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Netzsch opens new pump service centre in Texas
DIVIDENDS/NEWS
Dividends • Spain’s Fluidra SA will not distribute dividends this year, although it anticipates resuming payments to shareholders in 2019 after deleveraging the debt arising from the merger with the US company Zodiac (see Pump Industry Analyst, November 2017). www.fluidra.com and www.zodiac.com • The Weir Group plc board of directors has approved an interim dividend of 15.75p, up from 15.0p in 2017. This year’s interim dividend will be paid on 2 November 2018 to shareholders on the register on 12 October 2018. www.global.weir • Lindsay Corp’s board has announced a regular quarterly cash dividend of US$0.31 per share, payable on 31 August 2018, to shareholders of record on 17 August 2018. This quarterly cash dividend rate represents a 3.3% increase in the previous quarterly indicated rate of US$0.30 per share. The new annual indicated rate is US$1.24 per share, up from last year’s US$1.20 per share. At 19 March 2018, Lindsay had approximately 10.8 million shares outstanding. Lindsay’s shares are traded on the New York Stock Exchange under the symbol LNN. www.lindsay.com • The Gorman-Rupp Co board has declared a quarterly cash dividend of US$0.125 per share on the company’s common stock, which is payable on 10 September 2018, to shareholders of record on 15 August 2018. This will mark the 274th consecutive quarterly dividend paid by Gorman-Rupp. www.gorman-rupp.com • Franklin Electric Co Inc’s next quarterly cash dividend of US$0.12 per share will be payable on 16 August 2018 to shareowners of record on 2 August 2018. www.franklin-electric.com
on the success of our hard work, and we look forward to watching it grow.” PumpMan Holdings, a Soundcore Capital Partners LLC portfolio company, was formed in 2016 following the acquisition of Baldwin Park, California-based PumpMan Inc (see Pump Industry Analyst, September 2016). PumpMan currently provides onsite service, repair, parts and expertise to the commercial, municipal and industrial markets in Southern California (PumpMan SoCal), Northern California (Bartley Pump), the Greater Philadelphia area (PumpMan Philly), the Pittsburgh market (PumpMan Pittsburgh), and the New York Metro Area (Federal Pump). For further information, visit www.pumpman.com, www.groundwaterpumpandwell.com, www.southwestwaterworkscontractors.com and www.soundcorecap.com
Netzsch opens new pump service centre in Texas
N
etzsch Pumps North America LLC has set up a new service centre just north of Houston, Texas, USA providing field service, rental equipment and other pump services. The 4900 sq ft warehouse and office space allows Netzsch to deliver local service to pump customers throughout Texas. The new Netzsch Sales & Service Center will be a base for local technical support, inventory and its AWS certified field service technician. The Netzsch Service Center features an onsite pump stand, enabling customers to witness hydraulic tests on repaired or new pumps before they are installed on their plant site. The Netzsch Service Center will also have rental stock for customers looking to test the T2 rotary lobe pump within their new or existing systems. The facility also has a 1-ton crane, forklift and fully outfitted service truck for field service needs. For further information, visit www.pumps.netzsch.com
4
Pump Industry Analyst
Grundfos to host global customer forum online
P
ump manufacturer Grundfos is opening its global customer forum to the world through a virtual conference. In a first for the event, the Grundfos Forum 2018 will be broadcasting from Suzhou, China via a virtual conference. This will give professionals from all over the world the opportunity to hear from engineers, government leaders, consultants, academics and other key decision-makers about ways to move and manage the world’s water, under this year’s theme of ‘Intelligent Connectivity’. The virtual conference will be broadcast live on 15 and 16 August 2018, and OnDemand from 17 August to 14 October 2018. As well as accessing talks, events and breakout sessions, participants will also get to take part in the forum’s interactive spaces, interact with forum participants, and chat with experts while exploring the exhibition area. “We have received tremendous feedback from business leaders and our customers about the insight and learnings that they have gained from attending our forum over the years,” said Kim Jensen, regional managing director of Grundfos Asia Pacific region. “This year, we are hosting the conference online so that we can reach more industry professionals who are not able to make it to the event in person.” “Just as how technology has changed our relationship with water, it has transformed the way we get to engage with one another. With the virtual conference, people will not only get to tap into a wealth of knowledge, but also actively participate in the discussions with our experts and other participants.” To encourage greater engagement, online participants will also be automatically enrolled into the leaderboard challenge, where points are gained through participation. The top five participants will win a trip to Grundfos’s headquarters in Bjerringbro, Denmark. Register for the Virtual Conference at https://grundfos.6connex.com/event/Forum2018/login
July 2018
Dividends • Spain’s Fluidra SA will not distribute dividends this year, although it anticipates resuming payments to shareholders in 2019 after deleveraging the debt arising from the merger with the US company Zodiac (see Pump Industry Analyst, November 2017). www.fluidra.com and www.zodiac.com • The Weir Group plc board of directors has approved an interim dividend of 15.75p, up from 15.0p in 2017. This year’s interim dividend will be paid on 2 November 2018 to shareholders on the register on 12 October 2018. www.global.weir • Lindsay Corp’s board has announced a regular quarterly cash dividend of US$0.31 per share, payable on 31 August 2018, to shareholders of record on 17 August 2018. This quarterly cash dividend rate represents a 3.3% increase in the previous quarterly indicated rate of US$0.30 per share. The new annual indicated rate is US$1.24 per share, up from last year’s US$1.20 per share. At 19 March 2018, Lindsay had approximately 10.8 million shares outstanding. Lindsay’s shares are traded on the New York Stock Exchange under the symbol LNN. www.lindsay.com • The Gorman-Rupp Co board has declared a quarterly cash dividend of US$0.125 per share on the company’s common stock, which is payable on 10 September 2018, to shareholders of record on 15 August 2018. This will mark the 274th consecutive quarterly dividend paid by Gorman-Rupp. www.gorman-rupp.com • Franklin Electric Co Inc’s next quarterly cash dividend of US$0.12 per share will be payable on 16 August 2018 to shareowners of record on 2 August 2018. www.franklin-electric.com
on the success of our hard work, and we look forward to watching it grow.” PumpMan Holdings, a Soundcore Capital Partners LLC portfolio company, was formed in 2016 following the acquisition of Baldwin Park, California-based PumpMan Inc (see Pump Industry Analyst, September 2016). PumpMan currently provides onsite service, repair, parts and expertise to the commercial, municipal and industrial markets in Southern California (PumpMan SoCal), Northern California (Bartley Pump), the Greater Philadelphia area (PumpMan Philly), the Pittsburgh market (PumpMan Pittsburgh), and the New York Metro Area (Federal Pump). For further information, visit www.pumpman.com, www.groundwaterpumpandwell.com, www.southwestwaterworkscontractors.com and www.soundcorecap.com
Netzsch opens new pump service centre in Texas
N
etzsch Pumps North America LLC has set up a new service centre just north of Houston, Texas, USA providing field service, rental equipment and other pump services. The 4900 sq ft warehouse and office space allows Netzsch to deliver local service to pump customers throughout Texas. The new Netzsch Sales & Service Center will be a base for local technical support, inventory and its AWS certified field service technician. The Netzsch Service Center features an onsite pump stand, enabling customers to witness hydraulic tests on repaired or new pumps before they are installed on their plant site. The Netzsch Service Center will also have rental stock for customers looking to test the T2 rotary lobe pump within their new or existing systems. The facility also has a 1-ton crane, forklift and fully outfitted service truck for field service needs. For further information, visit www.pumps.netzsch.com
4
Pump Industry Analyst
Grundfos to host global customer forum online
P
ump manufacturer Grundfos is opening its global customer forum to the world through a virtual conference. In a first for the event, the Grundfos Forum 2018 will be broadcasting from Suzhou, China via a virtual conference. This will give professionals from all over the world the opportunity to hear from engineers, government leaders, consultants, academics and other key decision-makers about ways to move and manage the world’s water, under this year’s theme of ‘Intelligent Connectivity’. The virtual conference will be broadcast live on 15 and 16 August 2018, and OnDemand from 17 August to 14 October 2018. As well as accessing talks, events and breakout sessions, participants will also get to take part in the forum’s interactive spaces, interact with forum participants, and chat with experts while exploring the exhibition area. “We have received tremendous feedback from business leaders and our customers about the insight and learnings that they have gained from attending our forum over the years,” said Kim Jensen, regional managing director of Grundfos Asia Pacific region. “This year, we are hosting the conference online so that we can reach more industry professionals who are not able to make it to the event in person.” “Just as how technology has changed our relationship with water, it has transformed the way we get to engage with one another. With the virtual conference, people will not only get to tap into a wealth of knowledge, but also actively participate in the discussions with our experts and other participants.” To encourage greater engagement, online participants will also be automatically enrolled into the leaderboard challenge, where points are gained through participation. The top five participants will win a trip to Grundfos’s headquarters in Bjerringbro, Denmark. Register for the Virtual Conference at https://grundfos.6connex.com/event/Forum2018/login
July 2018