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Netherlands Water House initiative launches in Singapore
DIVIDENDS/NEWS
Dividends UÊ Parker Hannifin Corp’s board of directors has declared a regular quarterly cash dividend of US$0.25 per share of common stock to shareholders of record on 19 November 2009. The dividend is payable on 4 December 2009. This is Parker Hannifin’s 238th consecutive quarterly dividend and involves a distribution of approximately US$40 million. www.parker.com UÊ Ê Eaton Corp quarterly dividend of US$0.50 per common share is payable on 27 November 2009, to shareholders of record on 9 November 2009. Eaton has paid dividends on common shares every year since 1923. www.eaton.com UÊ Cummins Inc’s quarterly common stock cash dividend of US$0.175 per share will be paid on 1 December 2009 to shareholders of record on 20 November 2009. www.cummins.com UÊ Met-Pro Corp has declared a quarterly dividend of US$0.06 per share which is payable on 11 December 2009 to shareholders of record on 27 November 2009. This is the 35th consecutive year that Met-Pro has paid either a cash or stock dividend. www.met-pro.com UÊ Kaydon Corp’s regular quarterly dividend of US$0.18 per common share is payable on 4 January 2010 to stockholders of record on 14 December 2009. www.kaydon.com UÊ ÀiVÌÀÃÊvÊPentair Inc have declared a regular quarterly cash dividend of US$0.18 per share payable on 13 November 2009 to shareholders of record on 30 October 2009. www.pentair.com UÊ Crane Co’s regular quarterly dividend of US$0.20 per share for the fourth quarter of 2009 will be paid on 10 December 2009 to shareholders of record on 30 November 2009. www.craneco.com UÊ Watts Water Technologies Inc, parent company of water filtration systems manufacturer Watts Premier, has declared a quarterly dividend of US$0.11 per share on the company’s Class A and B common stock. The dividend is payable on 4 December 2009, to stockholders of record on 23 November 2009. www.wattswater.com 4
Filtration Industry Analyst
ITT Saudi Co will provide local engineering, sales and aftermarket support for ITT brands such as Goulds Pumps, PumpSmart controls, Plant Performance Services, ProCast replacement parts, PRO Services, Pure-Flo, Engineered Valves, C’treat watermaker treatment products and ITT BIW Connectors for electric submersible motors. The new ITT facility will offer local manufacturing and distribution of a full range of process pumps and systems, including petroleum industry pumps in full compliance with API 610, 10th Edition standards as well as quality assurance of new or repaired equipment, hydraulics testing for horizontal and vertical turbine pumps; service and repair of process pumps and valves from ITT and all other original equipment manufacturers; installation and commissioning support; and onsite training. Moe Merah, ITT vice president, Sales & Operations, for Europe, Middle East and Africa, said that the new operation will help ITT support rapid economic growth in the Gulf Region. “Despite the global recession, our Gulf Region customers in the oil and gas, chemical, and power industries have shown significant growth and increased production. In partnership with other ITT divisions in the area, we will assist continued growth and expansion with faster, easier access to our world-class products and support from within the Middle East.” For further information, visit www.itt.com and www. ittindustrialproducts.com
Craton Equity Partners invests in Rypos
D
iesel particulate filter manufacturer Rypos Inc has secured US$8 million in funding from Craton Equity Partners, a California clean technology fund. Founded in 1996 by a group of scientists and entrepreneurs, Rypos specializes in diesel particulate filter technology. “Rypos is committed to leading clean air initiatives in California and across the nation. The company’s diesel particulate filters are the most advanced after market solution to controlling harmful emissions from diesel engines,” said Bob MacDonald, managing partner of Craton Equity Partners. “These emissions are a major contributor to particulate matter (PM) that has been identi-
fied by health experts and the California Air Resources Board as contributing to a variety of lung related illnesses and increasing the risk of cancer in humans. The work that Rypos is doing is critical to reducing this risk to public health.” “The demand for high quality diesel particulate filters due to California and EPA regulations has fueled Rypos’ rapid growth,” said Peter Bransfield, CEO of Rypos. “Craton’s immersion in the regulations and technology that will impact environmental quality is extensive and will provide Rypos with new channels to meet the needs of the marketplace.” For further information, visit www.cratonep.com and www.rypos.com
Netherlands Water House initiative launches in Singapore
T
he Netherlands Water Partnership (NWP) and PUB, Singapore’s national water agency, have set up the Netherlands Water House to enhance cooperation and strengthen ties between the two countries’ businesses and research institutes in the water sector. NWH representatives will organize and participate in meetings, conferences, symposia workshops, courses and exhibitions. The NWH will also promote Dutch knowledge and expertise in water technology and water management in Singapore and other countries in the region. “The Netherlands is eager to expand its well established water-related expertise and business to Asia. This provides excellent synergies with Singapore’s research and development activities and impressive efforts to establish itself as a hub for the water market. The ambitions of Singapore and The Netherlands are strongly mutually reinforcing and we are very excited about further strengthening the ties with PUB and Singapore,” said Dr Tjibbe Bouma, the driving force behind the Netherlands Water House in Singapore on behalf of NWP. “Today, there are more than 50 local and international companies in Singapore and we aim to grow this further. The collaboration with Netherlands Water Partnership marks an important step towards advanc-
November 2009
NEWS/IN BRIEF ing Singapore’s global hydrohub aspirations. This alliance will lead to a more vibrant and active Dutch water business community here,” said Khoo Teng Chye, PUB chief executive and executive director of Singapore’s Environment and Water Industry Development Council. For further information, visit www.nwp.nl and www.pub.gov.sg
“We are delighted to have won this prestigious award, a prize that fully recognises the values at the heart of Modern Water. Environmental responsibility and sustainable behaviour have, and always will be, at the core of our business. On behalf of the board of directors, I would like to thank all of the Modern Water team for their hard work that continues to be recognized with awards such as this one,” said Modern Water executive chairman Neil McDougall.
Gamma Holding divests Coating & Composites business
For further information, visit www.modernwater.co.uk
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M
amma Holding has sold almost all of its Coating & Composites business unit to the German industrial company Jagenberg AG for E37.5 million. As a result of the sale, Gamma Holding has reduced its debt. Gamma Holding says that it will continue to focus on further strengthening its market positions and on implementing its programme of cost savings within its remaining business units – Belting, Filtration, Sailcloth, Sleep Care Fabrics and Exotic Fabrics. For further information, visit www.gammaholding.nl
Modern Water wins AIM sustainability award
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odern Water plc has won the Achievement in Sustainability award at the 2009 AIM Awards, organized by the London Stock Exchange. The water technology company was recognized by the voting panel for its efforts in economic, environmental and social sustainability. Modern Water owns and is developing a portfolio of water technologies that help to address the global problems of fresh water availability and the treatment and disposal of wastewater. One of Modern Water’s core assets is a desalination technology that uses a patented manipulated osmosis process. AIM is the London Stock Exchange’s international market for smaller growing companies. Modern Water plc is listed on the AIM market.
November 2009
Millipore goes solar illipore Corp has completed a US$2 million solar panel installation project at its Bedford, Massachusetts, facility. Over the past six months, Millipore worked with several vendors to design and install the solar panel system, which includes 1383 Sharp panels and 4 Solectria inverters. It will produce about 352 000 KWH/yr or, approximately 35 homes worth of electricity, which will be used to augment the electricity purchased from the grid to run Millipore’s facilities. Millipore’s solar panel project is one of the largest solar photovoltaic projects ever completed in Massachusetts and is the first renewable energy project the company has implemented in the US. “Millipore’s investment in solar energy reflects our commitment to reducing our environmental impact and developing the industry’s leading sustainability program,” said Millipore chairman and CEO Martin Madaus. “The primary focus of our sustainability program has been on reducing our environmental impacts—particularly waste, water and climate change,” said David Newman, Director of Sustainability for Millipore. “The changes we are implementing not only make sense for the environment, but they also have a considerable positive impact on our business. We are excited about completing the solar panel project, which marks an important continuation of our efforts to embrace renewable energy throughout the company.” Millipore launched a sustainability initiative in 2008 focused on reducing the company’s impact on climate change, reducing waste, and changing employee behaviours.
For further information, visit www.millipore.com
In Brief UÊ >vÀ>Ê Ü>ÌiÀÊ vÌÀ>ÌÊ Vpany Puronics Inc has joined the Environmental Protection Agency’s (EPA) Climate Leaders program. This program guides and recognizes companies developing long-term climate change strategies. As part of Puronics’ climate change strategy, the company is currently investigating adding a solar photovoltaic system in an effort to reduce its usage of electricity from greenhouse gas emitting power plants by 50%. www.puronics.com UÊ Seprotech Systems Inc has reached agreement with a number of creditors to convert C$233 394.71 of debt for shares in the company (see Filtration Industry Analyst, October and August 2009). “This measure amongst others reflects management’s priority to strengthen Seprotech’s balance sheet and sets a solid foundation for renewed growth in anticipation of a rebound in the global economy,” said Martin Hauschild, president & CEO of Seprotech. www.seprotech.com UÊ Natco Al-Rushaid Middle East Ltd’s fabrication facility in Jubail, Saudi Arabia, is now fully operational (see Filtration Industry Analyst, December 2008). The joint venture facility is designed to produce pressure vessels including desalters, dehydrators, filters, hydrocyclones, and other equipment for the upstream, downstream and petrochemical markets. www.natco-us.com and www.al-rushaid.com UÊ Parkson Corp has launched an Excellent Leadership in Technology and Engineering (ELITE) program designed to hold informal discussions and presentations in regularly scheduled sessions to exchange ideas, specialized knowledge and application experiences. Parkson will hold 12 brainstorming sessions in 2009 and over 30 sessions next year. “Parkson is a knowledge-based company and is committed to building its expertise in Water and Wastewater treatment worldwide. As we expand our footprint, the ELITE seminars will enable the Parkson team to capture and disseminate these experiences in a systematic and methodical manner,” said Zain Mahmood, Parkson president and CEO. www.parkson.com
Filtration Industry Analyst
5
Dividends UÊ Parker Hannifin Corp’s board of directors has declared a regular quarterly cash dividend of US$0.25 per share of common stock to shareholders of record on 19 November 2009. The dividend is payable on 4 December 2009. This is Parker Hannifin’s 238th consecutive quarterly dividend and involves a distribution of approximately US$40 million. www.parker.com UÊ Ê Eaton Corp quarterly dividend of US$0.50 per common share is payable on 27 November 2009, to shareholders of record on 9 November 2009. Eaton has paid dividends on common shares every year since 1923. www.eaton.com UÊ Cummins Inc’s quarterly common stock cash dividend of US$0.175 per share will be paid on 1 December 2009 to shareholders of record on 20 November 2009. www.cummins.com UÊ Met-Pro Corp has declared a quarterly dividend of US$0.06 per share which is payable on 11 December 2009 to shareholders of record on 27 November 2009. This is the 35th consecutive year that Met-Pro has paid either a cash or stock dividend. www.met-pro.com UÊ Kaydon Corp’s regular quarterly dividend of US$0.18 per common share is payable on 4 January 2010 to stockholders of record on 14 December 2009. www.kaydon.com UÊ ÀiVÌÀÃÊvÊPentair Inc have declared a regular quarterly cash dividend of US$0.18 per share payable on 13 November 2009 to shareholders of record on 30 October 2009. www.pentair.com UÊ Crane Co’s regular quarterly dividend of US$0.20 per share for the fourth quarter of 2009 will be paid on 10 December 2009 to shareholders of record on 30 November 2009. www.craneco.com UÊ Watts Water Technologies Inc, parent company of water filtration systems manufacturer Watts Premier, has declared a quarterly dividend of US$0.11 per share on the company’s Class A and B common stock. The dividend is payable on 4 December 2009, to stockholders of record on 23 November 2009. www.wattswater.com 4
Filtration Industry Analyst
ITT Saudi Co will provide local engineering, sales and aftermarket support for ITT brands such as Goulds Pumps, PumpSmart controls, Plant Performance Services, ProCast replacement parts, PRO Services, Pure-Flo, Engineered Valves, C’treat watermaker treatment products and ITT BIW Connectors for electric submersible motors. The new ITT facility will offer local manufacturing and distribution of a full range of process pumps and systems, including petroleum industry pumps in full compliance with API 610, 10th Edition standards as well as quality assurance of new or repaired equipment, hydraulics testing for horizontal and vertical turbine pumps; service and repair of process pumps and valves from ITT and all other original equipment manufacturers; installation and commissioning support; and onsite training. Moe Merah, ITT vice president, Sales & Operations, for Europe, Middle East and Africa, said that the new operation will help ITT support rapid economic growth in the Gulf Region. “Despite the global recession, our Gulf Region customers in the oil and gas, chemical, and power industries have shown significant growth and increased production. In partnership with other ITT divisions in the area, we will assist continued growth and expansion with faster, easier access to our world-class products and support from within the Middle East.” For further information, visit www.itt.com and www. ittindustrialproducts.com
Craton Equity Partners invests in Rypos
D
iesel particulate filter manufacturer Rypos Inc has secured US$8 million in funding from Craton Equity Partners, a California clean technology fund. Founded in 1996 by a group of scientists and entrepreneurs, Rypos specializes in diesel particulate filter technology. “Rypos is committed to leading clean air initiatives in California and across the nation. The company’s diesel particulate filters are the most advanced after market solution to controlling harmful emissions from diesel engines,” said Bob MacDonald, managing partner of Craton Equity Partners. “These emissions are a major contributor to particulate matter (PM) that has been identi-
fied by health experts and the California Air Resources Board as contributing to a variety of lung related illnesses and increasing the risk of cancer in humans. The work that Rypos is doing is critical to reducing this risk to public health.” “The demand for high quality diesel particulate filters due to California and EPA regulations has fueled Rypos’ rapid growth,” said Peter Bransfield, CEO of Rypos. “Craton’s immersion in the regulations and technology that will impact environmental quality is extensive and will provide Rypos with new channels to meet the needs of the marketplace.” For further information, visit www.cratonep.com and www.rypos.com
Netherlands Water House initiative launches in Singapore
T
he Netherlands Water Partnership (NWP) and PUB, Singapore’s national water agency, have set up the Netherlands Water House to enhance cooperation and strengthen ties between the two countries’ businesses and research institutes in the water sector. NWH representatives will organize and participate in meetings, conferences, symposia workshops, courses and exhibitions. The NWH will also promote Dutch knowledge and expertise in water technology and water management in Singapore and other countries in the region. “The Netherlands is eager to expand its well established water-related expertise and business to Asia. This provides excellent synergies with Singapore’s research and development activities and impressive efforts to establish itself as a hub for the water market. The ambitions of Singapore and The Netherlands are strongly mutually reinforcing and we are very excited about further strengthening the ties with PUB and Singapore,” said Dr Tjibbe Bouma, the driving force behind the Netherlands Water House in Singapore on behalf of NWP. “Today, there are more than 50 local and international companies in Singapore and we aim to grow this further. The collaboration with Netherlands Water Partnership marks an important step towards advanc-
November 2009
NEWS/IN BRIEF ing Singapore’s global hydrohub aspirations. This alliance will lead to a more vibrant and active Dutch water business community here,” said Khoo Teng Chye, PUB chief executive and executive director of Singapore’s Environment and Water Industry Development Council. For further information, visit www.nwp.nl and www.pub.gov.sg
“We are delighted to have won this prestigious award, a prize that fully recognises the values at the heart of Modern Water. Environmental responsibility and sustainable behaviour have, and always will be, at the core of our business. On behalf of the board of directors, I would like to thank all of the Modern Water team for their hard work that continues to be recognized with awards such as this one,” said Modern Water executive chairman Neil McDougall.
Gamma Holding divests Coating & Composites business
For further information, visit www.modernwater.co.uk
G
M
amma Holding has sold almost all of its Coating & Composites business unit to the German industrial company Jagenberg AG for E37.5 million. As a result of the sale, Gamma Holding has reduced its debt. Gamma Holding says that it will continue to focus on further strengthening its market positions and on implementing its programme of cost savings within its remaining business units – Belting, Filtration, Sailcloth, Sleep Care Fabrics and Exotic Fabrics. For further information, visit www.gammaholding.nl
Modern Water wins AIM sustainability award
M
odern Water plc has won the Achievement in Sustainability award at the 2009 AIM Awards, organized by the London Stock Exchange. The water technology company was recognized by the voting panel for its efforts in economic, environmental and social sustainability. Modern Water owns and is developing a portfolio of water technologies that help to address the global problems of fresh water availability and the treatment and disposal of wastewater. One of Modern Water’s core assets is a desalination technology that uses a patented manipulated osmosis process. AIM is the London Stock Exchange’s international market for smaller growing companies. Modern Water plc is listed on the AIM market.
November 2009
Millipore goes solar illipore Corp has completed a US$2 million solar panel installation project at its Bedford, Massachusetts, facility. Over the past six months, Millipore worked with several vendors to design and install the solar panel system, which includes 1383 Sharp panels and 4 Solectria inverters. It will produce about 352 000 KWH/yr or, approximately 35 homes worth of electricity, which will be used to augment the electricity purchased from the grid to run Millipore’s facilities. Millipore’s solar panel project is one of the largest solar photovoltaic projects ever completed in Massachusetts and is the first renewable energy project the company has implemented in the US. “Millipore’s investment in solar energy reflects our commitment to reducing our environmental impact and developing the industry’s leading sustainability program,” said Millipore chairman and CEO Martin Madaus. “The primary focus of our sustainability program has been on reducing our environmental impacts—particularly waste, water and climate change,” said David Newman, Director of Sustainability for Millipore. “The changes we are implementing not only make sense for the environment, but they also have a considerable positive impact on our business. We are excited about completing the solar panel project, which marks an important continuation of our efforts to embrace renewable energy throughout the company.” Millipore launched a sustainability initiative in 2008 focused on reducing the company’s impact on climate change, reducing waste, and changing employee behaviours.
For further information, visit www.millipore.com
In Brief UÊ >vÀ>Ê Ü>ÌiÀÊ vÌÀ>ÌÊ Vpany Puronics Inc has joined the Environmental Protection Agency’s (EPA) Climate Leaders program. This program guides and recognizes companies developing long-term climate change strategies. As part of Puronics’ climate change strategy, the company is currently investigating adding a solar photovoltaic system in an effort to reduce its usage of electricity from greenhouse gas emitting power plants by 50%. www.puronics.com UÊ Seprotech Systems Inc has reached agreement with a number of creditors to convert C$233 394.71 of debt for shares in the company (see Filtration Industry Analyst, October and August 2009). “This measure amongst others reflects management’s priority to strengthen Seprotech’s balance sheet and sets a solid foundation for renewed growth in anticipation of a rebound in the global economy,” said Martin Hauschild, president & CEO of Seprotech. www.seprotech.com UÊ Natco Al-Rushaid Middle East Ltd’s fabrication facility in Jubail, Saudi Arabia, is now fully operational (see Filtration Industry Analyst, December 2008). The joint venture facility is designed to produce pressure vessels including desalters, dehydrators, filters, hydrocyclones, and other equipment for the upstream, downstream and petrochemical markets. www.natco-us.com and www.al-rushaid.com UÊ Parkson Corp has launched an Excellent Leadership in Technology and Engineering (ELITE) program designed to hold informal discussions and presentations in regularly scheduled sessions to exchange ideas, specialized knowledge and application experiences. Parkson will hold 12 brainstorming sessions in 2009 and over 30 sessions next year. “Parkson is a knowledge-based company and is committed to building its expertise in Water and Wastewater treatment worldwide. As we expand our footprint, the ELITE seminars will enable the Parkson team to capture and disseminate these experiences in a systematic and methodical manner,” said Zain Mahmood, Parkson president and CEO. www.parkson.com
Filtration Industry Analyst
5