NEWS
Freudenberg Group completes its portfolio restructuring At the beginning of 2004, the Freudenberg Group completed a far-reaching reorientation of its portfolio, according to the report presented by Dr Peter Bettermann, speaker of the management board of Freudenberg & Co, at the Group’s annual press conference in Weinheim. Over the past five years, the Group has disposed of companies with annual sales totaling some 400 million. The Group is no longer active in shoe or leather production, the business activities that dominated the first half of the 155year history of the company. Internal growth within the Group has almost been sufficient to compensate for the reduction in sales as a result of disinvestment. The acquisitions completed are expected to lead to strong growth in sales. The acquisitions – in the fields of sealing technology, nonwovens, household products and specialties – have reinforced the core business areas of the Group. They represent strong sales of about 500 million which will, for the most part, not affect the balance sheet until the current financial year. In the 2003 financial year, the sales of the Freudenberg Group fell slightly (by 1.3%), to 3.87 billion in nominal terms. This decline was mainly due to changes in the US dollar/euro exchange rate, and almost solely concerned North America. Adjusted for the effects of currency fluctuations, acquisitions and disinvestments, sales grew by 109 million, or 3%. Currency effects, high restructuring expenses
at the Weinheim site and up-front costs and integration expenses in connection with major acquisitions were the primary causes of the fall in consolidated profit to 93 million (compared with 137 million in fiscal 2002). Two new business groups have been formed recently. OKS of Munich specializes in lubricants for maintenance, and ideally complements the business of Klüber Lubrication. Together with US release agent specialist ChemTrend, taken over at the beginning of 2004, these two companies now form the new Freudenberg Chemical Specialities business group. Another new business group is Burgmann Industries, established following the acquisition of the mechanical seals, compensators and automotive divisions of Burgmann Dichtungswerke in Wolfratshausen at the beginning of 2004. Outside Germany, Burgmann Industries cooperates closely with Japanese mechanical seal producer Eagle Industry. The new business group has a workforce of about 3300 and annual sales of almost 300 million.
Busak+Shamban, now part of the Trelleborg Group’s Trelleborg Sealing Solutions, is offering a single source for aerospace sealing customers as the Busak+Shamban Aerospace group. The wide range of well known aerospace companies that are now part of Trelleborg, including Dowty, Palmer-Chenard, Shamban, Airframe Seals and Impervia have joined forces within the expanded group to provide a comprehensive range of polymer sealing solutions to aerospace worldwide. Aerospace sealing from Busak+Shamban incorporates a wide spectrum of turnkey options for actuation systems, flight controls, engine management, landing gear, airframes, and wheel and brake systems, along with customengineered sealing offerings for specialist aerospace applications. The aerospace sealing expertise from these companies has been drawn together to provide the industry with a single-source design, manufacturing and supply resource. This will offer the customer benefits of a complete focus on the design
Contact: Freudenberg Dichtungs- und Schwingungstechnik KG, D-69465 Weinheim, Germany. Tel +49 6201 80-0, Fax +49 6201 883631, Email:
[email protected], Web: www.freudenberg.de (Freudenberg Group) or www.freudenberg-ds.de (Freudenberg Dichtungs- und Schwingungstechnik GmbH)
DuPont has announced increases in the price of the range of engineering polymers that it produces for Europe, the Middle East and Africa. The various products will increase by 0.20 with effect from 1 May 2004. The polymers manufactured by DuPont Engineering Polymers include, Delrin acetal, Hytrel TPE, Vespel parts, Zytel nylon and Minlon reinforced nylon. The increases are in response to sustained increases in both energy and raw
GE Polymer shapes to distribute polyimide from St Gobain The Engineered Polymer Group of Saint Gobain Performance Plastics has reached an exclusive distribution agreement with GE Polymershapes to distribute Meldrin 7000 polyimide plastic materials. The agreement covers the US, Canada, Mexico and Latin America. GE Polymershapes has a
Sealing Technology July 2004
Trelleborg consolidates aerospace sealing product offerings
distribution organization that is divided into eight US regions with 60 branches, five regional warehouses and a fabrication facility in Dayton, Ohio. Contact: Saint-Gobain Performance Plastics, 386 Metacom Avenue, Bristol, RI 02809, USA. Tel: +1 401 253 2000, Web: plastics.saint-gobain.com
process, comprehensive and proven sealing solutions and development, testing and manufacture within six dedicated production plants, backed by worldwide logistical support. Design and application engineering within the Aerospace group includes nonlinear finite element analysis and advanced aerospace sealing system-testing resources. The inhouse facilities – together with the wide manufacturing base, and a portfolio of more than 3000 material compounds – will enable the company to propose solutions that are technically and commercially attractive for its customers. Contacts: Europe: Busak+Shamban, Handwerkstrasse 5–7, D-70565 Stuttgart, Germany. Tel: +49 711 7864-0, Fax: +49 711 7864 344, Email:
[email protected] USA: Busak+Shamban Americas, 2531 Bremer Drive, Fort Wayne, IN 46803, USA. Tel: 1 800 877 3257 x709 (tollfree in US) or +1 260 749 9631, Fax: +1 260 749 8420, Web: www.busakshamban.com
Engineering polymer prices increased material prices. For certain speciality products, colours and small quantities, the price increase will be higher. The company warns that further price rises may be necessary depending on the evolution of the market and economic conditions. Contact: DuPont Dow Elastomers SA, 2 chemin du Pavillon, CH-1218 Le Grand-Saconnex, Geneva, Switzerland. Tel: +41 22 717 4000, Fax: +41 22 717 4001, Web: www.dupont-dow.com
Third ISGATEC begins to take shape Preparations are now under way for the third ISGATEC Trade Fair for Sealing Technology and Processing, which will be held 19–21 October in Stuttgart. The organisers are expecting some larger manufacturers to join the regional suppliers who have previously attended.
Information for both exhibitors and visitors is available on the ISGATEC website. Contact: ISGATEC GmbH, Hans-Thoma-Strasse 49/51, D-68163 Mannheim, Germany, Tel: +49 621 717 6888-0, Fax: +49 621 717 6888-8, Email:
[email protected], Web: www.isgatec.com
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