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Torishima targets overseas profit growth
HIGH OIL PRICES TO CHANGE FLOW CONTROL MARKET Suppliers of pumps, valves, scrubbers, filters and treatment chemicals are going to have to re-examine their business strategies due to the surge in oil prices, according to the McIlvaine Co. The research company is currently revising its forecasts based on the surge in the price of oil to over US$60/barrel. The new forecasts are based on the belief that oil will remain above US$40/barrel over the next 20 years. Due to its interchangeability with oil, the price of natural gas will remain above US$5.00/MM Btu in the US despite importation of LNG. McIlvaine believes that these prices will reduce investment in energy intensive industries in the US and Europe and that the flight of heavy manufacturing to Asia will be accelerated due to the high oil and gas prices. The impact on the world economy as a whole will be negative if no major initiative to develop synthetic fuels is undertaken, says McIlvaine. This, in turn, is expected to affect all purchasers of pollution and flow control products and services. But McIlvaine argues that if the US Administration guaranteed that it would purchase any oil made from coal or oil shale for US$40/barrel (if the supplier could not otherwise receive a higher price), then there could be a positive side to the high oil prices. This simple guarantee would be the catalyst for a huge spurt in capital investment, believes McIlvaine. Plants which convert coal to oil such as the Sasol plant in South Africa require considerably more valves and pumps than conventional refineries, for example.
Pump Industry Analyst
The potential impact of the high oil prices and the potential for a synfuels industry are analyzed for each of the pollution and flow control markets covered by McIlvaine market reports. For more information on these reports, visit w w w. m c i l va i n e c o m p a n y. com.
GRUNDFOS, REMPLOY WORK TOGETHER Under a new agreement, Remploy - which finds jobs for disabled people in major UK organizations as well as in its own manufacturing and service businesses - will operate an independent, self-contained production unit from Grundfos Pumps Ltd UK’s Leighton Buzzard premises, where they will produce small and medium volume specialist pump systems. Grundfos has had a strategic partnership with Remploy since 2003, using Remploy’s manufacturing resources. This agreement follows on from Grundfos achieving Positive About Disabled People (PADP) accreditation last year.
TORISHIMA TARGETS OVERSEAS PROFIT GROWTH Japan’s Torishima Pump Mfg Co is looking to improve profits at its overseas operations, including its seawater desalination pump business, according to a report in the Nikkei Business Daily. The Japanese pump company is reported to be planning to set up a new department to oversee technology and design for foreign operations.
Financial Calendar August 2005 KSB Interim Report January–June 2005 2 August 2005 Pfeiffer Vacuum H1 2005 Results 5 August 2005 Andritz H1 2005 Results 10 August 2005 Cardo Interim Report January–June 2005 Bjørge Q2 2005 Results 11 August 2005 Johnson Pump Quarterly Report January–June 2005 18 August 2005 Weir Interim Results 25 August 2005 Sulzer Mid-year Result 2005 26 September 2005 Interpump Half-year Report on Operations 5 October 2005 Robbins & Myers Q4 Results 19 October 2005 GUD Holdings Annual General Meeting 25 October 2005 Sulzer Order Intake January–September 2005 Alfa Laval Third Quarter Report 26 October 2005 Metso Interim Review January–September 2005 28 October 2005 Johnson Pump Quarterly Report January–September 2005 8 November 2005 Andritz Q1–Q3 2005 Results Pfeiffer Vacuum 9 Months 2005 Results Sulzer Roadshow, Frankfurt,Germany 8–9 November 2005 Robert W Baird & Co 35th Annual Industrial Technology Conference, Chicago, USA 9 November 2005 Sulzer Roadshow, Edinburgh, UK Interpump Q3 2005 Report 10 November 2005 Cardo Interim Report January–September 2005 Siemens Preliminary Figures for 2005 Sulzer Roadshow, London, UK 11 November 2005 Sulzer Roadshow, Zurich, Switzerland
IN BRIEF • Chinese concrete pump maker Jarlway Holdings plc’s first day of trading on the AIM section of the London Stock Exchange is now expected to be 18 July 2005 (see Pump Industry Analyst, June and May 2005). • Hayward Industries Inc is selling its industrial filtration business to the diversified industrial manufacturer Eaton Corp. Hayward’s industrial filtration business had sales of about US$100 million over the last 12 months, and employs about 530 people worldwide. The sale will leave Hayward Industries focused on its swimming pool equipment and flow control products, including pumps. • AESSEAL MCK Ltd has committed 1% of net sales of its patented Water Management Systems during 2005 to the WaterAid charity. The Water Management System is the result of AESSEAL’s focus on an environmental strategy to reduce industrial water usage. The benefits of the system include increased equipment life, reduced plant emissions, and energy savings. WaterAid is dedicated to the provision of safe domestic water, sanitation and hygiene education to the poorest people in the world. • Pursuit Dynamics plc has signed a non-exclusive distribution agreement with Germany’s Berief Innovativ GmbH & Co KG, targeting the food industry specifically. The agreement is the first in the region for Pursuit and opens up new markets for Pursuit’s PDX Sonic food processing technology in Germany, Switzerland, Austria and Scandinavia.
13
NEWS/CALENDAR/IN BRIEF
July 2005
Pump Industry Analyst
The potential impact of the high oil prices and the potential for a synfuels industry are analyzed for each of the pollution and flow control markets covered by McIlvaine market reports. For more information on these reports, visit w w w. m c i l va i n e c o m p a n y. com.
GRUNDFOS, REMPLOY WORK TOGETHER Under a new agreement, Remploy - which finds jobs for disabled people in major UK organizations as well as in its own manufacturing and service businesses - will operate an independent, self-contained production unit from Grundfos Pumps Ltd UK’s Leighton Buzzard premises, where they will produce small and medium volume specialist pump systems. Grundfos has had a strategic partnership with Remploy since 2003, using Remploy’s manufacturing resources. This agreement follows on from Grundfos achieving Positive About Disabled People (PADP) accreditation last year.
TORISHIMA TARGETS OVERSEAS PROFIT GROWTH Japan’s Torishima Pump Mfg Co is looking to improve profits at its overseas operations, including its seawater desalination pump business, according to a report in the Nikkei Business Daily. The Japanese pump company is reported to be planning to set up a new department to oversee technology and design for foreign operations.
Financial Calendar August 2005 KSB Interim Report January–June 2005 2 August 2005 Pfeiffer Vacuum H1 2005 Results 5 August 2005 Andritz H1 2005 Results 10 August 2005 Cardo Interim Report January–June 2005 Bjørge Q2 2005 Results 11 August 2005 Johnson Pump Quarterly Report January–June 2005 18 August 2005 Weir Interim Results 25 August 2005 Sulzer Mid-year Result 2005 26 September 2005 Interpump Half-year Report on Operations 5 October 2005 Robbins & Myers Q4 Results 19 October 2005 GUD Holdings Annual General Meeting 25 October 2005 Sulzer Order Intake January–September 2005 Alfa Laval Third Quarter Report 26 October 2005 Metso Interim Review January–September 2005 28 October 2005 Johnson Pump Quarterly Report January–September 2005 8 November 2005 Andritz Q1–Q3 2005 Results Pfeiffer Vacuum 9 Months 2005 Results Sulzer Roadshow, Frankfurt,Germany 8–9 November 2005 Robert W Baird & Co 35th Annual Industrial Technology Conference, Chicago, USA 9 November 2005 Sulzer Roadshow, Edinburgh, UK Interpump Q3 2005 Report 10 November 2005 Cardo Interim Report January–September 2005 Siemens Preliminary Figures for 2005 Sulzer Roadshow, London, UK 11 November 2005 Sulzer Roadshow, Zurich, Switzerland
IN BRIEF • Chinese concrete pump maker Jarlway Holdings plc’s first day of trading on the AIM section of the London Stock Exchange is now expected to be 18 July 2005 (see Pump Industry Analyst, June and May 2005). • Hayward Industries Inc is selling its industrial filtration business to the diversified industrial manufacturer Eaton Corp. Hayward’s industrial filtration business had sales of about US$100 million over the last 12 months, and employs about 530 people worldwide. The sale will leave Hayward Industries focused on its swimming pool equipment and flow control products, including pumps. • AESSEAL MCK Ltd has committed 1% of net sales of its patented Water Management Systems during 2005 to the WaterAid charity. The Water Management System is the result of AESSEAL’s focus on an environmental strategy to reduce industrial water usage. The benefits of the system include increased equipment life, reduced plant emissions, and energy savings. WaterAid is dedicated to the provision of safe domestic water, sanitation and hygiene education to the poorest people in the world. • Pursuit Dynamics plc has signed a non-exclusive distribution agreement with Germany’s Berief Innovativ GmbH & Co KG, targeting the food industry specifically. The agreement is the first in the region for Pursuit and opens up new markets for Pursuit’s PDX Sonic food processing technology in Germany, Switzerland, Austria and Scandinavia.
13
NEWS/CALENDAR/IN BRIEF
July 2005