- Email: [email protected]
Wilo invests in Russia
NEWS
Wilo invests in Russia
W
ilo has signed a special investment contract in Russia following a meeting with President Vladimir Putin and a delegation of the German Committee on Eastern European Economic Relations. “The implementation of this contract means that Wilo will gain the status of a ‘local manufacturer’ in Russia and in the next few years will invest heavily in its own site, thereby increasing added value locally and, in turn, strengthening its competitive position in Russia and on the Eurasian market,” said Wilo Group CEO Oliver Hermes. The Russian site will act as a platform for all of Wilo’s activities in the Eurasian market. Wilo has been operating in Russia since 1992. The agreement is part of the pump group’s localisation strategy. “Our future activities will allow us to improve our response to customer-specific requirements,” said Jens Dallendörfer, managing director of Wilo Russia. For further information, visit www.wilo.com
Elliott Group integrates Ebara International Corp’s Cryo operations
E
lliott Group, a wholly owned subsidiary of Japan’s Ebara Corp, has integrated the operation of Ebara International Corp’s Cryodynamics Division (EIC Cryo) based in Sparks, Nevada, USA with its operations in Jeannette, Pennsylvania, in a strategic, inter-divisional realignment. EIC Cryo manufactures custom-engineered cryogenic pumps and expanders for the liquefied gas industries, while Elliott supplies custom-engineered refrigeration compressors for baseload LNG plants as well as rotating equipment for refining and petrochemical applications. “After careful review, we recognized the shared synergies in markets, product lines, and customer base,” explained Tadashi Urata, CEO of Ebara International Corp. “The integration of EIC Cryo into Elliott will improve efficiency, provide a simplified customer experience, and preserve shareholder value.” “As we move forward, EIC Cryo and Elliott will work closely together to ensure 14
Pump Industry Analyst
that we operate safely, productively, and meet the expectations of our customers and key business partners,” said Michael Lordi, chief operating officer of Elliott Group. “There will be no immediate changes in the way we conduct business, and we will continue the tradition of both operations for excellent service and expertise.” Integrating the operation of EIC Cryo into Elliott Group will take place over the next two years. EIC Cryo will continue to operate under that name and will be one of four business units within Elliott Group. For further information, visit www.elliott-turbo.com, www.ebaracryo.com and www.ebara.co.jp
Pentair names new Electrical company nVent
P
entair plc has announced that the name of its future Electrical company will be nVent Electric plc (see Pump Industry Analyst, May 2017). The separation of Pentair into two independent, publicly-traded companies remains on track for completion in the second quarter of 2018. The future Water company will retain the Pentair name. Beth Wozniak will become CEO of nVent when the separation is completed, while Randall Hogan will serve as chairman of the new Electrical company and retire as Pentair’s chairman and CEO. nVent has also filed its initial Form 10 Registration Statement with the US Securities and Exchange Commission (SEC). “The filing of the Form 10 is yet another important milestone toward the completion of Pentair’s separation into two leading public companies,” said Hogan. “This is an exciting time for all of us at Pentair and nVent. We strongly believe that both companies are well positioned for long-term growth and value creation with the scale and strength to control their own destinies. The increased focus of both companies should help to raise the execution even further and drive higher differentiated growth.” With revenues of US$2.1 billion for the year ended 31 December 2016, nVent will have its main US offices in Minneapolis, Minnesota and employ approximately 9000 people worldwide. For further information, visit www.pentair.com
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] Executive Publisher: Laney Priestley 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 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 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.
October 2017
Wilo invests in Russia
W
ilo has signed a special investment contract in Russia following a meeting with President Vladimir Putin and a delegation of the German Committee on Eastern European Economic Relations. “The implementation of this contract means that Wilo will gain the status of a ‘local manufacturer’ in Russia and in the next few years will invest heavily in its own site, thereby increasing added value locally and, in turn, strengthening its competitive position in Russia and on the Eurasian market,” said Wilo Group CEO Oliver Hermes. The Russian site will act as a platform for all of Wilo’s activities in the Eurasian market. Wilo has been operating in Russia since 1992. The agreement is part of the pump group’s localisation strategy. “Our future activities will allow us to improve our response to customer-specific requirements,” said Jens Dallendörfer, managing director of Wilo Russia. For further information, visit www.wilo.com
Elliott Group integrates Ebara International Corp’s Cryo operations
E
lliott Group, a wholly owned subsidiary of Japan’s Ebara Corp, has integrated the operation of Ebara International Corp’s Cryodynamics Division (EIC Cryo) based in Sparks, Nevada, USA with its operations in Jeannette, Pennsylvania, in a strategic, inter-divisional realignment. EIC Cryo manufactures custom-engineered cryogenic pumps and expanders for the liquefied gas industries, while Elliott supplies custom-engineered refrigeration compressors for baseload LNG plants as well as rotating equipment for refining and petrochemical applications. “After careful review, we recognized the shared synergies in markets, product lines, and customer base,” explained Tadashi Urata, CEO of Ebara International Corp. “The integration of EIC Cryo into Elliott will improve efficiency, provide a simplified customer experience, and preserve shareholder value.” “As we move forward, EIC Cryo and Elliott will work closely together to ensure 14
Pump Industry Analyst
that we operate safely, productively, and meet the expectations of our customers and key business partners,” said Michael Lordi, chief operating officer of Elliott Group. “There will be no immediate changes in the way we conduct business, and we will continue the tradition of both operations for excellent service and expertise.” Integrating the operation of EIC Cryo into Elliott Group will take place over the next two years. EIC Cryo will continue to operate under that name and will be one of four business units within Elliott Group. For further information, visit www.elliott-turbo.com, www.ebaracryo.com and www.ebara.co.jp
Pentair names new Electrical company nVent
P
entair plc has announced that the name of its future Electrical company will be nVent Electric plc (see Pump Industry Analyst, May 2017). The separation of Pentair into two independent, publicly-traded companies remains on track for completion in the second quarter of 2018. The future Water company will retain the Pentair name. Beth Wozniak will become CEO of nVent when the separation is completed, while Randall Hogan will serve as chairman of the new Electrical company and retire as Pentair’s chairman and CEO. nVent has also filed its initial Form 10 Registration Statement with the US Securities and Exchange Commission (SEC). “The filing of the Form 10 is yet another important milestone toward the completion of Pentair’s separation into two leading public companies,” said Hogan. “This is an exciting time for all of us at Pentair and nVent. We strongly believe that both companies are well positioned for long-term growth and value creation with the scale and strength to control their own destinies. The increased focus of both companies should help to raise the execution even further and drive higher differentiated growth.” With revenues of US$2.1 billion for the year ended 31 December 2016, nVent will have its main US offices in Minneapolis, Minnesota and employ approximately 9000 people worldwide. For further information, visit www.pentair.com
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] Executive Publisher: Laney Priestley 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 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 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.
October 2017