Metso to acquire full ownership of China's Shaorui Heavy Industries

NEWS The BioBooster facility will treat all domestic wastewater, which accounts for 60–70% of the factory’s wastewater. Other wastewater treatment technologies, as well as rainwater harvesting technology, will provide the additional steps towards a closed loop where the industrial facility will operate with minimal water footprint. As a group, Grundfos is aiming to halve its own water consumption by 2025 and save 50 billion m3 of fresh water by 2030 (see Filtration Industry Analyst, August 2019). “We have made a big investment here in Indjija because it is the right thing to do. As a company, we have an obligation to be first movers and clean our own water – to keep order in our own house so to speak. I am confident this can be a major inspiration within our company and to other companies as well,” said Veljko Todorović, plant director, Grundfos Serbia. “This is a major milestone, and I want to thank everyone who has helped make this possible. We are the first to implement this technology in the area, we want to inspire and help take care of the environment in the whole region. We hope to continue our great working relationship with the local authorities in this respect,” said Stéphane Simonetta, group executive vice president, COO, Grundfos. The Indjija production site produces more than 4 million pump units per year and is Grundfos’s third largest production facility. For further information, visit www.grundfos.com

LiqTech seals BS Plastic acquisition

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iqTech International Inc has acquired Danish plastics manufacturer BS Plastic A/S (see Filtration Industry Analyst, August 2019). The acquisition will allow LiqTech to in-source certain components of its proprietary ceramic silicon carbide water filtration systems for closed loop marine scrubber applications. BS Plastic was founded in 1958 as a provider of machined and welded plastic parts and is currently a supplier of plastic components to LiqTech. Recently, BS Plastic has focused on parts for the prepress, UV and aquaculture market segments. “The acquisition of BS Plastic advances one of the key components to the margin optimisation program the company laid out at the beginning of this year – the in-sourcing 4

Filtration Industry Analyst

of certain manufacturing activities,” said Sune Mathiesen, CEO of LiqTech International. “By bringing the manufacturing of certain plastic tanks and machined plastics products for our water filtration systems in-house, we expect to save upwards of US$1 million annually based on our current production levels, with more significant savings in the years to come as volumes increase.” LiqTech paid approximately US$1.4 million upfront for BS Plastics, with an additional US$900 000 possible through earnouts over the next three years. LiqTech funded the acquisition from cash on hand. Based on expected improvement to gross profits from the acquisition as well as contributions from BS Plastics’ other operations, LiqTech expects a return on investment in around one year. For further information, visit www.liqtech.com and www.bs-plastic.dk

“Establishment of a subsidiary in Peru is an important part of our long-term strategic plan to improve Flowrox’s capabilities to support customers in Peru. Especially the strong support from our Peruvian customers encouraged us to proceed with this strategic investment,” said Jukka Koskela, CEO and president of Flowrox Group. “Flowrox offering includes our well-known pinch and knife gate valves, heavy-duty slurry pumps, filtration systems, filter spares and related services. Investments to product development and customer support continue and new, even better products will be brought to the market,” said Fernando Henriquez, general manager of Flowrox Peru SAC. Flowrox already has subsidiaries in Australia, Chile, China, South Africa, Russia, Sweden and the United States as well as more than 230 sales representatives in over 80 countries. For further information, visit www.flowrox.com

Metso to acquire full ownership of China’s Shaorui Heavy Industries

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etso Corp has exercised its option to acquire the remaining 25% interest in Shaorui Heavy Industries Ltd, a Chinese manufacturer of crushing and screening equipment. The Finnish company took a 75% stake in Shaorui Heavy Industries in 2013. “Shaorui business is growing and our expectations are positive. Today, they are one of the leading mid-market crushing and screening equipment producers in China, and full ownership provides us an opportunity to broaden our scope in terms of new markets and offering,” said Markku Simula, president of Metso’s Aggregates Equipment business area. The deal is expected to be completed during the fourth quarter of 2019.

For further information, visit www.metso.com and www.shaoruiheavy.com

Flowrox sets up subsidiary in Peru

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inland’s Flowrox has officially opened its ninth subsidiary, Flowrox SAC in Lima, Peru.

Desmi increases production capacity

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esmi Pumping Technology A/S has increased its production capacity and can now manufacture more than 25 000 pumps per year. The Danish company has made investments in its foundry and machinery, with a new grinding area and extra crane capacity. This has increased Desmi’s capacity for raw castings and machined items by 200% compared to 2018. Desmi has also expanded its pump assembly and warehousing area, to meet market demand for pump solutions, scrubbers and ballast water management systems. For further information, visit www.desmi.com

Pentair publishes 2018 Corporate Responsibility Report

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entair’s recently released Corporate Responsibility Report puts a spotlight on the company’s corporate and community citizenship from the 2018 fiscal year. The report features a number of Pentair success stories including winning a fifth

September 2019