- Email: [email protected]
Strike to hit Curtiss-Wright FY2012 results
NEWS
Flowserve inaugurates new pump plant in Brazil
F
lowserve Corp has officially opened its state-of-the-art pump manufacturing facility in Rio de Janeiro, Brazil. Located in Rio’s Campo de Grande Industrial Area, the new 15 000 sq m plant will manufacture a range of Flowserve pumps, and offer 6 MW test stand capacity and full parts, service and training capabilities. “We are proud of this new facility and believe it sends a positive message to the marketplace and our customers that Flowserve is committed to Brazil and the entire Latin America region,” said Mark Blinn, Flowserve president and CEO. More than 350 employees will work at the new facility when the transition from the existing Rio de Janeiro plant, which opened in 1941, is completed later this year. “Localisation of our products and services is a key component of our Flowserve strategy,” said Tom Pajonas, Flowserve chief operating officer. “This plant demonstrates our continuing drive to serve our customers in the best way possible.” “We are excited to have been able to design this facility with the latest technological innovations for our manufacturing processes in mind,” said Fabian Mamia, president, Flowserve Latin America Operations. “Not only are we able to meet the needs of our customers today, but the facility helps position us for continued growth and future opportunities.” For further information, visit www.flowserve.com
Grundfos half-year turnover up 6%
G
rundfos Group turnover increased 6% in the first half of 2012 to DKK10.7 billion while profit before tax at DKK779 million was slightly down on last year’s DKK783 million. Carsten Bjerg, Grundfos Group president, said that it was a satisfactory result. “According to our expectations, our sales don’t grow at the same pace as earlier. The 16
Pump Industry Analyst
development has been impacted by difficult conditions in several markets. Not only is the growth negative in great parts of Southern Europe, but also markets which have traditionally been characterised as strong markets in the rest of Europe, are now marked by recession. On the positive side we see significantly improved results in major markets like Russia and the United States, just as markets in Asia and the Middle East have contributed significantly to the total growth of the Group,” said Bjerg. For the full 2012 year, the Grundfos president still expects growth, with significant results from new products. “Never before have we had so great expectations to the sale of new products as today when we are ready to yield the fruit of the recent years’ investments in product development. Some of the products have already been launched and more are in the pipeline, and I am confident that this will help us during hard times,” added Berg. For further information, visit www.grundfos.com
Strike to hit Curtiss-Wright FY2012 results
C
urtiss-Wright Corp says that a strike by 300 workers at the company’s Flow Control segment’s Electro-Mechanical Division (EMD) facility in Cheswick, Pennsylvania, will likely have a significant adverse impact on the company’s fiscal 2012 financial results. Contractual agreements expired between EMD and its two local unions – Local Union 1914 of the International Brotherhood of Electrical Workers (IBEW) and the Association of Westinghouse Salaried Employees (AWSE) District 16, an affiliate of the Federation of Independent Salaried Unions (FISU) – on 18 August 2012. While members of the AWSE continued to work throughout the negotiation process, members of the IBEW elected to initiate a work stoppage following Curtiss-Wright’s initial wage offer. The strike has now ended and union members have started to return to work. The EMD facility remained open throughout the strike. For further information, visit curtisswright.com
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: David Hopwood Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1232 for all European countries & Iran US$1382 for all countries except Europe and Japan ¥163 800 for Japan (Prices valid until 31 December 2012) To subscribe send payment to the address above. Tel: +44 (0)1865 843687 or via www.pumpindustryanalyst.com Subscriptions run for 12 months, from the date payment is received. Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (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) 207 436 5931; fax: (+44) 207 436 3986. 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. Contact the publisher at the address indicated. 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 Rights & Permissions Department, at the mail, fax and email 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.
Digitally Produced by Mayfield Press (Oxford) LImited 12979
September 2012
Flowserve inaugurates new pump plant in Brazil
F
lowserve Corp has officially opened its state-of-the-art pump manufacturing facility in Rio de Janeiro, Brazil. Located in Rio’s Campo de Grande Industrial Area, the new 15 000 sq m plant will manufacture a range of Flowserve pumps, and offer 6 MW test stand capacity and full parts, service and training capabilities. “We are proud of this new facility and believe it sends a positive message to the marketplace and our customers that Flowserve is committed to Brazil and the entire Latin America region,” said Mark Blinn, Flowserve president and CEO. More than 350 employees will work at the new facility when the transition from the existing Rio de Janeiro plant, which opened in 1941, is completed later this year. “Localisation of our products and services is a key component of our Flowserve strategy,” said Tom Pajonas, Flowserve chief operating officer. “This plant demonstrates our continuing drive to serve our customers in the best way possible.” “We are excited to have been able to design this facility with the latest technological innovations for our manufacturing processes in mind,” said Fabian Mamia, president, Flowserve Latin America Operations. “Not only are we able to meet the needs of our customers today, but the facility helps position us for continued growth and future opportunities.” For further information, visit www.flowserve.com
Grundfos half-year turnover up 6%
G
rundfos Group turnover increased 6% in the first half of 2012 to DKK10.7 billion while profit before tax at DKK779 million was slightly down on last year’s DKK783 million. Carsten Bjerg, Grundfos Group president, said that it was a satisfactory result. “According to our expectations, our sales don’t grow at the same pace as earlier. The 16
Pump Industry Analyst
development has been impacted by difficult conditions in several markets. Not only is the growth negative in great parts of Southern Europe, but also markets which have traditionally been characterised as strong markets in the rest of Europe, are now marked by recession. On the positive side we see significantly improved results in major markets like Russia and the United States, just as markets in Asia and the Middle East have contributed significantly to the total growth of the Group,” said Bjerg. For the full 2012 year, the Grundfos president still expects growth, with significant results from new products. “Never before have we had so great expectations to the sale of new products as today when we are ready to yield the fruit of the recent years’ investments in product development. Some of the products have already been launched and more are in the pipeline, and I am confident that this will help us during hard times,” added Berg. For further information, visit www.grundfos.com
Strike to hit Curtiss-Wright FY2012 results
C
urtiss-Wright Corp says that a strike by 300 workers at the company’s Flow Control segment’s Electro-Mechanical Division (EMD) facility in Cheswick, Pennsylvania, will likely have a significant adverse impact on the company’s fiscal 2012 financial results. Contractual agreements expired between EMD and its two local unions – Local Union 1914 of the International Brotherhood of Electrical Workers (IBEW) and the Association of Westinghouse Salaried Employees (AWSE) District 16, an affiliate of the Federation of Independent Salaried Unions (FISU) – on 18 August 2012. While members of the AWSE continued to work throughout the negotiation process, members of the IBEW elected to initiate a work stoppage following Curtiss-Wright’s initial wage offer. The strike has now ended and union members have started to return to work. The EMD facility remained open throughout the strike. For further information, visit curtisswright.com
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: David Hopwood Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1232 for all European countries & Iran US$1382 for all countries except Europe and Japan ¥163 800 for Japan (Prices valid until 31 December 2012) To subscribe send payment to the address above. Tel: +44 (0)1865 843687 or via www.pumpindustryanalyst.com Subscriptions run for 12 months, from the date payment is received. Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (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) 207 436 5931; fax: (+44) 207 436 3986. 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. Contact the publisher at the address indicated. 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 Rights & Permissions Department, at the mail, fax and email 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.
Digitally Produced by Mayfield Press (Oxford) LImited 12979
September 2012