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Nikkiso-KSB JV moves to new site
NEWS/DIVIDENDS “PIAB has seen a steady increase in demand throughout emerging markets such as China, India and Latin America,” said Per-Erik Lindquist, CEO of PIAB. “To meet this demand, PIAB has expanded its presence within these regions. We already have a strong presence in both China and Latin America. As we expect India to achieve 20% growth in sales in the next five years, it made sense to establish a local office so we can better serve customers and distributors.”
Located in Baner, on the outskirts of Pune, on the main Pune-Bangalore highway, the new green office building reflects KBL’s commitment to energy efficiency and sustainable development. The new facility is designed to accommodate more than 500 employees, on a campus with corporate offices, a club house and a utility centre. For further information, visit http://web.kbl.co.in
For further information, visit www.piab.com
Nikkiso-KSB JV moves to new site
T
he German-Japanese joint venture Nikkiso-KSB GmbH has inaugurated a new facility in Bruchköbel, Germany. The company, which was founded by KSB and Nikkiso last year, is the second-largest supplier of canned motor pumps for process engineering in Europe (see Pump Industry Analyst, May 2008). The employees moved to Bruchköbel earlier this year from the company’s previous headquarters in Altenstadt. The site in Bruchköbel, which covers a total area of 7500 sq m, houses facilities for machining and assembly, as well as the competence centre for sales, order processing and customised design. The chairman and CEO of Nikkiso Co, Toshihiko Kai, and Jan Stoop, a member of KSB AG’s board of management, officially opened the new site. For further information, visit www.ksb.de and www. nikkiso.co.jp
Kirloskar Brothers opens new corporate office
K
irloskar Brothers Ltd’s (KBL) new corporate offices have been officially opened.
May 2009
Water technology innovators honoured
A
number of pump and pumprelated companies have featured in The Artemis Project’s first annual Top 50 Water Companies Competition. The awards identify the leading gamechanging technologies that provide venture grade investment opportunities in the water sector. The companies were selected by a panel of experts based on an integrated matrix of four criteria: technology, intellectual property and know-how, team and market potential. Grundfos BioBooster A/S, based in Bjerringbro, Denmark, was ranked at number 35, while Ocean Pacific Technologies, a Californian developer of axial piston pump and energy recovery (ER) products specifically designed for the desalination industry was 38th. In addition to selecting the leading early-stage companies in advanced high technology, The Artemis Project Water Top 50 Competition selected five established water-related companies to honour for pioneering technologies that they are developing in-house. These included Energy Recovery Inc.
For further information and a full listing of the winners, visit www.theartemisproject.com/competitionpage.html, www.grundfos.com, www.ocean-pacific-tec.com and www.energyrecovery.com
Dividends UÊ Danaher Corp, which owns Red Jacket pumps, has approved a regular quarterly dividend of US$0.03 per share payable on 31 July 2009 to holders of record on 26 June 2009. www.danaher.com UÊ Alfa Laval’s proposed dividend of SKr2.25 per share for 2008 (2007: SKr2.25) was approved at the Swedish company’s annual meeting of shareholders in Stockholm at the end of April. The dividend per share corresponds to a payment of SKr950 million (2007: SKr963 million). The remaining SKr3644 of income available for distribution was carried forward. www.alfalaval.com UÊ Kirloskar Brothers Ltd’s board of directors has recommended a dividend payment of Rs2 per share for the financial year ended 31 March 2009. http://web.kbl.co.in UÊ Flowserve Corp’s board has authorized the payment of a quarterly cash dividend of US$0.27 per share on the company’s outstanding shares of common stock. The dividend is payable on 8 July 2009 to shareholders of record as of the close of business on 24 June 2009. www.flowserve.com UÊ / iÊITT Corp board has declared a cash dividend of US$0.2125 per share for the second quarter of 2009. This cash dividend will be payable on 1 July 2009 to shareholders of record on 22 May 2009. In February this year, ITT raised its quarterly dividend by 22% to its current level from US$0.175 per share. www.itt.com UÊ Curtiss-Wright Corp will pay a dividend of US$0.08 per share on 16 July 2009 to stockholders of record on 2 July 2009. www.curtisswright.com UÊ The Gorman-Rupp Co’s quarterly cash dividend of US$0.10 per share on the common stock of the company will be paid on 10 June 2009, to shareholders of record on 15 May 2009. This marks the 237th consecutive dividend paid by Gorman-Rupp. UÊ ÜÜÜ°}À>ÀÕ««°V
Pump Industry Analyst
13
Located in Baner, on the outskirts of Pune, on the main Pune-Bangalore highway, the new green office building reflects KBL’s commitment to energy efficiency and sustainable development. The new facility is designed to accommodate more than 500 employees, on a campus with corporate offices, a club house and a utility centre. For further information, visit http://web.kbl.co.in
For further information, visit www.piab.com
Nikkiso-KSB JV moves to new site
T
he German-Japanese joint venture Nikkiso-KSB GmbH has inaugurated a new facility in Bruchköbel, Germany. The company, which was founded by KSB and Nikkiso last year, is the second-largest supplier of canned motor pumps for process engineering in Europe (see Pump Industry Analyst, May 2008). The employees moved to Bruchköbel earlier this year from the company’s previous headquarters in Altenstadt. The site in Bruchköbel, which covers a total area of 7500 sq m, houses facilities for machining and assembly, as well as the competence centre for sales, order processing and customised design. The chairman and CEO of Nikkiso Co, Toshihiko Kai, and Jan Stoop, a member of KSB AG’s board of management, officially opened the new site. For further information, visit www.ksb.de and www. nikkiso.co.jp
Kirloskar Brothers opens new corporate office
K
irloskar Brothers Ltd’s (KBL) new corporate offices have been officially opened.
May 2009
Water technology innovators honoured
A
number of pump and pumprelated companies have featured in The Artemis Project’s first annual Top 50 Water Companies Competition. The awards identify the leading gamechanging technologies that provide venture grade investment opportunities in the water sector. The companies were selected by a panel of experts based on an integrated matrix of four criteria: technology, intellectual property and know-how, team and market potential. Grundfos BioBooster A/S, based in Bjerringbro, Denmark, was ranked at number 35, while Ocean Pacific Technologies, a Californian developer of axial piston pump and energy recovery (ER) products specifically designed for the desalination industry was 38th. In addition to selecting the leading early-stage companies in advanced high technology, The Artemis Project Water Top 50 Competition selected five established water-related companies to honour for pioneering technologies that they are developing in-house. These included Energy Recovery Inc.
For further information and a full listing of the winners, visit www.theartemisproject.com/competitionpage.html, www.grundfos.com, www.ocean-pacific-tec.com and www.energyrecovery.com
Dividends UÊ Danaher Corp, which owns Red Jacket pumps, has approved a regular quarterly dividend of US$0.03 per share payable on 31 July 2009 to holders of record on 26 June 2009. www.danaher.com UÊ Alfa Laval’s proposed dividend of SKr2.25 per share for 2008 (2007: SKr2.25) was approved at the Swedish company’s annual meeting of shareholders in Stockholm at the end of April. The dividend per share corresponds to a payment of SKr950 million (2007: SKr963 million). The remaining SKr3644 of income available for distribution was carried forward. www.alfalaval.com UÊ Kirloskar Brothers Ltd’s board of directors has recommended a dividend payment of Rs2 per share for the financial year ended 31 March 2009. http://web.kbl.co.in UÊ Flowserve Corp’s board has authorized the payment of a quarterly cash dividend of US$0.27 per share on the company’s outstanding shares of common stock. The dividend is payable on 8 July 2009 to shareholders of record as of the close of business on 24 June 2009. www.flowserve.com UÊ / iÊITT Corp board has declared a cash dividend of US$0.2125 per share for the second quarter of 2009. This cash dividend will be payable on 1 July 2009 to shareholders of record on 22 May 2009. In February this year, ITT raised its quarterly dividend by 22% to its current level from US$0.175 per share. www.itt.com UÊ Curtiss-Wright Corp will pay a dividend of US$0.08 per share on 16 July 2009 to stockholders of record on 2 July 2009. www.curtisswright.com UÊ The Gorman-Rupp Co’s quarterly cash dividend of US$0.10 per share on the common stock of the company will be paid on 10 June 2009, to shareholders of record on 15 May 2009. This marks the 237th consecutive dividend paid by Gorman-Rupp. UÊ ÜÜÜ°}À>ÀÕ««°V
Pump Industry Analyst
13