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Watts targets water through name change, acquisitions
SULZER PUMPS OPENS NEW TEST FACILITY Sulzer Pumps has invested over US$3 million at its Leeds, UK plant to upgrade the existing gas turbine driven equipment test bed to be capable of running units up to 30MW at full load. This key investment strengthens Sulzer Pumps’ position as a world leader for building, packaging and testing large centrifugal pumps for the oil and gas market. In addition to pumps, compressors can also be tested in the new unit. The new building replaces a pre-existing facility and will allow up to 2 x 30MW and 1 x 10MW gas turbine driven sets to be assembled at the same time. The freestanding steel framed building has been carefully designed to control noise emissions for the local environment. Two 60 tonne cranes have been installed allowing even the largest equipment packages to be lifted. Two freestanding cooling towers allow heat dissipation from the equipment.
GRUNDFOS WINS DANISH DESIGN AWARD The Grundfos SQFlex pump has won the Danish Design Award 2003. The award committee said that “by ensuring reliable water supply the pump can contribute to enhancing life quality and the health level in many places around the world.” Designed for domestic water supply, the Grundfos SQFlex pump can function by solar, wind or generator power and is particularly suitable for areas without reliable power supply. The primary markets for Grundfos SQFlex are Australia, America and South Africa.
Pump Industry Analyst
WESTINGHOUSE, MASTER-LEE SIGN NUCLEAR AGREEMENT Westinghouse Electric Co and Master-Lee Energy Services Corp have announced a multi-year teaming agreement improving the way the two companies provide refueling services, and reactor coolant pump and motor services to the commercial nuclear power industry. Under the terms of the agreement, Westinghouse and Master-Lee will work cooperatively to provide nuclear plant operators with site-specific products, services and human resources. Ric Perez, senior vice president, Nuclear Services for Westinghouse, said the agreement is the most recent example in an ongoing effort to further improve customer responsiveness and promote customer success. Master-Lee’s headquarters and primary operations in Latrobe, Pennsylvania are just 20 miles from Westinghouse’s service centre at Waltz Mill in Madison, Pennsylvania.
WORLDWATER TALKS TECHNOLOGY WorldWater Corp executives Dr Rangarajan and Dr Sherring have addressed conferences in Switzerland and New Mexico on the company’s 600hp solar pumping systems. Dr Rangarajan, WorldWater’s executive vice president, spoke at the Beyond Carbon conference which was held 29–30 October 2003 in Ruschlikon, Switzerland. His topic was the impact of this solar power capability on standard water service delivery. At a recent conference sponsored by Sandia National Laboratories and the US
Department of Energy in Albuquerque, New Mexico, Dr Sherring, WorldWater’s vice president of operations, spoke about using the company’s solar technology to provide continuity of power supply in the event of grid blackouts.
WATTS TARGETS WATER THROUGH NAME CHANGE, ACQUISITIONS Watts Industries Inc of North Andover, Massachusetts, USA, has signalled its intention to target the water technology market through a name change and a series of acquisitions. The company has changed its name to Watts Water Technologies Inc, although it has retained its existing symbol for the New York Stock Exchange, WTS. CEO Patrick O’Keefe said that the new name more accurately reflected the firm’s strategic focus on providing solutions to its customers’ water-based needs. “We believe that water equipment suppliers have an opportunity to achieve above-average growth characteristics due to the increasing pressure that consumers are facing to assure the safe use of high-quality water,” O’Keefe said. “In this respect, Watts Water Technologies is well positioned to respond to these growing needs. The name change to Watts Water Technologies embodies our commitment to using leading edge technology to produce products that will provide our customers with the highest level of water quality, safety, control, conservation and comfort.” In the last fiscal year, Watts Water Technologies and its subsidiaries have grown to more than US$600 million in annual sales. Growth has been accomplished through new product development and a series of acquisitions.
IN BRIEF • Negotiations are still underway regarding the merger of Howden Pumps (Pty) Ltd with Orbit Pump Manufacturing (Pty) Ltd (see Pump Industry Analyst, October 2003). • Halliburton Energy Services’ Baroid product service line and National Oilwell have signed a global distribution agreement. The addition of National Oilwell equipment, including Mono products, to the Baroid product line means Baroid will now be offering a range of services such as solids control equipment, fluid mixing and shearing systems, equipment instrumentation and automation, cuttings handling and transport systems, bulk additive and handling systems, cuttings injection equipment, rig design and auditing, and dewatering equipment. • Flowserve, Idex, IngersollRand, Parker Hannifin, Pentair and Thomas Industries were among pump manufacturing companies presenting at the 33rd Annual Robert W Baird & Co Industrial Technology Conference in Chicago, USA on 11–12 November 2003. • Goulds has announced a new 5-Year Premium Extended Warranty on its Model 3196 ANSI chemical pump and other process pumps. • Tyco International Ltd is to delist Tyco common shares from the London Stock Exchange. This is due to the low trading volume of Tyco shares on the LSE and the costs associated with the maintenance of the London listing. Tyco common shares will continue to be listed on the New York and Bermuda stock exchanges.
13
NEWS/IN BRIEF
November 2003
GRUNDFOS WINS DANISH DESIGN AWARD The Grundfos SQFlex pump has won the Danish Design Award 2003. The award committee said that “by ensuring reliable water supply the pump can contribute to enhancing life quality and the health level in many places around the world.” Designed for domestic water supply, the Grundfos SQFlex pump can function by solar, wind or generator power and is particularly suitable for areas without reliable power supply. The primary markets for Grundfos SQFlex are Australia, America and South Africa.
Pump Industry Analyst
WESTINGHOUSE, MASTER-LEE SIGN NUCLEAR AGREEMENT Westinghouse Electric Co and Master-Lee Energy Services Corp have announced a multi-year teaming agreement improving the way the two companies provide refueling services, and reactor coolant pump and motor services to the commercial nuclear power industry. Under the terms of the agreement, Westinghouse and Master-Lee will work cooperatively to provide nuclear plant operators with site-specific products, services and human resources. Ric Perez, senior vice president, Nuclear Services for Westinghouse, said the agreement is the most recent example in an ongoing effort to further improve customer responsiveness and promote customer success. Master-Lee’s headquarters and primary operations in Latrobe, Pennsylvania are just 20 miles from Westinghouse’s service centre at Waltz Mill in Madison, Pennsylvania.
WORLDWATER TALKS TECHNOLOGY WorldWater Corp executives Dr Rangarajan and Dr Sherring have addressed conferences in Switzerland and New Mexico on the company’s 600hp solar pumping systems. Dr Rangarajan, WorldWater’s executive vice president, spoke at the Beyond Carbon conference which was held 29–30 October 2003 in Ruschlikon, Switzerland. His topic was the impact of this solar power capability on standard water service delivery. At a recent conference sponsored by Sandia National Laboratories and the US
Department of Energy in Albuquerque, New Mexico, Dr Sherring, WorldWater’s vice president of operations, spoke about using the company’s solar technology to provide continuity of power supply in the event of grid blackouts.
WATTS TARGETS WATER THROUGH NAME CHANGE, ACQUISITIONS Watts Industries Inc of North Andover, Massachusetts, USA, has signalled its intention to target the water technology market through a name change and a series of acquisitions. The company has changed its name to Watts Water Technologies Inc, although it has retained its existing symbol for the New York Stock Exchange, WTS. CEO Patrick O’Keefe said that the new name more accurately reflected the firm’s strategic focus on providing solutions to its customers’ water-based needs. “We believe that water equipment suppliers have an opportunity to achieve above-average growth characteristics due to the increasing pressure that consumers are facing to assure the safe use of high-quality water,” O’Keefe said. “In this respect, Watts Water Technologies is well positioned to respond to these growing needs. The name change to Watts Water Technologies embodies our commitment to using leading edge technology to produce products that will provide our customers with the highest level of water quality, safety, control, conservation and comfort.” In the last fiscal year, Watts Water Technologies and its subsidiaries have grown to more than US$600 million in annual sales. Growth has been accomplished through new product development and a series of acquisitions.
IN BRIEF • Negotiations are still underway regarding the merger of Howden Pumps (Pty) Ltd with Orbit Pump Manufacturing (Pty) Ltd (see Pump Industry Analyst, October 2003). • Halliburton Energy Services’ Baroid product service line and National Oilwell have signed a global distribution agreement. The addition of National Oilwell equipment, including Mono products, to the Baroid product line means Baroid will now be offering a range of services such as solids control equipment, fluid mixing and shearing systems, equipment instrumentation and automation, cuttings handling and transport systems, bulk additive and handling systems, cuttings injection equipment, rig design and auditing, and dewatering equipment. • Flowserve, Idex, IngersollRand, Parker Hannifin, Pentair and Thomas Industries were among pump manufacturing companies presenting at the 33rd Annual Robert W Baird & Co Industrial Technology Conference in Chicago, USA on 11–12 November 2003. • Goulds has announced a new 5-Year Premium Extended Warranty on its Model 3196 ANSI chemical pump and other process pumps. • Tyco International Ltd is to delist Tyco common shares from the London Stock Exchange. This is due to the low trading volume of Tyco shares on the LSE and the costs associated with the maintenance of the London listing. Tyco common shares will continue to be listed on the New York and Bermuda stock exchanges.
13
NEWS/IN BRIEF
November 2003