Increased sales for Clarcor's filtration segments

Increased sales for Clarcor's filtration segments

Industry news 7 Filtration+Separation December 2008 EPA makes air quality standards for lead ten times stronger EPA administrator, Stephen L. John...

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Industry news

7

Filtration+Separation December 2008

EPA makes air quality standards for lead ten times stronger

EPA administrator, Stephen L. Johnson, commented: “America’s air is cleaner than a generation ago. With these stronger standards a new generation of Americans

are being protected from harmful lead emissions.” This decision marks the first time the lead standards have changed in 30 years. EPA strengthened the standards after a thorough review of the science on lead, advice from the Clean Air Scientific Advisory Committee, and consideration of public comments. The previous standards, set in 1978, were 1.5 ug/m3. www.epa.gov

ITT and Mercy Corps partner to provide safe water in emergencies ITT Corp has announced a strategic partnership with Mercy Corps, a global relief and development agency, as part of its corporate philanthropy program, ITT Watermark. The partnership includes a three-year, US$1 million commitment to help provide safe water during emergencies created by natural catastrophes such as floods, droughts and earthquakes.

When natural disaster strikes, access to safe and potable water is often the most critical need. Through this new partnership, ITT will support Mercy Corps’ relief and recovery efforts, which include the provision of dewatering and water purification equipment. In addition, ITT will aid Mercy Corps’ on-the-ground staff with rebuilding and recovery of water and sanitation infrastructure long after a disaster. www.ittwatermark.com

Increased sales for Clarcor’s filtration segments Clarcor Inc has reported that its third quarter 2008 net sales increased by 16% and operating profit increased by 18% compared to the same quarter in 2007. Earnings before income taxes were 14% higher than in the third quarter of 2007. Operating margins improved to 14.8% for the 2008 third quarter compared to 14.5% in last year’s third quarter. The company’s third quarter 2008 results were impacted by a charge of approximately US$1 million related to the closing of an HVAC filter manufacturing plant in North Carolina, USA. In addition, during the third quarter 2007, the company

recorded an after-tax benefit of US$4 million, related to the completion of various income tax audits and the finalisation of certain income tax liabilities. Norm Johnson, Clarcor’s Chairman and chief executive officer, said: “We are very pleased with our third quarter 2008 results. Each of our filtration segments reported higher sales and higher operating profit than in the third quarter of last year. Our gross margin of 31.9% and our operating margin of 14.8% for the quarter were the highest yet for 2008 and also exceeded last year’s third quarter gross and operating margins.” www.clarcor.com

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The US Environmental Protection Agency (EPA) has dramatically strengthened the nation’s air quality standards for lead, to improve public health protection, especially for children. The new standards tighten the allowable lead level ten times to 0.15 micrograms of lead per m3 of air (ug/m3).