling filters and coalescers to aircraft manufacturers and airlines.

6

6

BWT

C

13,15

14

Burgess-Manning

Clarcor adds Keddeg to Purolator portfolio

Further job losses at Cummins

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ummins Inc is to reduce its permanent professional workforce worldwide by at least 800 by the end of February and freeze salaries for the year, in response to the worsening global economic crisis and its impact on the company’s markets and sales. This is Cummins’ second round of job cuts. Together with the job cuts late last year,

the company will have reduced its professional workforce by more than 1400 people or 10% (see Filtration Industry Analyst, December 2008). In addition, Cummins will have reduced its hourly workforce by more than 600 and cut approximately 2500 contingent workers. As part of these latest reductions, the company will offer a second voluntary retirement package to certain active professional employees in the US. The remainder of the reductions will result from involuntary terminations from Cummins’ operations around the world. The company will also reduce the salaries of its officers by 10% for 2009. Cummins says that it will continue to monitor production volumes at individual manufacturing plants and take whatever actions are necessary as dictated by customer demand for its products. “It is unfortunate that after five straight years of record performance and greatly improved business fundamentals we are being forced to take these difficult actions,” said Tim Solso, Cummins chairman and CEO. “While these steps are very painful, they are necessary to keep Cummins competitive through this global recession so we can emerge a stronger company when the economy and our markets recover.” For further information, visit www.cummins.com

GLV cuts jobs and costs at Pulp and Paper Group

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orty five jobs are to go at GLV Inc’s Pulp and Paper Group operations in North America and Europe, as the company reduces its operating costs in response to the global economic downturn. The job losses represent approximately 6% of the Pulp and Paper Group’s total number of employees. The job cuts will allow the Pulp and Paper Group to reduce its operating costs by C$5.5 million annually, but will result in non-recurring restructuring costs of C$2.5 million–C$3.0 million, which will be recorded in the third and fourth quarters of fiscal year 2009. GLV says that the current economic uncertainty is leading pulp and paper producers to postpone their large investment projects for new infrastructures. “This situation has started

January 2009

NEWS/IN BRIEF to slow down the Pulp and Paper Group’s order bookings in relation to new equipment projects, which is why we decided to immediately proceed with a streamlining of its North American and European organization,” explained Richard Verreault, president and chief operating officer of GLV. Verreault said that the measures taken also provide for a stronger focus of its business development efforts in the aftermarket, where demand remains solid. “We are confident that the group will continue to perform well in the aftermarket, especially since it recently set up a European business model similar to the one that has proven successful in North America for several years,” added Verreault.

program for an indefinite period of time. Since announcing the program in October 2006, ITT has purchased approximately US$431 million of outstanding common stock. Prior to this extension, the program was set to expire in November 2009. “During these volatile times, we intend to remain focused on preserving liquidity,” said Denise Ramos, senior vice president and chief financial officer, ITT. “The extension of the repurchase program, coupled with ITT’s strong free cash flow generation, gives us the flexibility to continue improving our net debt position, while maintaining strategic investments in our long-term growth.”

For further information, visit www.glv.com

For further information, visit www.itt.com

Temporary layoffs likely at Ahlstrom filtration facility

Genoil enters licensing, manufacturing agreement with Korean manufacturer

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hlstrom Corp has started negotiations with personnel representatives in Tampere, Finland, which may lead to temporary layoffs for approximately 60 people. The Tampere plant produces filtration materials, and employs 60 people. The move is part of restructuring measures across the group which could include plant closures in Italy and temporary and permanent layoffs worldwide. The restructuring measures are in response to weakening demand. According to preliminary information, Ahlstrom’s full year operating profit for 2008 will be approximately 40 million, down from 68 million in 2007 excluding non-recurring items. Net sales in 2008 are estimated at 1800 million, up from 1761 million in 2007. Ahlstrom will publish its 2008 results on 5 February 2009. For further information, visit www.ahlstrom.com

ITT extends share repurchase program

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TT Corp’s board of directors has approved an extension of the company’s US$1 billion share repurchase

January 2009

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outh Korea’s DongHwa Entec Co Ltd will license, for a five year period, Genoil Inc’s bilge water separation technology for ships, industrial fields and off-shore rigs manufactured or retrofitted in Korea, China and Japan. Additionally, DongHwa will also build the Genoil bilge water separator units for sale by Genoil. DongHwa is a major manufacturer of heat exchangers and related multi-stage water generators for a number of industries including marine. David Lifschultz, Genoil’s chairman and CEO, said they were very pleased to be working with DongHwa as a marketing and manufacturing partner. “DongHwa accounts for the majority of all marine heat exchangers used in ships. For example, in both Korea and China they account for 70% of the shipping industry’s heat exchangers and in Japan that rate is 60%. This bodes well for us as DongHwa is positioned to use its leverage to book bilge cleaner sales,” said Lifschultz. He described the DongHwa agreement as an important milestone in the evolution of Genoil.

For further information, visit www.genoil.net and www.dh.co.kr

In Brief • Larox Sucursal Peru has received the Antamina Award from the Peruvian mining company Compania Minera Antamina SA. The award acknowledges Larox’s performance excellence and strategic partnership during 2008. Larox has been supplying filtration solutions to Antamina for many years. www.larox.com • Cookson Group plc has completed the disposal of its Hi-Tech Ceramic filters business to companies owned by Süd-Chemie AG (see Filtration Industry Analyst, November 2008). The Hi-Tech business had revenues of approximately £5 million and trading profit of approximately £1 million in the six month period to 30 June 2008. www.cooksongroup.co.uk and www. sud-chemie.com • Richard Hoel has increased his participation in H2O Innovation Inc. Hoel, a director of the company, has acquired an additional 1 263 886 common shares in H2O Innovation, bringing his stake to 12.43%. www.h2oinnovation.com • Forbes.com has named ITT Corp to its list of “America’s Best Managed Companies” for 2008, and awarded the company the top spot in the Conglomerates category. ITT was also included on Forbes’ list of the “400 Best Big Companies in America,” the company’s ninth appearance on the list. www.forbes.com and www.itt.com • The board of directors of Applied Nanoscience Inc (ANI), a nanotechnology-based filtration development company, has extended the expiration date on all of the company’s common stock purchase warrants, which were due to expire on 31 December 2008, to 30 June 2009. The 6 242 874 warrants were authorized to be reduced to an exercise price of US$0.10. ANI markets and develops nanotechnology-based filtration products and is the owner of the NEFT (Nanoparticle Enhanced Filtration Technology) platform. www.appliednanoscience.com

Filtration Industry Analyst

3