July lYO7
POWER EFFICIENCY EXPANDS IN MEXICO Power Efficiency Corporation of Hackensack, New Jersey, USA, has announced that Inelap SA has signed an agreement with Johnson Controls de Mexico to jointly market PEC’s proprietary motor controllers throughout Mexico. Inelap SA is a subdistributor of Performance Control, LLC of Ann Arbor, Michigan which is PEC’s lead distributor of motor controllers. Johnson Controls de Mexico is a major energy management ~ services company in Mexico.
sewing both commercial and industrial accounts. Inelap recently opened a new facility in Mexico City which includes a performance controller demo centre and training room. PEC designs. develops, markets and sells proprietary solid i state electrical components which cffecttvely reduce energy consumption in alternating current induction motors.
SIEBE SECURES TWO GLOBAL PARTNERSHIPS The Control Systems Division of Siebe plc has entered into global partnership agreements as the preferred supplier of plant automation solutions to both Shell International BV and Owens Corning. The agreements will apply to sales of Siebe Control Systems’ computer-based plant automation systems, field in strumentation and control valves to Shell and Owens (lorning plants worldwide. The partnership agreement with Shell International is de signed to reduce the cost of ownership of plant automation system’, by 25 per cent
Pump Industry Analyst
over the next four years. The agreement covers all of Shell International’s operating companies around the world, including exploration and production, oil products, gas, coal and chemicals and applies to all Siebe Control Systems’ products and services. In a separate agreement, Owens Corning, the high performance glass composites and building materials company, has made the Foxboro Company, part of Siebe Control Systems Division, thepreferred automation supplier to all of its manufacturing operations worldwide. The agreement covers the supply
aerospace and general industrial markets.
SJE APPOINTS MEXICAN DISTRIBUTOR
SJ Electra Systems Inc, the Minnesota-based manufacturer of liquid level controls and motor control panels, has added a new exclusive distributor to its worldwide distribution network. Casa Monroy SA de CV, located in Mexico City, Mexico, has been in the distribution business for more than 50 years. Casa Monroy also represents Bombas Grundfos de Mexico SA CV; Sta-Rite de ~ of I/A Sefies computer-based Mexico SA CV; Aermotor plant automation systems, Pump Company; Distribuifield instrumentation, control dora Consul SA CV; Indusvalves, systems integration trial Fundidora Valsi SA CV; with Allen Bradley PLCs and and Barnes de Mexico SA CV. the integration of plant information with Owens Coming’s DIVIDENDS SAP RI3 business systems. I . Franklin Electric Co Inc ~ has announced a quarterly COLTEC APPOINTS cash dividend of US$O.15 GROUP PRESIDENTS per share, payable 22 AuColtec Industries has named gust 1997 to shareowners Joseph F Andolino, Michael of record on 8 August J Leslie and Keith R Miller 1997. Franklin Electric is as group presidents. one of the world’s largest Andolino, responsible for Demanufacturers of submerslavan Commercial Products, ible electric motors and a takes on the added charge of leading producer of engiGarlock Bearings. He retains neered specialty motors his position as vice president, and electronic products for taxes, and reports to John W residential, industrial and Guffey Jr, chairman, president municipal applications. and chief executive officer, in The company recently his operations role. signed a definitive agreeLeslie, president of the ment to sell Oil Dynamics Stemco division, has gained Inc to Baker Hughes Incorthe added responsibility of the porated (see Pump IndusHolley Performance Products try Analyst, June 1997). division. . Cameo International Inc Miller, who is president of the has declared a regular Garlock Sealing Products diquarterly cash dividend of vision, will also head France USSO. per share of comCompressor Products. mon stock outstanding to be paid 12 August 1997 to Coltec Industries is a divershareholders of record at sified manufacturing comthe close of business on 29 serving primarily pany
July 1997. Cameo International Inc is a worldwide oilfield equipment and service company providing special&d products and services in drilling, well completions, production and well services for the oil and gas industry. Cameo’s trade names include Cameo Coiled Tubing Services, Cameo Products, Cameo Wireline, Hycalog, Lasalle 1 Engineering, Lawrence / Technology, Production Operators, Reda, Reed Tool and Site Oil Tools. l The board of directors of IJnited Dominion Industries Ltd has declared a third quarter dividend of US$O.7 per common share, payable on 30 September 1997 to shareholdon 5 ers of record September 1997. l Dresser Industries Inc’s board of directors has increased the company’s annual dividend to 178$0.76 per share from 17550.68 per share, an increase of 12 per cent. The board also declared a quarterly dividend of US$O.19 per share based on the new annual dividend rate. The quar terly dividend will be payable on 22 September 1997 to shareholders of record ) on 2 September 1997. Headquartered m Dallas. Dresser is a leading supplier of highly engineered I products and services used ~ i in hydrocarbon energy-m lated activities throughout ~ the world. , . The board of directors of Durco International Inc has declared a quarterly dividend of I JS$O. 14 per share of common stock to be paid on S September 1997 to shareholders of record as of 8 August lYY7