- Email: [email protected]
Larox boosts pressure filter sales
Filtration Industry Analyst
OSMONICS, CARGILL WIN US$3.75 MILLION RESEARCH GRANT The National Institute of Standards and Technology (NIST) has awarded Osmonics and Cargill a five-year, US$3.75 million research grant f r o m its A d v a n c e d Technology Program (ATP) to d e v e l o p e n e r g y - s a v i n g membrane systems. The grant will fund the development of solvent-resistant membrane systems for separation applications that currently rely on energy-intensive distillation. David Paulson, Osmonics' director of corporate research and development, said the grant would allow the development of new polymeric membranes and system designs with widespread applications in food, pharmaceutical, and petrochemical processing. Osmonics will focus on technology development, and collaborate with Cargill, the international agricultural, food, financial and industrial products group, on commercial applications. The first targeted food processing application is oilseed processing. The ATP is a governmentsponsored programme to stimulate commercialisation of high-risk technologies that will help US companies stay competitive in global markets. The programme selected about 50 projects for grants this year. • Menlo Park, California-based Facilichem Inc has won a two-year, US$2 million grant from the ATP of NIST to develop novel purification technology using highendurance liquid membrane systems. The funds will be used by Facilichem to further the development of FaciliMax TM, a liquid membranebased purification system for use in processing specialty
10
December 1998
chemicals for the food, agricultural, pharmaceutical and biotechnology industries, and for processing industrial gases, industrial waste and wastewater.
SMITH & LOVELESS ENTERS INTERNATIONAL ALLIANCE Kansas-based Smith & Loveless Inc has formed a new alliance with Smith & Loveless New Zealand Ltd. This alliance will expand the US company's international presence in the water and wastewater treatment and distribution industry. Smith & Loveless New Zealand Ltd will now be Smith & Loveless Inc's licensee for its technology and equipment in New Zealand and Australia. Smith & Loveless Inc, International Division president Stuart B Marschall, said this new alliance positions Smith & Loveless Inc to become a major supplier of advanced tertiary treatment technologies in the region. The recent Resource Management Act in New Zealand requires additional wastewater treatment at municipal treatment plants, and should mean increased demand for advanced treatment technology like that manufactured by Smith & Loveless.
LAROX BOOSTS PRESSURE FILTER SALES Larox has announced FM30 million worth of new pressure filter sales for mining and chemical applications. The Finnish filtration company will deliver two highcapacity automatic pressure filters for tailings dewatering and a mid-size filter for copper concentrate dewatering to Kahama Mining Corporation's Bulyanhulu Gold Project in Tanzania. The order was placed
by Sutton Resources of Canada. Jiangxi Copper Company's Guixi Copper Smelter in China has ordered one Larox pressure filter for lead cake and one mid-size pressure filter for copper cake dewatering. The filter will be commissioned for the smelter's sulfuric acid plant. In Mexico, Larox will deliver two automatic pressure filters for concentrate dewatering to the Petioles Group. Other sales include a number of Larox A u t o m at i c Pressure Filters of different sizes for a chemical plant in South America, and for white pigment and filler applications in Germany and in the USA. Automatic Pressure Filters will also be delivered to an oil and gas refinery in Germany, a food by-product facility in the USA, a by-product of cellulose production plant in South Africa, and for a new food application in Australia.
EXCHANGES APPROVE UDI'S SHARE BUYBACK PLAN The Toronto and Montreal exchanges have approved United Dominion Industries' share repurchase programme. The maximum number of shares that the company may purchase during the period 2 October 1998 through 1 October 1999, is 2 037 799. In a notice filed with the exchanges, United Dominion said that it was beneficial for the company to have flexibility to purchase its shares, and depending on market conditions, purchases of company shares at prevailing market prices may be a prudent investment and in the best interest of its shareholders. The actual number of shares purchased, the time of the purchases, and the prices paid will depend on future market conditions.
i)I'X'II)I,:N I)S • The board of directors of Pall Corporation has declared a regular quarterly dividend of US$0.155 per share, payable on 9 November 1998, to shareholders of record on 23 October 1998. • The Baker Hughes board declared its regular quarterly cash dividend of US$0~ 115 per share of common stock payable on 27 November 1998, to holders of record 9 November 1998. • The board of directors of Parker Hannifin Corporation has declared a regular quarterly cash dividend of US$0.15 per share of common stock payable on 4 December 1998, to shareowners of record as of 19 November. This is Parker's 194th consecutive quarterly dividend and involves a distribution of US$16.3 million. Parker has increased its dividend for 42 consecutive fiscal years. • The board of directors of Cummins Engine Co Inc has declared a quarterly common stock cash dividend of US$0.275 per share, payable on 15 December 1998, to shareholders of record on 1 December 1998. • Mark IV Industries Inc's regular quarterly cash dividend of US$0.05 per share for the quarter ended 31 August 1998 has been announced. The dividend was payable on 1 October 1998, to shareholders of record at the close of business on 18 September 1998. Mark IV is a US$2.2 billion global manufacturing company, with core technologies in power transmission, fluid transfer and filtration systems and components for global industrial and automotive markets.
OSMONICS, CARGILL WIN US$3.75 MILLION RESEARCH GRANT The National Institute of Standards and Technology (NIST) has awarded Osmonics and Cargill a five-year, US$3.75 million research grant f r o m its A d v a n c e d Technology Program (ATP) to d e v e l o p e n e r g y - s a v i n g membrane systems. The grant will fund the development of solvent-resistant membrane systems for separation applications that currently rely on energy-intensive distillation. David Paulson, Osmonics' director of corporate research and development, said the grant would allow the development of new polymeric membranes and system designs with widespread applications in food, pharmaceutical, and petrochemical processing. Osmonics will focus on technology development, and collaborate with Cargill, the international agricultural, food, financial and industrial products group, on commercial applications. The first targeted food processing application is oilseed processing. The ATP is a governmentsponsored programme to stimulate commercialisation of high-risk technologies that will help US companies stay competitive in global markets. The programme selected about 50 projects for grants this year. • Menlo Park, California-based Facilichem Inc has won a two-year, US$2 million grant from the ATP of NIST to develop novel purification technology using highendurance liquid membrane systems. The funds will be used by Facilichem to further the development of FaciliMax TM, a liquid membranebased purification system for use in processing specialty
10
December 1998
chemicals for the food, agricultural, pharmaceutical and biotechnology industries, and for processing industrial gases, industrial waste and wastewater.
SMITH & LOVELESS ENTERS INTERNATIONAL ALLIANCE Kansas-based Smith & Loveless Inc has formed a new alliance with Smith & Loveless New Zealand Ltd. This alliance will expand the US company's international presence in the water and wastewater treatment and distribution industry. Smith & Loveless New Zealand Ltd will now be Smith & Loveless Inc's licensee for its technology and equipment in New Zealand and Australia. Smith & Loveless Inc, International Division president Stuart B Marschall, said this new alliance positions Smith & Loveless Inc to become a major supplier of advanced tertiary treatment technologies in the region. The recent Resource Management Act in New Zealand requires additional wastewater treatment at municipal treatment plants, and should mean increased demand for advanced treatment technology like that manufactured by Smith & Loveless.
LAROX BOOSTS PRESSURE FILTER SALES Larox has announced FM30 million worth of new pressure filter sales for mining and chemical applications. The Finnish filtration company will deliver two highcapacity automatic pressure filters for tailings dewatering and a mid-size filter for copper concentrate dewatering to Kahama Mining Corporation's Bulyanhulu Gold Project in Tanzania. The order was placed
by Sutton Resources of Canada. Jiangxi Copper Company's Guixi Copper Smelter in China has ordered one Larox pressure filter for lead cake and one mid-size pressure filter for copper cake dewatering. The filter will be commissioned for the smelter's sulfuric acid plant. In Mexico, Larox will deliver two automatic pressure filters for concentrate dewatering to the Petioles Group. Other sales include a number of Larox A u t o m at i c Pressure Filters of different sizes for a chemical plant in South America, and for white pigment and filler applications in Germany and in the USA. Automatic Pressure Filters will also be delivered to an oil and gas refinery in Germany, a food by-product facility in the USA, a by-product of cellulose production plant in South Africa, and for a new food application in Australia.
EXCHANGES APPROVE UDI'S SHARE BUYBACK PLAN The Toronto and Montreal exchanges have approved United Dominion Industries' share repurchase programme. The maximum number of shares that the company may purchase during the period 2 October 1998 through 1 October 1999, is 2 037 799. In a notice filed with the exchanges, United Dominion said that it was beneficial for the company to have flexibility to purchase its shares, and depending on market conditions, purchases of company shares at prevailing market prices may be a prudent investment and in the best interest of its shareholders. The actual number of shares purchased, the time of the purchases, and the prices paid will depend on future market conditions.
i)I'X'II)I,:N I)S • The board of directors of Pall Corporation has declared a regular quarterly dividend of US$0.155 per share, payable on 9 November 1998, to shareholders of record on 23 October 1998. • The Baker Hughes board declared its regular quarterly cash dividend of US$0~ 115 per share of common stock payable on 27 November 1998, to holders of record 9 November 1998. • The board of directors of Parker Hannifin Corporation has declared a regular quarterly cash dividend of US$0.15 per share of common stock payable on 4 December 1998, to shareowners of record as of 19 November. This is Parker's 194th consecutive quarterly dividend and involves a distribution of US$16.3 million. Parker has increased its dividend for 42 consecutive fiscal years. • The board of directors of Cummins Engine Co Inc has declared a quarterly common stock cash dividend of US$0.275 per share, payable on 15 December 1998, to shareholders of record on 1 December 1998. • Mark IV Industries Inc's regular quarterly cash dividend of US$0.05 per share for the quarter ended 31 August 1998 has been announced. The dividend was payable on 1 October 1998, to shareholders of record at the close of business on 18 September 1998. Mark IV is a US$2.2 billion global manufacturing company, with core technologies in power transmission, fluid transfer and filtration systems and components for global industrial and automotive markets.