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Tsurumi establishes sales office in Australia
NEWS
Tsurumi establishes sales office in Australia
J
apan’s Tsurumi Manufacturing Co Ltd has set up a new sales office in Perth, western Australia. Tsurumi Australia Pty Ltd will target Australian markets including mining, civil engineering and construction, rental equipment, flood solutions, sewerage and water treatment. The new office is also the first step to widely market the Tsurumi brand across Oceania. Founded in Japan in 1924, Tsurumi is a major manufacturer of submersible pumps. While focused on Asia, Tsurumi’s sales network covers the USA, Europe, Middle East, Africa and Oceania. For further information, visit www.tsurumi-global.com
KSB grows orders, sales and earnings in first 9 months of 2019
P
ump and valve manufacturer KSB says it is satisfied with the current financial year, with nine-month order intake, sales revenue and EBIT well above the 2018 figures. In an interim report for the nine-month period ended 30 September 2019, KSB confirmed that cumulative order intake in the first three quarters rose by E112 million or 6.3% to E1887 million, while sales revenue increased by E132 million or 8.1% to E1767 million. All of KSB’s segments and nearly every region contributed to this growth. EBIT also developed as planned with currency translation effects having only a minor impact. “This positive development is attributable, in particular, to the good project business. In addition, the measures introduced last year to promote sales and the service business are showing initial signs of success,” said KSB CEO Dr Stephan Timmermann. “Given the good earnings achieved in the first three quarters and despite the economic slowdown sparked by growing trade tensions and structural changes in some industries, we are confident of achieving the order intake, sales revenue and earnings targets set for the current 2019 financial year.” All three of KSB’s segments – Pumps, Valves and Service – increased order intake and sales revenue. On order intake, the Service segment 14
Pump Industry Analyst
delivered the largest percentage growth at 8.5%, the Valves segment increased 8.1 %, while the Pumps segment recorded an increase of 5.3%. There was also strong growth in order intake in all regions, driven mainly by KSB’s project business. Sales revenue was up 9.2% for Valves, 8.4% for Pumps and 6.4% in the Service segment. Revenue in Asia, North and South America and Europe was higher than last year, with Africa/Middle East the only region down year on year, due to currencyrelated factors. KSB’s EBIT in the first nine months of 2019 was also significantly up on 2018. For further information, visit www.ksb.com
Baker Hughes opens new wellhead facility in Abu Dhabi
B
aker Hughes Co has invested in a new assembly, repair and service facility in Mussafah, Abu Dhabi, in partnership with local channel partner Al Ghaith Oilfield Supplies and Services. The 1200 m2 facility will support wellhead repair and maintenance activities for customers in the United Arab Emirates (UAE) and across the Middle East. The new site, which will be fully operational by the end of the year, has the potential for further expansion. Baker Hughes says that this next phase would include the addition of chemical storage, cement bulk plant, wireline fluids and pressure pumping, as well as a digital solutions lab. “The new wellhead assembly, repair and service facility in Abu Dhabi further underlines our commitment to be closer to our customers and to create In-Country value through enhanced local capabilities,” said Ahmed Mousbah, vice president, MENAT, Oilfield Equipment at Baker Hughes. Baker Hughes has had a presence in the UAE for more than 40 years. Employing more than 1000 people, Baker Hughes’ facilities in the UAE include four workshops and manufacturing sites covering wireline, completion systems, coil tubing, drilling systems, pressure pumping, artificial lift and measurements and control. The company also has two training centres in the UAE.
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Subscriptions run for 12 months, from the date payment is received. More information:
www.elsevier.com/journals/institutional/pump-industryanalyst/1359-6128 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 ‘Gen eral 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 publication, 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 ad vances 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 The content of this newsletter is compiled from a variety of sources including press releases.
For further information, visit www.bakerhughes.com
November 2019
Tsurumi establishes sales office in Australia
J
apan’s Tsurumi Manufacturing Co Ltd has set up a new sales office in Perth, western Australia. Tsurumi Australia Pty Ltd will target Australian markets including mining, civil engineering and construction, rental equipment, flood solutions, sewerage and water treatment. The new office is also the first step to widely market the Tsurumi brand across Oceania. Founded in Japan in 1924, Tsurumi is a major manufacturer of submersible pumps. While focused on Asia, Tsurumi’s sales network covers the USA, Europe, Middle East, Africa and Oceania. For further information, visit www.tsurumi-global.com
KSB grows orders, sales and earnings in first 9 months of 2019
P
ump and valve manufacturer KSB says it is satisfied with the current financial year, with nine-month order intake, sales revenue and EBIT well above the 2018 figures. In an interim report for the nine-month period ended 30 September 2019, KSB confirmed that cumulative order intake in the first three quarters rose by E112 million or 6.3% to E1887 million, while sales revenue increased by E132 million or 8.1% to E1767 million. All of KSB’s segments and nearly every region contributed to this growth. EBIT also developed as planned with currency translation effects having only a minor impact. “This positive development is attributable, in particular, to the good project business. In addition, the measures introduced last year to promote sales and the service business are showing initial signs of success,” said KSB CEO Dr Stephan Timmermann. “Given the good earnings achieved in the first three quarters and despite the economic slowdown sparked by growing trade tensions and structural changes in some industries, we are confident of achieving the order intake, sales revenue and earnings targets set for the current 2019 financial year.” All three of KSB’s segments – Pumps, Valves and Service – increased order intake and sales revenue. On order intake, the Service segment 14
Pump Industry Analyst
delivered the largest percentage growth at 8.5%, the Valves segment increased 8.1 %, while the Pumps segment recorded an increase of 5.3%. There was also strong growth in order intake in all regions, driven mainly by KSB’s project business. Sales revenue was up 9.2% for Valves, 8.4% for Pumps and 6.4% in the Service segment. Revenue in Asia, North and South America and Europe was higher than last year, with Africa/Middle East the only region down year on year, due to currencyrelated factors. KSB’s EBIT in the first nine months of 2019 was also significantly up on 2018. For further information, visit www.ksb.com
Baker Hughes opens new wellhead facility in Abu Dhabi
B
aker Hughes Co has invested in a new assembly, repair and service facility in Mussafah, Abu Dhabi, in partnership with local channel partner Al Ghaith Oilfield Supplies and Services. The 1200 m2 facility will support wellhead repair and maintenance activities for customers in the United Arab Emirates (UAE) and across the Middle East. The new site, which will be fully operational by the end of the year, has the potential for further expansion. Baker Hughes says that this next phase would include the addition of chemical storage, cement bulk plant, wireline fluids and pressure pumping, as well as a digital solutions lab. “The new wellhead assembly, repair and service facility in Abu Dhabi further underlines our commitment to be closer to our customers and to create In-Country value through enhanced local capabilities,” said Ahmed Mousbah, vice president, MENAT, Oilfield Equipment at Baker Hughes. Baker Hughes has had a presence in the UAE for more than 40 years. Employing more than 1000 people, Baker Hughes’ facilities in the UAE include four workshops and manufacturing sites covering wireline, completion systems, coil tubing, drilling systems, pressure pumping, artificial lift and measurements and control. The company also has two training centres in the UAE.
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Subscriptions run for 12 months, from the date payment is received. More information:
www.elsevier.com/journals/institutional/pump-industryanalyst/1359-6128 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 ‘Gen eral 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 publication, 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 ad vances 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 The content of this newsletter is compiled from a variety of sources including press releases.
For further information, visit www.bakerhughes.com
November 2019