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Mann+Hummel sees 2016 sales rise 14% to €3.5bn
NEWS Australian Securities Exchange (ASX) (see Filtration Industry Analyst, April 2017). For further information, visit www.demembranes.com and www.ntu.edu.sg
Alfa Laval forms Food & Water competence centre in Denmark
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lfa Laval is transforming its manufacturing site in Søborg, $ENMARK INTO A &OOD 7ATER competence centre. Over the next 18 months, the Alfa Laval site in Søborg will shift its focus from manufacturing to sales, research & development and engineering and supply. Søborg will also have a new testing facility. By the end of this year, the company will have transferred the production of its Alfa Laval PureBallast ballast water treatment system to its plant in Aalborg, Denmark. The production of decanters will move to Alfa Laval’s facility in Krakow, Poland. This transfer, which should be completed during the fourth quarter of 2018, is expected to affect about 100 employees in Søborg. Alfa Laval says these changes are designed to strengthen the company’s global position within food and water and to further improve cost competitiveness by consolidating manufacturing to fewer sites in Europe. “Alfa Laval has invested and built two important global competence and test centres in Denmark; in Kolding – hygienic fluid handling to the food and pharmaceutical industry, and recently in Aalborg – a unique test and training centre for different products and applications to the marine industry. Based on the positive experiences and after a careful evaluation, Søborg was our first and natural choice for a Food & Water competence centre,” said Nish Patel, president of Alfa Laval’s Food & Water division. For further information, visit www.alfalaval.com
May 2017
Mann+Hummel sees 2016 sales rise 14% to E3.5bn
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ann+Hummel increased its 2016 sales revenue by 14% to E3.48 billion, with earnings before interest, tax, depreciation and amortization %")4$! ALMOST UP ON TO E334.9 million. Negative currency effects and value adjustments on acquisitions impaired the filter company’s sales revenue and the result before interest and tax (EBIT) of E115.7 million. To ensure future profitable growth, Mann+Hummel is focusing on filtration, the company’s core technology. “Today we already develop and produce cutting edge technology for the health and mobility of people. Tomorrow we will also grow profitably more and more with filtration applications in areas which are outside of the automotive sector,” said Mann+Hummel CEO Alfred Weber. “The automotive and mechanical engineering industries are currently in a period of transition. The same is true for our business model. The drivers here are alternative transport solutions, digitalization and the growing importance of sustainability,” added Weber. In 2016 Mann+Hummel invested E126 million in R&D. According to Weber, the company plans to stay in the forefront of filtration, regardless of whether this is connected to the automotive sector, life sciences or environmental technology. Looking ahead, Weber says his company is well equipped to meet future challenges. “Mann+Hummel is financially sound and has a strong technological position. We know where we want to go and we are fit for the future.” In 2017 the Affinia Group will be consolidated for a full financial year for the first time. Weber expects group sales of around E3.8 billion in 2017 with an improvement in profitability.
Weber also sees strong opportunities in digital transformation and alternative drive systems. “The future belongs to clean, intelligent and connected machines and vehicles. This will lead to new business areas for our company,” said Weber. Mann+Hummel already has a wide range of filters for hybrid drives and will continue to expand its range of products for new applications and for the filtration of air and water. For further information, visit www.mann-hummel.com
Hadley Capital purchases Summit Filter and Shaffer Products
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rivate equity firm Hadley Capital has bought US filter bag manufacturers Summit Filter Corp and Shaffer Products Inc. Summit Filter’s product line includes filter bags for air and gas filtration and centrifuge bags for liquid filtration. Markets include asphalt plants, steel mills and foundries, power plants, minerals processing, food, chemicals and refining, and pharmaceuticals. Shaffer Products sells a range of bags and related products for air and gas and liquid filtration for industries including pharmaceuticals, food, cosmetics and chemical processing. Both companies are based in Union, New Jersey. Hadley Capital invests in or acquires small, profitable businesses with revenue of US$5 million–US$30 million. Transact Capital Partners served as the exclusive financial advisor to Summit Filter and Shaffer Products.
For further information, visit www.summitfilter.com, www.shafferproducts.com, www.hadleycapital.com and www.TransactCapital.com
Filtration Industry Analyst
3
Alfa Laval forms Food & Water competence centre in Denmark
!
lfa Laval is transforming its manufacturing site in Søborg, $ENMARK INTO A &OOD 7ATER competence centre. Over the next 18 months, the Alfa Laval site in Søborg will shift its focus from manufacturing to sales, research & development and engineering and supply. Søborg will also have a new testing facility. By the end of this year, the company will have transferred the production of its Alfa Laval PureBallast ballast water treatment system to its plant in Aalborg, Denmark. The production of decanters will move to Alfa Laval’s facility in Krakow, Poland. This transfer, which should be completed during the fourth quarter of 2018, is expected to affect about 100 employees in Søborg. Alfa Laval says these changes are designed to strengthen the company’s global position within food and water and to further improve cost competitiveness by consolidating manufacturing to fewer sites in Europe. “Alfa Laval has invested and built two important global competence and test centres in Denmark; in Kolding – hygienic fluid handling to the food and pharmaceutical industry, and recently in Aalborg – a unique test and training centre for different products and applications to the marine industry. Based on the positive experiences and after a careful evaluation, Søborg was our first and natural choice for a Food & Water competence centre,” said Nish Patel, president of Alfa Laval’s Food & Water division. For further information, visit www.alfalaval.com
May 2017
Mann+Hummel sees 2016 sales rise 14% to E3.5bn
M
ann+Hummel increased its 2016 sales revenue by 14% to E3.48 billion, with earnings before interest, tax, depreciation and amortization %")4$! ALMOST UP ON TO E334.9 million. Negative currency effects and value adjustments on acquisitions impaired the filter company’s sales revenue and the result before interest and tax (EBIT) of E115.7 million. To ensure future profitable growth, Mann+Hummel is focusing on filtration, the company’s core technology. “Today we already develop and produce cutting edge technology for the health and mobility of people. Tomorrow we will also grow profitably more and more with filtration applications in areas which are outside of the automotive sector,” said Mann+Hummel CEO Alfred Weber. “The automotive and mechanical engineering industries are currently in a period of transition. The same is true for our business model. The drivers here are alternative transport solutions, digitalization and the growing importance of sustainability,” added Weber. In 2016 Mann+Hummel invested E126 million in R&D. According to Weber, the company plans to stay in the forefront of filtration, regardless of whether this is connected to the automotive sector, life sciences or environmental technology. Looking ahead, Weber says his company is well equipped to meet future challenges. “Mann+Hummel is financially sound and has a strong technological position. We know where we want to go and we are fit for the future.” In 2017 the Affinia Group will be consolidated for a full financial year for the first time. Weber expects group sales of around E3.8 billion in 2017 with an improvement in profitability.
Weber also sees strong opportunities in digital transformation and alternative drive systems. “The future belongs to clean, intelligent and connected machines and vehicles. This will lead to new business areas for our company,” said Weber. Mann+Hummel already has a wide range of filters for hybrid drives and will continue to expand its range of products for new applications and for the filtration of air and water. For further information, visit www.mann-hummel.com
Hadley Capital purchases Summit Filter and Shaffer Products
P
rivate equity firm Hadley Capital has bought US filter bag manufacturers Summit Filter Corp and Shaffer Products Inc. Summit Filter’s product line includes filter bags for air and gas filtration and centrifuge bags for liquid filtration. Markets include asphalt plants, steel mills and foundries, power plants, minerals processing, food, chemicals and refining, and pharmaceuticals. Shaffer Products sells a range of bags and related products for air and gas and liquid filtration for industries including pharmaceuticals, food, cosmetics and chemical processing. Both companies are based in Union, New Jersey. Hadley Capital invests in or acquires small, profitable businesses with revenue of US$5 million–US$30 million. Transact Capital Partners served as the exclusive financial advisor to Summit Filter and Shaffer Products.
For further information, visit www.summitfilter.com, www.shafferproducts.com, www.hadleycapital.com and www.TransactCapital.com
Filtration Industry Analyst
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