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Gorman-Rupp seals National Pump purchase
IN BRIEF/NEWS
In Brief UÊ "ÛiÀÊ Ì iÊ «>ÃÌÊ vÛiÊ Þi>ÀÃÊ ITT Corp’s operations have reduced energy consumption by 31%, water use by 27%, hazardous waste generation by 46% and intensity of greenhouse gas emissions by 51%. ITT is targeting an additional 15% reduction in these areas over the next five years. These achievements and goals are featured in the company’s recently published 2009–2010 Global Citizenship Report. Another highlight is ITT’s corporate citizenship program, ITT Watermark, which by the end of 2010 will have provided 500 000 people with access to safe water and sanitation. The program aims to reach 1 million more people through a US$10.5 million pledge by 2013. “Our strong focus on global citizenship is vital to both our stakeholders and our longterm business strategy,” said ITT CEO Steve Loranger. www.itt.com/citizenship/report UÊ >ÛÊ À>]Ê V >À«iÀÃÊ vÊ Ì iÊ South African Pump Manufacturers Association, says that the South African pump sector has some way to go to reach its pre-recession volumes, but is expected to do so by the end of 2011. Doran believes that the South African government’s Competitive Supplier Development Programme, which is focused on developing local industry to reduce South Africa’s reliance on imported equipment, will also help to grow the local pump industry. www.exhibitionsafrica.com UÊ Patterson-UTI Energy Inc subsidiaries Universal Pressure Pumping Inc and Universal Wireline Inc have completed the acquisition of Key Energy Services Inc pressure pumping assets (see Pump Industry Analyst, July 2010). http://patenergy.com UÊ Sundyne Corp’s plant in Arvada, Colorado, USA has achieved Star status through the Voluntary Protection Program (VPP) from the US Occupational Safety and Health Administration. The VPP Star award recognises employers and workers in private industry who have implemented effective safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages. www.sundyne.com 12
Pump Industry Analyst
Sundyne acquires full control of Japanese Sundyne Nikkiso JV
S
undyne Corp and Nikkiso Co Ltd have reached an agreement that gives Sundyne 100% ownership of the Sundyne Nikkiso joint venture in Tokyo, Japan. The former Sundyne Nikkiso joint venture will now be known as Sundyne Japan. Under the new agreement, Nikkiso will continue to represent Sundyne in Japan and manufacture Sundyne pumps and compressors under licence for specific customers. “Sundyne has had a long and trusted relationship with Nikkiso. At this point in time, however, taking full control of Sundyne’s distribution and manufacturing strategy will make it easier for us to further expand throughout Asia,” said Phil Ruffner, president of Sundyne Corp. Daryl Lamy, general manager of the former joint venture, will continue to lead Sundyne Japan, with responsibility for all sales activities in the Asia region. Hideo Otsuka has been appointed deputy general manager of Sundyne Japan, replacing Katsumi Kuramochi who has decided to return to Nikkiso. “This change in ownership is an important milestone for Sundyne and its global distribution strategy. The new agreement keeps in place a long and important relationship with Nikkiso to bring valuable Sundyne products and services to the Japanese marketplace,” added Ruffner. Sundyne and Nikkiso formed the joint venture in 1975.
For further information, visit www.sundyne.com and www.nikkiso.co.jp
Gorman-Rupp seals National Pump purchase
T
he Gorman-Rupp Co has completed the previously announced acquisition of National Pump Company LLC (see Pump Industry Analyst, September 2010). National Pump designs, manufactures and distributes deep-well vertical turbine
pumps for industrial process water supply, agricultural irrigation supply and municipal water supply. National Pump also provides specialty pumps for petroleum, mining and OEM applications. Founded in 1969 and headquartered in Glendale, Arizona, National Pump had revenues of approximately US$33 million in 2009. For further information visit www.gormanrupp.com and www.nationalpumpcompany.com
Grundfos posts strong gains in interim sales and profits
D
anish pump group Grundfos has delivered turnover of E1.2 billion and a profit before tax of E103 million in the first six months of 2010. The interim Grundfos turnover is 12% up on the first six months of 2009 and is at the same level as in 2008 which was a record year for the pump manufacturer. This year, Grundfos turnover has increased in all sales regions, with particularly strong gains in India, Russia and China. Profit before tax in the first six months of 2010 reached E103 million, up from E11.5 million at the mid point last year. Grundfos Group president Carsten Bjerg said that the interim result was extremely satisfactory. “Like so many others we were hit by the financial crisis in 2009 and we lost turnover. However, we managed to gain a profit after all. The wheels are turning again, little by little, around the world but we are aware of the fact that it may be a temporary trend. Therefore we are hedging against future recessions to be strong in case [the] world economy will go down once again. This attitude ensures that we prepare ourselves for increasing business. We are accelerating product development to be able to introduce new, innovative solutions in due course,” said Bjerg. The growth and cost management efforts in the first six months of this year mean that Grundfos is now debt-free. ”We are very pleased to be masters of our own house, not having to seek financing elsewhere. This independence suits us tremendously well. Our ambition of emerging from the crisis as a strengthened company was more than satisfied. We are winning market shares and
October 2010
In Brief UÊ "ÛiÀÊ Ì iÊ «>ÃÌÊ vÛiÊ Þi>ÀÃÊ ITT Corp’s operations have reduced energy consumption by 31%, water use by 27%, hazardous waste generation by 46% and intensity of greenhouse gas emissions by 51%. ITT is targeting an additional 15% reduction in these areas over the next five years. These achievements and goals are featured in the company’s recently published 2009–2010 Global Citizenship Report. Another highlight is ITT’s corporate citizenship program, ITT Watermark, which by the end of 2010 will have provided 500 000 people with access to safe water and sanitation. The program aims to reach 1 million more people through a US$10.5 million pledge by 2013. “Our strong focus on global citizenship is vital to both our stakeholders and our longterm business strategy,” said ITT CEO Steve Loranger. www.itt.com/citizenship/report UÊ >ÛÊ À>]Ê V >À«iÀÃÊ vÊ Ì iÊ South African Pump Manufacturers Association, says that the South African pump sector has some way to go to reach its pre-recession volumes, but is expected to do so by the end of 2011. Doran believes that the South African government’s Competitive Supplier Development Programme, which is focused on developing local industry to reduce South Africa’s reliance on imported equipment, will also help to grow the local pump industry. www.exhibitionsafrica.com UÊ Patterson-UTI Energy Inc subsidiaries Universal Pressure Pumping Inc and Universal Wireline Inc have completed the acquisition of Key Energy Services Inc pressure pumping assets (see Pump Industry Analyst, July 2010). http://patenergy.com UÊ Sundyne Corp’s plant in Arvada, Colorado, USA has achieved Star status through the Voluntary Protection Program (VPP) from the US Occupational Safety and Health Administration. The VPP Star award recognises employers and workers in private industry who have implemented effective safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages. www.sundyne.com 12
Pump Industry Analyst
Sundyne acquires full control of Japanese Sundyne Nikkiso JV
S
undyne Corp and Nikkiso Co Ltd have reached an agreement that gives Sundyne 100% ownership of the Sundyne Nikkiso joint venture in Tokyo, Japan. The former Sundyne Nikkiso joint venture will now be known as Sundyne Japan. Under the new agreement, Nikkiso will continue to represent Sundyne in Japan and manufacture Sundyne pumps and compressors under licence for specific customers. “Sundyne has had a long and trusted relationship with Nikkiso. At this point in time, however, taking full control of Sundyne’s distribution and manufacturing strategy will make it easier for us to further expand throughout Asia,” said Phil Ruffner, president of Sundyne Corp. Daryl Lamy, general manager of the former joint venture, will continue to lead Sundyne Japan, with responsibility for all sales activities in the Asia region. Hideo Otsuka has been appointed deputy general manager of Sundyne Japan, replacing Katsumi Kuramochi who has decided to return to Nikkiso. “This change in ownership is an important milestone for Sundyne and its global distribution strategy. The new agreement keeps in place a long and important relationship with Nikkiso to bring valuable Sundyne products and services to the Japanese marketplace,” added Ruffner. Sundyne and Nikkiso formed the joint venture in 1975.
For further information, visit www.sundyne.com and www.nikkiso.co.jp
Gorman-Rupp seals National Pump purchase
T
he Gorman-Rupp Co has completed the previously announced acquisition of National Pump Company LLC (see Pump Industry Analyst, September 2010). National Pump designs, manufactures and distributes deep-well vertical turbine
pumps for industrial process water supply, agricultural irrigation supply and municipal water supply. National Pump also provides specialty pumps for petroleum, mining and OEM applications. Founded in 1969 and headquartered in Glendale, Arizona, National Pump had revenues of approximately US$33 million in 2009. For further information visit www.gormanrupp.com and www.nationalpumpcompany.com
Grundfos posts strong gains in interim sales and profits
D
anish pump group Grundfos has delivered turnover of E1.2 billion and a profit before tax of E103 million in the first six months of 2010. The interim Grundfos turnover is 12% up on the first six months of 2009 and is at the same level as in 2008 which was a record year for the pump manufacturer. This year, Grundfos turnover has increased in all sales regions, with particularly strong gains in India, Russia and China. Profit before tax in the first six months of 2010 reached E103 million, up from E11.5 million at the mid point last year. Grundfos Group president Carsten Bjerg said that the interim result was extremely satisfactory. “Like so many others we were hit by the financial crisis in 2009 and we lost turnover. However, we managed to gain a profit after all. The wheels are turning again, little by little, around the world but we are aware of the fact that it may be a temporary trend. Therefore we are hedging against future recessions to be strong in case [the] world economy will go down once again. This attitude ensures that we prepare ourselves for increasing business. We are accelerating product development to be able to introduce new, innovative solutions in due course,” said Bjerg. The growth and cost management efforts in the first six months of this year mean that Grundfos is now debt-free. ”We are very pleased to be masters of our own house, not having to seek financing elsewhere. This independence suits us tremendously well. Our ambition of emerging from the crisis as a strengthened company was more than satisfied. We are winning market shares and
October 2010