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John Crane sales improve despite softer demand
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W i s c o n s i n Electric s a y s it e n c o u n t e r e d s o m e i s s u e s w i t h a l i g n m e n t a n d s e a t i n g of t h e seal. E a r l y i n d i c a t i o n s w e r e t h a t efforts to s e a t t h e p u m p s e a l w e r e s u c c e s s f u l , b u t t h e s e a l did n o t p e r f o r m consistently under increased water temperature and p r e s s u r e . After c o n s u l t i n g t h e m a n u f a c t u r e r a n d o t h e r i n d u s t r y e x p e r t s , it w a s d e t e r m i n e d t h a t r e p l a c e m e n t of t h e s e a l w a s n e e d e d to o p e r a t e t h e facility a s it w a s designed. R e s t a r t of a n u c l e a r p l a n t is a very c o m p l e x p r o c e s s . B e c a u s e of t h e v o l u m e of w o r k d o n e a t Point B e a c h r e c e n t l y , t h i s w a s t h e first t i m e s o m e of t h e s e systems were working together under actual operating c o n d i t i o n s . T h e n e e d to r e p l a c e t h e r e a c t o r c o o l a n t pump seal was described as frustrating, but i l l u s t r a t e d t h e c o m p l e x d y n a m i c s involved in o p e r a t i n g a power plant. T h e c o m p a n y a s k e d c u s t o m e r s to u s e e n e r g y c o n s e r v a t i o n m e a s u r e s , e s p e c i a l l y d u r i n g p e r i o d s of h o t a n d h u m i d w e a t h e r . R o u g h l y 30% of t h e r e g i o n ' s n u c l e a r g e n e r a t i o n w a s o u t of service. T h e r e is l i m i t e d a b i l i t y to b u y a n d t r a n s p o r t p o w e r into t h e s t a t e . C o n t a c t : W i s c o n s i n E l e c t r i c Co, 2 3 3 0 B l u e m o u n d Rd, W a u k e s h a , WI 5 3 1 8 6 , USA. Tel: + I 4 1 4 2 2 1 4444.
J o h n Crane sales improve despite softer d e m a n d Sales by John Crane International, comprising the t h r e e d i v i s i o n s of M e c h a n i c a l Seals, P o l y m e r E n g i n e e r i n g a n d Marine, were u p 10% a t £327. l m , a n d o p e r a t i n g profit i n c r e a s e d b y 5% to j u s t over £ 5 0 m , a c c o r d i n g to first h a l f 1997 r e s u l t s . At c o n s t a n t e x c h a n g e r a t e s a n d e x c l u d i n g t h e i m p a c t of a c q u i s i t i o n s , s a l e s w e r e u p 2% c o m p a r e d w i t h t h e first h a l f of 1996, w i t h o p e r a t i n g profit d o w n 2%, c a u s e d p r i m a r i l y b y a s o f t e n i n g in d e m a n d in m e c h a n i c a l seals, c o u p l e d w i t h i n v e s t m e n t to s u p p o r t l o n g e r t e r m growth. J o h n C r a n e c o n t i n u e d to c a p t u r e m a r k e t s h a r e a n d r e p o r t e d s t r o n g m a r g i n s of 15.4%. C a s h flow w a s s t r o n g a n d t h e w o r k i n g c a p i t a l to s a l e s r a t i o w a s m a i n t a i n e d . O r d e r b o o k i m p r o v e d y e a r on y e a r w i t h good o r d e r i n t a k e in t h e s e c o n d q u a r t e r . In M e c h a n i c a l Seals, J o h n C r a n e e x p e r i e n c e d c h a l l e n g i n g m a r k e t c o n d i t i o n s , p a r t i c u l a r l y in t h e p r o c e s s i n d u s t r y w h e r e t h e w o r l d - w i d e t r e n d to r e d u c e o p e r a t i n g c o s t s a f f e c t e d d e m a n d . However s a l e s b e n e f i t t e d from n e w p r o d u c t s l a u n c h e d in 1996 t o g e t h e r w i t h s t r o n g e r d e m a n d for g a s seals. T h e i n c r e a s e d level of r e v e n u e i n v e s t m e n t a n d o t h e r e x p e n d i t u r e in t h e first h a l f w a s f o c u s e d m a i n l y on a d d i t i o n a l s a l e s a n d a n d service e n g i n e e r s , information systems and further product d e v e l o p m e n t s d u e for l a u n c h in late 1997. In Marine, t h e c o m p a n y b e n e f i t t e d from g r o w t h in t h e s h i p b u i l d i n g m a r k e t a n d from o p p o r t u n i t i e s to e x p a n d its p r o d u c t offering to m e e t t h e o n - b o a r d
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s e a l i n g e q u i r e m e n t s of s h i p b u i l d e r s a n d o p e r a t o r s . As p a r t of this, J o h n C r a n e is m a r k e t i n g o t h e r TI products through the existing Marine network. Polymer Engineering made progress with the i n t e g r a t i o n a n d g l o b a l i s a t i o n of F o r s h e d a a n d Polypac. M a r k e t c o n d i t i o n s for t h e d i v i s i o n ' s i n d u s t r i a l a n d a u t o m o t i v e p r o d u c t s w e r e b r o a d l y fiat, b u t s a l e s c o n t i n u e d to grow t h r o u g h t h e g l o b a l i s a t i o n of e x i s t i n g business supported by a new product management s t r u c t u r e to a c c e l e r a t e t h e g r o w t h of its O-ring, s h a f t seals and pipe seal businesses. Contact: J o h n Crane, 6 4 0 0 O a k t o n Street, Morton Grove, I l l i n o i s 6 0 0 5 3 , USA. Tel: + I 8 4 7 9 6 7 2 9 8 2 ; Fax: +1 8 4 7 9 6 7 3 9 1 5 .
Ferrofluidics takes
record b o o k i n g s F e r r o f l u i d i c s h a s s i g n e d two long t e r m a g r e e m e n t s for delivery of its r o t a r y f e e d t h r o u g h s e a l s u s e d in v a c u u m a p p l i c a t i o n s . The first of t h e s e is a $ 7 . 5 m e x t e n s i o n of a n a g r e e m e n t to deliver s e a l s over t h e n e x t five y e a r s to a l e a d i n g s e m i c o n d u c t o r c a p i t a l e q u i p m e n t m a n u f a c t u r e r . The s e c o n d is a $ 1 . 6 m n e w a g r e e m e n t to deliver s e a l s over a t h r e e y e a r p e r i o d to a m a j o r c u s t o m e r in t h e a e r o s p a c e i n d u s t r y . In a d d i t i o n , t h e c o m p a n y h a s a n o u n c e d r e c o r d b o o k i n g s in b o t h its s e a l s a n d ferrofluid b u s i n e s s s e g m e n t s in t h e f o u r t h q u a r t e r of its fiscal year. F e r r o f l u i d i c s s a y s its s e a l s b u s i n e s s h a s e x p e r i e n c e d a s t r o n g r e b o u n d in t h e l a s t six m o n t h s . T h e r e c o r d b o o k i n g s in t h e f o u r t h q u a r t e r a r e a r e s u l t of b o t h i m p r o v e m e n t s in t h e s e m i c o n d u t o r i n d u s t r y a s well a s t h e i m p a c t of its n e w p r o d u c t a n d n e w m a r k e t development programs. During that quarter, combined s e a l s a n d fluids b o o k i n g s e x c e e d e d $ 6 m for t h e first t i m e in t h e c o m p a n y ' s h i s t o r y . Contact: Ferrofluidics Corporation, 40 Simon S t r e e t , N a s h u a , NH 0 3 0 6 1 - 2 0 0 9 , USA. Tel: + I 6 0 3 8 8 3 9 8 0 0 ; Fax: +1 6 0 3 8 8 3 2 3 0 8 .
Wynn's net i n c o m e
j u m p s to n e w high W y n n ' s I n t e r n a t i o n a l h a s r e p o r t e d i n c o m e of $6 499 0 0 0 in t h e s e c o n d q u a r t e r e n d e d J u n e 30, 1997, a n i n c r e a s e of 18% over 1996 s e c o n d q u a r t e r i n c o m e from c o n t i n u i n g o p e r a t i o n s of $5 5 2 8 000. Net s a l e s from c o n t i n u i n g o p e r a t i o n s for t h e q u a r t e r e n d e d J u n e 30, 1997 were $81 0 4 0 000, 13% a b o v e l a s t y e a r ' s c o m p a r a b l e q u a r t e r l y s a l e s of $71 826 000. Net i n c o m e for t h e first six m o n t h s of 1997, i n c l u d i n g t h e r e s u l t s of d i s c o n t i n u e d o p e r a t i o n s , w a s $13 120 000, a n i n c r e a s e of 49% c o m p a r e d to 1996.
Sealing Technology No. 44
W i s c o n s i n Electric s a y s it e n c o u n t e r e d s o m e i s s u e s w i t h a l i g n m e n t a n d s e a t i n g of t h e seal. E a r l y i n d i c a t i o n s w e r e t h a t efforts to s e a t t h e p u m p s e a l w e r e s u c c e s s f u l , b u t t h e s e a l did n o t p e r f o r m consistently under increased water temperature and p r e s s u r e . After c o n s u l t i n g t h e m a n u f a c t u r e r a n d o t h e r i n d u s t r y e x p e r t s , it w a s d e t e r m i n e d t h a t r e p l a c e m e n t of t h e s e a l w a s n e e d e d to o p e r a t e t h e facility a s it w a s designed. R e s t a r t of a n u c l e a r p l a n t is a very c o m p l e x p r o c e s s . B e c a u s e of t h e v o l u m e of w o r k d o n e a t Point B e a c h r e c e n t l y , t h i s w a s t h e first t i m e s o m e of t h e s e systems were working together under actual operating c o n d i t i o n s . T h e n e e d to r e p l a c e t h e r e a c t o r c o o l a n t pump seal was described as frustrating, but i l l u s t r a t e d t h e c o m p l e x d y n a m i c s involved in o p e r a t i n g a power plant. T h e c o m p a n y a s k e d c u s t o m e r s to u s e e n e r g y c o n s e r v a t i o n m e a s u r e s , e s p e c i a l l y d u r i n g p e r i o d s of h o t a n d h u m i d w e a t h e r . R o u g h l y 30% of t h e r e g i o n ' s n u c l e a r g e n e r a t i o n w a s o u t of service. T h e r e is l i m i t e d a b i l i t y to b u y a n d t r a n s p o r t p o w e r into t h e s t a t e . C o n t a c t : W i s c o n s i n E l e c t r i c Co, 2 3 3 0 B l u e m o u n d Rd, W a u k e s h a , WI 5 3 1 8 6 , USA. Tel: + I 4 1 4 2 2 1 4444.
J o h n Crane sales improve despite softer d e m a n d Sales by John Crane International, comprising the t h r e e d i v i s i o n s of M e c h a n i c a l Seals, P o l y m e r E n g i n e e r i n g a n d Marine, were u p 10% a t £327. l m , a n d o p e r a t i n g profit i n c r e a s e d b y 5% to j u s t over £ 5 0 m , a c c o r d i n g to first h a l f 1997 r e s u l t s . At c o n s t a n t e x c h a n g e r a t e s a n d e x c l u d i n g t h e i m p a c t of a c q u i s i t i o n s , s a l e s w e r e u p 2% c o m p a r e d w i t h t h e first h a l f of 1996, w i t h o p e r a t i n g profit d o w n 2%, c a u s e d p r i m a r i l y b y a s o f t e n i n g in d e m a n d in m e c h a n i c a l seals, c o u p l e d w i t h i n v e s t m e n t to s u p p o r t l o n g e r t e r m growth. J o h n C r a n e c o n t i n u e d to c a p t u r e m a r k e t s h a r e a n d r e p o r t e d s t r o n g m a r g i n s of 15.4%. C a s h flow w a s s t r o n g a n d t h e w o r k i n g c a p i t a l to s a l e s r a t i o w a s m a i n t a i n e d . O r d e r b o o k i m p r o v e d y e a r on y e a r w i t h good o r d e r i n t a k e in t h e s e c o n d q u a r t e r . In M e c h a n i c a l Seals, J o h n C r a n e e x p e r i e n c e d c h a l l e n g i n g m a r k e t c o n d i t i o n s , p a r t i c u l a r l y in t h e p r o c e s s i n d u s t r y w h e r e t h e w o r l d - w i d e t r e n d to r e d u c e o p e r a t i n g c o s t s a f f e c t e d d e m a n d . However s a l e s b e n e f i t t e d from n e w p r o d u c t s l a u n c h e d in 1996 t o g e t h e r w i t h s t r o n g e r d e m a n d for g a s seals. T h e i n c r e a s e d level of r e v e n u e i n v e s t m e n t a n d o t h e r e x p e n d i t u r e in t h e first h a l f w a s f o c u s e d m a i n l y on a d d i t i o n a l s a l e s a n d a n d service e n g i n e e r s , information systems and further product d e v e l o p m e n t s d u e for l a u n c h in late 1997. In Marine, t h e c o m p a n y b e n e f i t t e d from g r o w t h in t h e s h i p b u i l d i n g m a r k e t a n d from o p p o r t u n i t i e s to e x p a n d its p r o d u c t offering to m e e t t h e o n - b o a r d
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s e a l i n g e q u i r e m e n t s of s h i p b u i l d e r s a n d o p e r a t o r s . As p a r t of this, J o h n C r a n e is m a r k e t i n g o t h e r TI products through the existing Marine network. Polymer Engineering made progress with the i n t e g r a t i o n a n d g l o b a l i s a t i o n of F o r s h e d a a n d Polypac. M a r k e t c o n d i t i o n s for t h e d i v i s i o n ' s i n d u s t r i a l a n d a u t o m o t i v e p r o d u c t s w e r e b r o a d l y fiat, b u t s a l e s c o n t i n u e d to grow t h r o u g h t h e g l o b a l i s a t i o n of e x i s t i n g business supported by a new product management s t r u c t u r e to a c c e l e r a t e t h e g r o w t h of its O-ring, s h a f t seals and pipe seal businesses. Contact: J o h n Crane, 6 4 0 0 O a k t o n Street, Morton Grove, I l l i n o i s 6 0 0 5 3 , USA. Tel: + I 8 4 7 9 6 7 2 9 8 2 ; Fax: +1 8 4 7 9 6 7 3 9 1 5 .
Ferrofluidics takes
record b o o k i n g s F e r r o f l u i d i c s h a s s i g n e d two long t e r m a g r e e m e n t s for delivery of its r o t a r y f e e d t h r o u g h s e a l s u s e d in v a c u u m a p p l i c a t i o n s . The first of t h e s e is a $ 7 . 5 m e x t e n s i o n of a n a g r e e m e n t to deliver s e a l s over t h e n e x t five y e a r s to a l e a d i n g s e m i c o n d u c t o r c a p i t a l e q u i p m e n t m a n u f a c t u r e r . The s e c o n d is a $ 1 . 6 m n e w a g r e e m e n t to deliver s e a l s over a t h r e e y e a r p e r i o d to a m a j o r c u s t o m e r in t h e a e r o s p a c e i n d u s t r y . In a d d i t i o n , t h e c o m p a n y h a s a n o u n c e d r e c o r d b o o k i n g s in b o t h its s e a l s a n d ferrofluid b u s i n e s s s e g m e n t s in t h e f o u r t h q u a r t e r of its fiscal year. F e r r o f l u i d i c s s a y s its s e a l s b u s i n e s s h a s e x p e r i e n c e d a s t r o n g r e b o u n d in t h e l a s t six m o n t h s . T h e r e c o r d b o o k i n g s in t h e f o u r t h q u a r t e r a r e a r e s u l t of b o t h i m p r o v e m e n t s in t h e s e m i c o n d u t o r i n d u s t r y a s well a s t h e i m p a c t of its n e w p r o d u c t a n d n e w m a r k e t development programs. During that quarter, combined s e a l s a n d fluids b o o k i n g s e x c e e d e d $ 6 m for t h e first t i m e in t h e c o m p a n y ' s h i s t o r y . Contact: Ferrofluidics Corporation, 40 Simon S t r e e t , N a s h u a , NH 0 3 0 6 1 - 2 0 0 9 , USA. Tel: + I 6 0 3 8 8 3 9 8 0 0 ; Fax: +1 6 0 3 8 8 3 2 3 0 8 .
Wynn's net i n c o m e
j u m p s to n e w high W y n n ' s I n t e r n a t i o n a l h a s r e p o r t e d i n c o m e of $6 499 0 0 0 in t h e s e c o n d q u a r t e r e n d e d J u n e 30, 1997, a n i n c r e a s e of 18% over 1996 s e c o n d q u a r t e r i n c o m e from c o n t i n u i n g o p e r a t i o n s of $5 5 2 8 000. Net s a l e s from c o n t i n u i n g o p e r a t i o n s for t h e q u a r t e r e n d e d J u n e 30, 1997 were $81 0 4 0 000, 13% a b o v e l a s t y e a r ' s c o m p a r a b l e q u a r t e r l y s a l e s of $71 826 000. Net i n c o m e for t h e first six m o n t h s of 1997, i n c l u d i n g t h e r e s u l t s of d i s c o n t i n u e d o p e r a t i o n s , w a s $13 120 000, a n i n c r e a s e of 49% c o m p a r e d to 1996.
Sealing Technology No. 44