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Imerys Filtration Minerals raises prices
DIVIDENDS/NEWS
Dividends UÊ iÌ*ÀÊ À«’s board of directors has declared a quarterly dividend of US$0.0725 per share payable on 13 September 2013 to shareholders of record on 30 August 2013. In April 2013, Met-Pro entered into a merger agreement with CECO Environmental Corp (see Filtration Industry Analyst, April 2013). If that deal closes before 30 August 2013, then this latest dividend will not be paid to Met-Pro shareholders. However CECO has agreed to set its record date for the payment of its third dividend on a date that is at least two business days after the closing date of the merger. Meanwhile CECO paid a quarterly cash dividend of US$0.05 per share on 28 June 2013, to all shareholders of record on 14 June 2013. www.met-pro.com and www. cecoenviro.com UÊ >`ÃÊ Ê V’s regular cash dividend of US$0.13 per share was paid on 21 June 2013 to shareholders of record on 7 June 2013. This is a 30% increase on the prior payout of US$0.10 per share. The company increased its dividend policy to pay out 30–40% of the prior three years’ average earnings per share. “We first established our dividend payout policy using financial metrics in the 1980s to make our dividend payout increases more consistent. This has resulted in 27 consecutive years of dividend increases,” said Bill Cook, Donaldson’s CEO. “As we have continued to grow, our ability to consistently pay a higher percentage of earnings has likewise increased. Based on our regular review of our Strategic Growth Plan and our dividend and share repurchase policies, we decided to increase our dividend payout. Our updated dividend payout policy, combined with our longstanding practice of repurchasing an average of 2% of our outstanding shares each year, firmly demonstrates our commitment of returning a high percentage of our earnings to our shareholders while continuing to grow our company’s sales and earnings.” The current declaration is the 231st consecutive quarterly cash dividend paid by Donaldson over 57 years. www.donaldson.com 4
Filtration Industry Analyst
are able to continuously grow our portfolio and increase our service capabilities.” The acquisition also broadens Valin’s systems, services and product offerings to Rosedale Products of California customers giving them a more application-based solutions supplier to work with. “Rosedale Products of California customers can expect to receive the same great service and products, and will continue to work with the same respected outside and inside sales personnel,” continued Nettemeyer. San Jose, California-headquartered Valin is a privately held, employee-owned company providing technical solutions for the technology, energy, life sciences, natural resources and transportation industries. Valin represents a number of filtration systems technology suppliers and delivers a range of turn-key filtration solutions. For further information, visit www.valin.com/systems/ filtration and www.rosecal.com
Hollingsworth & Vose increases filtration media prices
H
ollingsworth & Vose has announced price increases for its filtration media products used in the engine and transportation industries and other selected filtration media. The price increases are due to rising raw material costs, especially for pulps and energy. The increases will vary by product and region and will range from 3–5%. New prices for filtration media will be effective with shipments starting 1 July 2013 or as contracts allow. For further information, visit www.hollingsworth-vose.com
Imerys Filtration Minerals raises prices
I
merys Filtration Minerals Inc will increase prices for products shipped within North America from 1 July 2013. The 2–8% increase, subject to any provisions in individual contracts, will apply across all diatomite, perlite, cellulose and silicate products. The price increases are due to continuing investments and rising manufacturing,
maintenance, quality systems and environmental compliance costs. For further information, visit www.imerys-filtration.com
Envirogen launches service centre in Memphis
E
nvirogen Technologies Inc has set up the Envirogen Service Center in Memphis, Tennessee, USA, offering technology-based water treatment solutions to industrial and municipal customers. The new service centre will provide ion exchange and adsorptive media regeneration, system design and installation for deionized water production for a range of industrial needs, heavy metals removal and recovery, precious metals removal and recovery, as well as reverse osmosis systems. The centre also has laboratory capabilities for project assessment and pilot studies. Envirogen’s Memphis location is the company’s primary research, application technology and logistical support group for its North American operations and will now support water treatment and manufacturing operations outside the company.
For further information, visit www.envirogen.com
Camfil publishes 2012 Sustainability Report
C
amfil’s most energy-efficient filter solutions for comfort ventilation systems accounted for 67% of global sales in its Filters business unit, according to the company’s recently published 2012 Sustainability Report. Since 2007, 21% of Camfil’s filter sales volumes for comfort ventilation have been converted into energy-efficient filters. Over the five years, Camfil has cut its own energy consumption by 37% and water usage by 26%. The company has made other significant improvements on waste recycling and waste reduction. For further information, visit www.camfil.com/ FileArchive/Brochures/Sustainability/Sustainability%20 Report%202012.pdf
June 2013
Dividends UÊ iÌ*ÀÊ À«’s board of directors has declared a quarterly dividend of US$0.0725 per share payable on 13 September 2013 to shareholders of record on 30 August 2013. In April 2013, Met-Pro entered into a merger agreement with CECO Environmental Corp (see Filtration Industry Analyst, April 2013). If that deal closes before 30 August 2013, then this latest dividend will not be paid to Met-Pro shareholders. However CECO has agreed to set its record date for the payment of its third dividend on a date that is at least two business days after the closing date of the merger. Meanwhile CECO paid a quarterly cash dividend of US$0.05 per share on 28 June 2013, to all shareholders of record on 14 June 2013. www.met-pro.com and www. cecoenviro.com UÊ >`ÃÊ Ê V’s regular cash dividend of US$0.13 per share was paid on 21 June 2013 to shareholders of record on 7 June 2013. This is a 30% increase on the prior payout of US$0.10 per share. The company increased its dividend policy to pay out 30–40% of the prior three years’ average earnings per share. “We first established our dividend payout policy using financial metrics in the 1980s to make our dividend payout increases more consistent. This has resulted in 27 consecutive years of dividend increases,” said Bill Cook, Donaldson’s CEO. “As we have continued to grow, our ability to consistently pay a higher percentage of earnings has likewise increased. Based on our regular review of our Strategic Growth Plan and our dividend and share repurchase policies, we decided to increase our dividend payout. Our updated dividend payout policy, combined with our longstanding practice of repurchasing an average of 2% of our outstanding shares each year, firmly demonstrates our commitment of returning a high percentage of our earnings to our shareholders while continuing to grow our company’s sales and earnings.” The current declaration is the 231st consecutive quarterly cash dividend paid by Donaldson over 57 years. www.donaldson.com 4
Filtration Industry Analyst
are able to continuously grow our portfolio and increase our service capabilities.” The acquisition also broadens Valin’s systems, services and product offerings to Rosedale Products of California customers giving them a more application-based solutions supplier to work with. “Rosedale Products of California customers can expect to receive the same great service and products, and will continue to work with the same respected outside and inside sales personnel,” continued Nettemeyer. San Jose, California-headquartered Valin is a privately held, employee-owned company providing technical solutions for the technology, energy, life sciences, natural resources and transportation industries. Valin represents a number of filtration systems technology suppliers and delivers a range of turn-key filtration solutions. For further information, visit www.valin.com/systems/ filtration and www.rosecal.com
Hollingsworth & Vose increases filtration media prices
H
ollingsworth & Vose has announced price increases for its filtration media products used in the engine and transportation industries and other selected filtration media. The price increases are due to rising raw material costs, especially for pulps and energy. The increases will vary by product and region and will range from 3–5%. New prices for filtration media will be effective with shipments starting 1 July 2013 or as contracts allow. For further information, visit www.hollingsworth-vose.com
Imerys Filtration Minerals raises prices
I
merys Filtration Minerals Inc will increase prices for products shipped within North America from 1 July 2013. The 2–8% increase, subject to any provisions in individual contracts, will apply across all diatomite, perlite, cellulose and silicate products. The price increases are due to continuing investments and rising manufacturing,
maintenance, quality systems and environmental compliance costs. For further information, visit www.imerys-filtration.com
Envirogen launches service centre in Memphis
E
nvirogen Technologies Inc has set up the Envirogen Service Center in Memphis, Tennessee, USA, offering technology-based water treatment solutions to industrial and municipal customers. The new service centre will provide ion exchange and adsorptive media regeneration, system design and installation for deionized water production for a range of industrial needs, heavy metals removal and recovery, precious metals removal and recovery, as well as reverse osmosis systems. The centre also has laboratory capabilities for project assessment and pilot studies. Envirogen’s Memphis location is the company’s primary research, application technology and logistical support group for its North American operations and will now support water treatment and manufacturing operations outside the company.
For further information, visit www.envirogen.com
Camfil publishes 2012 Sustainability Report
C
amfil’s most energy-efficient filter solutions for comfort ventilation systems accounted for 67% of global sales in its Filters business unit, according to the company’s recently published 2012 Sustainability Report. Since 2007, 21% of Camfil’s filter sales volumes for comfort ventilation have been converted into energy-efficient filters. Over the five years, Camfil has cut its own energy consumption by 37% and water usage by 26%. The company has made other significant improvements on waste recycling and waste reduction. For further information, visit www.camfil.com/ FileArchive/Brochures/Sustainability/Sustainability%20 Report%202012.pdf
June 2013