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Parker on target as Eaton bows out
Editorial
Filtration+Separation November 2005
Parker on target as Eaton bows out Filtration & Separation is covered in the Current Contents®/Engineering, Computing & Technology (CC®/EC&T) online database and in the Research Alert® current awareness service. Subscriptions The subscription price is US$307, ¥36,423, e275. This price is valid to the end of 2005, and includes air-speeded delivery worldwide. Frequency of publication: ten issues/year. Send remittance with order (made payable to Elsevier Ltd) to: The Oxford Fulfilment Centre, PO Box 800, Kidlington, Oxford OX5 1DX, UK. Tel: +44 (0)1865 843378; Fax: +44 (0)1865 843940 Missing issues: Responsibility cannot be accepted by the Publishers after six months. Filtration & Separation (ISSN 0015-1882) is published 10 times per year in January, March, October, May, June, July, October, October, November, December by Elsevier Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, UK. PERIODICALS POSTAGE paid at Rahway, NJ 07065, USA. POSTMASTER: Please send address corrections to Filtration & Separation, 365 Blair Road, Avenel, NJ 07001. The opinions expressed by individuals in this publication are not necessarily those of Elsevier, who shall not be held responsible for them. All trademarks acknowledged. ISSN 0015-1882/05 © 2005 Elsevier Ltd. All rightts reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the Publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use. Permissions may be sought directly from Elsevier Science Global Rights Department, P.O. Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, e-mail: [email protected]. You may also contact Global Rights directly through Elsevier's homepage (http://www.elsevier.com), by selecting 'Obtaining Permissions'. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (+1) (978) 7508400, fax: (+1) (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: +44 (0)20 7631 5555; fax: +44 (0)20 7631 5500. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the Publisher is required for resale or distribution outside the institution. Permission of the Publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the Publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the Publisher. Address permissions requests to: Elsevier Science Global Rights Department, at the mail, fax and e-mail addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
The long-running saga between domnick hunter, Parker and Eaton seems to have been brought to a close, with Eaton deciding that enough is enough and sticking at its final offer (see industry news on page 4.) This leaves the way clear for Parker, which has wasted no time in acquiring 88%-plus of the outstanding shares, allowing it to acquire domnick hunter in its entirety. Reading various newswires and talking to those with their ears to the ground, seems to indicate that a number of conglomerates (especially in the US) are currently awash with surplus cash, and looking to acquisitions as a way of remaining profitable in light of trends such as high raw material costs, which are eating into profitability. A well-placed acquisition can grow sales while cutting costs, adding valuable percentage points to earnings and keeping the shareholder happy. Financially omnipresent Standard & Poor’s reports that the major players have money to spend at present after a period of rosy earnings, and though remaining cautious (Eaton declined to bid what it perceived to be over the odds for domnick hunter) further M&A action can be expected. It will be no surprise if we see other high-profile filtration and separation companies being bought up in the coming months. In this month’s magazine we focus on some themes in the automobile industry. Both in the US and Europe, new environmental regulations are changing the landscape for manufacturers, at the same time creating opportunities for companies that provide emissions reducing technologies, both inside and outside of the vehicle. We start on page 18, with a fascinating angle into market demands in cabin air filters (and the potential importance of tools such as olfactometric testing), written by Freudenberg’s Dr Heinz Reinhardt. On page 24 we publish part 2 of Paolo Tronville and Richard Rivers’ look at international standards for filters; part 2 deals with vehicles and if you’re interested, part 1 (September 2005 – 4207 – page 39) looked at filters for buildings and gas turbines. And finally, on page 28, Ahlstrom’s Jerome Barrillon looks at the influence nonwovens are having on filters for vehicles.
Free circulation enquiries Tower Publishing, Tower House, Sovereign Park, Market Harborough, Leicestershire, LE16 9EF. Filtration & Separation is published monthly by Elsevier Advanced Technology, PO Box 150, Kidlington, Oxford OX5 1AS, UK. The editor will be glad to consider contributions but no responsibility for the safe keeping or return of unsolicited material will be accepted. Filtration & Separation is a member of BPA International, the leading world auditor of business publications. Journal Number: 02127 Printed by: Headley Brothers Ltd, UK.
contact:
ELSEVIER ADVANCED TECHNOLOGY PO Box 150, Kidlington, Oxford OX5 1AS, UK. Fax: +44 (0)1865 843971 or 843973.
Editor David Hopwood Tel: +44 (0)1865 843642 E-mail: [email protected] Assistant Editor Liz Nickels Tel: +44 (0)1865 843914 E-mail: [email protected]
Advertisement Manager Europe/USA Bart Crabbé Tel: +44 (0) 207 611 4150 E-mail: [email protected] Advertisement Sales Executive (Spain/Far East/UK): Sally Pye Tel: +44 (0) 1865 843081 E-mail: [email protected]
Advertising copy Tel: +44 (0) 1865 843819 Email: [email protected] Production/Design Controller Jon Bowden
www.filtsep.com Product Finder Naomi Reeves Tel: +44 (0)1865 843271 Email: [email protected] Managing Director Mark Purvis
1
Filtration+Separation November 2005
Parker on target as Eaton bows out Filtration & Separation is covered in the Current Contents®/Engineering, Computing & Technology (CC®/EC&T) online database and in the Research Alert® current awareness service. Subscriptions The subscription price is US$307, ¥36,423, e275. This price is valid to the end of 2005, and includes air-speeded delivery worldwide. Frequency of publication: ten issues/year. Send remittance with order (made payable to Elsevier Ltd) to: The Oxford Fulfilment Centre, PO Box 800, Kidlington, Oxford OX5 1DX, UK. Tel: +44 (0)1865 843378; Fax: +44 (0)1865 843940 Missing issues: Responsibility cannot be accepted by the Publishers after six months. Filtration & Separation (ISSN 0015-1882) is published 10 times per year in January, March, October, May, June, July, October, October, November, December by Elsevier Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, UK. PERIODICALS POSTAGE paid at Rahway, NJ 07065, USA. POSTMASTER: Please send address corrections to Filtration & Separation, 365 Blair Road, Avenel, NJ 07001. The opinions expressed by individuals in this publication are not necessarily those of Elsevier, who shall not be held responsible for them. All trademarks acknowledged. ISSN 0015-1882/05 © 2005 Elsevier Ltd. All rightts reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the Publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use. Permissions may be sought directly from Elsevier Science Global Rights Department, P.O. Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, e-mail: [email protected]. You may also contact Global Rights directly through Elsevier's homepage (http://www.elsevier.com), by selecting 'Obtaining Permissions'. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (+1) (978) 7508400, fax: (+1) (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: +44 (0)20 7631 5555; fax: +44 (0)20 7631 5500. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the Publisher is required for resale or distribution outside the institution. Permission of the Publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the Publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the Publisher. Address permissions requests to: Elsevier Science Global Rights Department, at the mail, fax and e-mail addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
The long-running saga between domnick hunter, Parker and Eaton seems to have been brought to a close, with Eaton deciding that enough is enough and sticking at its final offer (see industry news on page 4.) This leaves the way clear for Parker, which has wasted no time in acquiring 88%-plus of the outstanding shares, allowing it to acquire domnick hunter in its entirety. Reading various newswires and talking to those with their ears to the ground, seems to indicate that a number of conglomerates (especially in the US) are currently awash with surplus cash, and looking to acquisitions as a way of remaining profitable in light of trends such as high raw material costs, which are eating into profitability. A well-placed acquisition can grow sales while cutting costs, adding valuable percentage points to earnings and keeping the shareholder happy. Financially omnipresent Standard & Poor’s reports that the major players have money to spend at present after a period of rosy earnings, and though remaining cautious (Eaton declined to bid what it perceived to be over the odds for domnick hunter) further M&A action can be expected. It will be no surprise if we see other high-profile filtration and separation companies being bought up in the coming months. In this month’s magazine we focus on some themes in the automobile industry. Both in the US and Europe, new environmental regulations are changing the landscape for manufacturers, at the same time creating opportunities for companies that provide emissions reducing technologies, both inside and outside of the vehicle. We start on page 18, with a fascinating angle into market demands in cabin air filters (and the potential importance of tools such as olfactometric testing), written by Freudenberg’s Dr Heinz Reinhardt. On page 24 we publish part 2 of Paolo Tronville and Richard Rivers’ look at international standards for filters; part 2 deals with vehicles and if you’re interested, part 1 (September 2005 – 4207 – page 39) looked at filters for buildings and gas turbines. And finally, on page 28, Ahlstrom’s Jerome Barrillon looks at the influence nonwovens are having on filters for vehicles.
Free circulation enquiries Tower Publishing, Tower House, Sovereign Park, Market Harborough, Leicestershire, LE16 9EF. Filtration & Separation is published monthly by Elsevier Advanced Technology, PO Box 150, Kidlington, Oxford OX5 1AS, UK. The editor will be glad to consider contributions but no responsibility for the safe keeping or return of unsolicited material will be accepted. Filtration & Separation is a member of BPA International, the leading world auditor of business publications. Journal Number: 02127 Printed by: Headley Brothers Ltd, UK.
contact:
ELSEVIER ADVANCED TECHNOLOGY PO Box 150, Kidlington, Oxford OX5 1AS, UK. Fax: +44 (0)1865 843971 or 843973.
Editor David Hopwood Tel: +44 (0)1865 843642 E-mail: [email protected] Assistant Editor Liz Nickels Tel: +44 (0)1865 843914 E-mail: [email protected]
Advertisement Manager Europe/USA Bart Crabbé Tel: +44 (0) 207 611 4150 E-mail: [email protected] Advertisement Sales Executive (Spain/Far East/UK): Sally Pye Tel: +44 (0) 1865 843081 E-mail: [email protected]
Advertising copy Tel: +44 (0) 1865 843819 Email: [email protected] Production/Design Controller Jon Bowden
www.filtsep.com Product Finder Naomi Reeves Tel: +44 (0)1865 843271 Email: [email protected] Managing Director Mark Purvis
1