- Email: [email protected]
John Crane sets up e-Business solution
NEWS
New VP of technology & innovation for Parker Seal Group Parker Hannifin Corporation has announced the promotion of Dale M. Ashby to the position of vice president of technology and innovation for the company’s Seal Group, with effect from 1 April. The promotion is intended to reflect the effort within the Group to increase its capacity for organic growth through innovative systems engineering and product development. Ashby joined Parker in May
1985 as an applications engineer, and has held a number of positions of increasing responsibility in the organization. Since 2001, Ashby has been the technical director of the O-Ring Division in Lexington, Kentucky. Contact: Parker Hannifin Corporation, Seal Group, 6035 Parkland Boulevard, Cleveland, OH 44124, USA. Tel: +1 216 896 2363, Fax: +1 216 896 4010, Web:
John Crane sets up e-Business solution Sealing giant John Crane has developed what it claims is a world-leading e-Business solution. The aim of this is to provide both the company and key customers with an opportunity to achieve mutual benefits. These are expected to include: • • • • •
Streamlined communications. Inventory rationalization. Faster turnaround times. Elimination of errors and delays. Increased security.
The solution can be configured for
conducting e-Business either directly (‘B2B’), or via the major exchanges or hubs. The objective of e-Business is to make it easy to do business with John Crane. To achieve this a suite of proprietary tools can be deployed to ensure that an optimized collaborative business solution is created with key customers. Contacts: John Crane, Nash Road, Trafford Park, Manchester M17 1SS, UK. Tel: +44 161 886 5996, Fax: +44 161 886 5990, Web: www.johncrane.co.uk
Positive financial results from seal group companies around the world Burgmann enters 2004 with positive figures in difficult times In spite of a strained situation throughout the world economy, 2003 saw sales increase by 2.3% at Burgmann Dichtungswerke GmbH in Germany. Consolidated group sales increased to around 298 million in 2003; business activities outside Germany accounted for 68% of this result. Domestic sales rose to around 96.7 million, compared to 93.3 million for the previous year. Sales outside Germany grew from 198.7 million to 201.5 million. With effect from 1 March 2004, Freudenberg & Co in Weinheim purchased key elements of the Burgmann Group activities, in particular the Mechanical Seals, Expansion Joints and Automotive
divisions [Sealing Technology, April]. The company is now operating in Germany under the name Burgmann Industries GmbH & Co KG, and its current workforce totals 3117 among more than 50 subsidiaries and joint ventures worldwide. Burgmann’s international service and framework agreements are proof that long-term, partnershipbased cooperation with plant operators forms an important building block for future success. Contact: Burgmann Industries, Äußere Sauerlacher Strasse 6–10, D-82502 Wolfratshausen, Germany. Tel: +49 8171 231453, Fax: +49 8171 231095, Web: www.burgmann.com
Trelleborg shows benefit of sealing aquisition The Trelleborg Group showed a continued favorable sales and profit trend during the first quarter of 2004. The group reported positive effects from the new business area, Trelleborg Sealing Solutions. The Group’s net sales rose by 36% during the first quarter of 2004,
with its operating profit increasing by 75% to SKr406 million (US$53.4 million). Contact: Trelleborg AB, PO Box 153, SE-231 22 Trelleborg, Sweden. Tel: +46 410 67000, Fax: +46 410 42763, www.trelleborg.com
Kaydon reports increased first quarter results US-based Kaydon Corporation reports that for the first quarter of 2004, its sales were up 17.7%. In the same period the company’s order entry increased by 14.2% and net income rose by 25.5%. Earnings per share were $0.32
Sealing Technology June 2004
versus $0.24 in the comparable period a year ago. Contact: Kaydon Ring & Seal, PO Box 626, Baltimore, MD 21203-0626, USA. Tel: +1 410 547 7700, www.kaydonringandseal.com
EnPro Industries Q1 earnings up as major markets strengthen EnPro, the parent group of Garlock, is reporting sales growth of 16% for the first quarter of 2004, as most of its operations benefit from increased activity. Segment profits improved by 32%, benefiting from higher volumes and lower costs. The company reported a net income of $11.4 million ($0.54 per share) for the first quarter of 2004, compared to $6.1 million ($0.30 per share) in the first quarter of 2003. EnPro subsidiaries received 8400 new asbestos claims filings during the quarter, down 16% from the first quarter of last year, as new claims continued to come in at lower rates. Claims received in the quarter included 3500 from a Mississippi lawsuit that was amended to add Garlock Sealing Technologies as a defendant. Excluding these, other new claims came in at about the same rate as in each of the third and fourth quarters of 2003. The company says that, while still large, this rate is well below the lowest number of new claims received in any year since 1994. This, it is hoped, is indicative of a real decline in the incidence of asbestos-related disease, consistent with the expectations and predictions of the medical community.
Sealing Products within the group reported profits of $15.8 million for the first quarter, a 46% improvement over the first quarter of 2003. Indeed, markets improved and volumes increased at most units. Segment profits also reflected a stronger mix of business as the result of the acquisition of Pikotek in the fourth quarter of 2004, and the divestiture of a low-margin sealing business that was included in the first quarter of 2003. Sales in the segment grew by 16% over the first quarter of 2003, led by a 24% increase at Stemco, reflecting the strength of the heavy-duty truck market. Stronger end markets also led to improved sales figures at Garlock Sealing Technologies, although activity in those markets remains low by historical standards. While sales benefited primarily from improved market conditions, they also benefited to a lesser extent from a stronger euro currency. Contact: EnPro Industries Inc, 5605 Carnegie Boulevard, Charlotte, NC 282094674, USA. Tel: +1 704 731 1500, Fax: +1 704 731 1511, Email: don. [email protected], Web: www.enproindustries.com
3
New VP of technology & innovation for Parker Seal Group Parker Hannifin Corporation has announced the promotion of Dale M. Ashby to the position of vice president of technology and innovation for the company’s Seal Group, with effect from 1 April. The promotion is intended to reflect the effort within the Group to increase its capacity for organic growth through innovative systems engineering and product development. Ashby joined Parker in May
1985 as an applications engineer, and has held a number of positions of increasing responsibility in the organization. Since 2001, Ashby has been the technical director of the O-Ring Division in Lexington, Kentucky. Contact: Parker Hannifin Corporation, Seal Group, 6035 Parkland Boulevard, Cleveland, OH 44124, USA. Tel: +1 216 896 2363, Fax: +1 216 896 4010, Web:
John Crane sets up e-Business solution Sealing giant John Crane has developed what it claims is a world-leading e-Business solution. The aim of this is to provide both the company and key customers with an opportunity to achieve mutual benefits. These are expected to include: • • • • •
Streamlined communications. Inventory rationalization. Faster turnaround times. Elimination of errors and delays. Increased security.
The solution can be configured for
conducting e-Business either directly (‘B2B’), or via the major exchanges or hubs. The objective of e-Business is to make it easy to do business with John Crane. To achieve this a suite of proprietary tools can be deployed to ensure that an optimized collaborative business solution is created with key customers. Contacts: John Crane, Nash Road, Trafford Park, Manchester M17 1SS, UK. Tel: +44 161 886 5996, Fax: +44 161 886 5990, Web: www.johncrane.co.uk
Positive financial results from seal group companies around the world Burgmann enters 2004 with positive figures in difficult times In spite of a strained situation throughout the world economy, 2003 saw sales increase by 2.3% at Burgmann Dichtungswerke GmbH in Germany. Consolidated group sales increased to around 298 million in 2003; business activities outside Germany accounted for 68% of this result. Domestic sales rose to around 96.7 million, compared to 93.3 million for the previous year. Sales outside Germany grew from 198.7 million to 201.5 million. With effect from 1 March 2004, Freudenberg & Co in Weinheim purchased key elements of the Burgmann Group activities, in particular the Mechanical Seals, Expansion Joints and Automotive
divisions [Sealing Technology, April]. The company is now operating in Germany under the name Burgmann Industries GmbH & Co KG, and its current workforce totals 3117 among more than 50 subsidiaries and joint ventures worldwide. Burgmann’s international service and framework agreements are proof that long-term, partnershipbased cooperation with plant operators forms an important building block for future success. Contact: Burgmann Industries, Äußere Sauerlacher Strasse 6–10, D-82502 Wolfratshausen, Germany. Tel: +49 8171 231453, Fax: +49 8171 231095, Web: www.burgmann.com
Trelleborg shows benefit of sealing aquisition The Trelleborg Group showed a continued favorable sales and profit trend during the first quarter of 2004. The group reported positive effects from the new business area, Trelleborg Sealing Solutions. The Group’s net sales rose by 36% during the first quarter of 2004,
with its operating profit increasing by 75% to SKr406 million (US$53.4 million). Contact: Trelleborg AB, PO Box 153, SE-231 22 Trelleborg, Sweden. Tel: +46 410 67000, Fax: +46 410 42763, www.trelleborg.com
Kaydon reports increased first quarter results US-based Kaydon Corporation reports that for the first quarter of 2004, its sales were up 17.7%. In the same period the company’s order entry increased by 14.2% and net income rose by 25.5%. Earnings per share were $0.32
Sealing Technology June 2004
versus $0.24 in the comparable period a year ago. Contact: Kaydon Ring & Seal, PO Box 626, Baltimore, MD 21203-0626, USA. Tel: +1 410 547 7700, www.kaydonringandseal.com
EnPro Industries Q1 earnings up as major markets strengthen EnPro, the parent group of Garlock, is reporting sales growth of 16% for the first quarter of 2004, as most of its operations benefit from increased activity. Segment profits improved by 32%, benefiting from higher volumes and lower costs. The company reported a net income of $11.4 million ($0.54 per share) for the first quarter of 2004, compared to $6.1 million ($0.30 per share) in the first quarter of 2003. EnPro subsidiaries received 8400 new asbestos claims filings during the quarter, down 16% from the first quarter of last year, as new claims continued to come in at lower rates. Claims received in the quarter included 3500 from a Mississippi lawsuit that was amended to add Garlock Sealing Technologies as a defendant. Excluding these, other new claims came in at about the same rate as in each of the third and fourth quarters of 2003. The company says that, while still large, this rate is well below the lowest number of new claims received in any year since 1994. This, it is hoped, is indicative of a real decline in the incidence of asbestos-related disease, consistent with the expectations and predictions of the medical community.
Sealing Products within the group reported profits of $15.8 million for the first quarter, a 46% improvement over the first quarter of 2003. Indeed, markets improved and volumes increased at most units. Segment profits also reflected a stronger mix of business as the result of the acquisition of Pikotek in the fourth quarter of 2004, and the divestiture of a low-margin sealing business that was included in the first quarter of 2003. Sales in the segment grew by 16% over the first quarter of 2003, led by a 24% increase at Stemco, reflecting the strength of the heavy-duty truck market. Stronger end markets also led to improved sales figures at Garlock Sealing Technologies, although activity in those markets remains low by historical standards. While sales benefited primarily from improved market conditions, they also benefited to a lesser extent from a stronger euro currency. Contact: EnPro Industries Inc, 5605 Carnegie Boulevard, Charlotte, NC 282094674, USA. Tel: +1 704 731 1500, Fax: +1 704 731 1511, Email: don. [email protected], Web: www.enproindustries.com
3