- Email: [email protected]
Wilo lifts 2009 profits as turnover slips
NEWS
Kirloskar Brothers buys South Africa’s Braybar Pumps
K
irloskar Brothers Ltd (KBL), through its wholly-owned Netherlands-based subsidiary company Kirloskar Brothers International BV, has acquired 90% of the shares in South Africa’s Braybar Pumps (Proprietary) Ltd in a deal valued at Rs110 million. Braybar Pumps manufactures high head multistage pumps for dewatering copper, coal and gold mines, as well as rubber lined slurry pumps and white metal lined bearings. The business has well established repair and in-house machining facilities and specialises in the repair of split case pumps. The acquisition of Braybar Pumps gives KBL an immediate supply and service base for its products in South Africa. Longer term, KBL can use Braybar’s facilities to assemble pumps for the southern Africa region.
Wilo’s demand developed very differently in local markets during 2009. The Asian market, for example, was up 12.0% with subsidiaries in India, China and South Korea all contributing to this growth in turnover. Eastern Europe saw the strongest decline, falling 18.4%, while the Western European market slipped 4.6% and Germany declined 0.9%. There was a 1.5% decrease in Wilo’s turnover in America, Africa and the Middle East. During 2009, Wilo reformulated its corporate strategy, with a sharper focus on customer groups in three market segments: Õ`}Ê-iÀÛViÃÆÊ7>ÌiÀÊ >>}iiÌÆÊ and Industry. The company believes that its new regional sales structure will lead to stronger market presence and customer satisfaction. Looking ahead, the Wilo executive board is moderately confident about the current business year. The Wilo board is expecting a 5% increase in the company’s turnover for 2010, with growth mainly being generated in Western Europe and Asia. For further information, visit www.wilo.com
Wilo lifts 2009 profits as turnover slips
Colfax opens East Coast repair facility to serve US Navy and defence customers
W
C
For further information, visit http://web.kbl.co.in/
ilo SE managed to strengthen its financial position in 2009, even with the global economic downturn. While Wilo’s turnover decreased by 5.2% in 2009 to 926.1 million, the German, family-owned pump company saw a significant improvement in its result after taxes which increased from 45.2 million in 2008 to 68.6 million in 2009. Earnings before interest and taxes were up by 2.6% to 90.9 million. During 2009, Wilo’s research & development (R&D) budget was increased by 2.3% to 35.3 million, with R&D expenditure accounting for 3.8% of 2009 turnover. Significant product launches in 2009 were the Wilo Geniax decentalised pump system and the Wilo Stratos Pico pump for heating and air conditioning. The pump manufacturer’s annual average number of employees worldwide increased marginally in 2009 to 6027 from 2008’s 6024. 16
Pump Industry Analyst
olfax Corp has opened an East Coast Repair Centre in Norfolk, Virginia, USA. Strategically located near the Naval -Ì>ÌÊ ÀvÆÊÌ iÊ >Û>Ê« LÕÃÊ >Ãi]Ê ÌÌiÊ ÀiiÆÊ«ÀÛ>ÌiÊÃ «Þ>À`ÃÆÊ>`Ê Norfolk International Airport, the 3600 sq ft Colfax facility will serve the US Navy and other defence customers. Services provided will include onboard equipment inspections, overhauls, repairs, cleaning, testing, equipment transport and recording data into a ship’s aftermarket history database. The East Coast Repair Centre, part of the Colfax Defense Solutions organisation, is Colfax’s second service facility in the US. The West Coast Repair Centre, located in San Diego, California, opened in 2007. Colfax plans to add other strategically located repair centres throughout the US and worldwide. For further information, visit www.colfaxcorp.com
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 printed issues and online access for up to 5 users. Prices: 1120 for all European countries & Iran US$1256 for all countries except Europe and Japan ¥148 900 for Japan (Prices valid until 31 December 2010) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA 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 ‘General 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 advances 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.
Printed by Mayfield Press (Oxford) LImited 02167
May 2010
Kirloskar Brothers buys South Africa’s Braybar Pumps
K
irloskar Brothers Ltd (KBL), through its wholly-owned Netherlands-based subsidiary company Kirloskar Brothers International BV, has acquired 90% of the shares in South Africa’s Braybar Pumps (Proprietary) Ltd in a deal valued at Rs110 million. Braybar Pumps manufactures high head multistage pumps for dewatering copper, coal and gold mines, as well as rubber lined slurry pumps and white metal lined bearings. The business has well established repair and in-house machining facilities and specialises in the repair of split case pumps. The acquisition of Braybar Pumps gives KBL an immediate supply and service base for its products in South Africa. Longer term, KBL can use Braybar’s facilities to assemble pumps for the southern Africa region.
Wilo’s demand developed very differently in local markets during 2009. The Asian market, for example, was up 12.0% with subsidiaries in India, China and South Korea all contributing to this growth in turnover. Eastern Europe saw the strongest decline, falling 18.4%, while the Western European market slipped 4.6% and Germany declined 0.9%. There was a 1.5% decrease in Wilo’s turnover in America, Africa and the Middle East. During 2009, Wilo reformulated its corporate strategy, with a sharper focus on customer groups in three market segments: Õ`}Ê-iÀÛViÃÆÊ7>ÌiÀÊ >>}iiÌÆÊ and Industry. The company believes that its new regional sales structure will lead to stronger market presence and customer satisfaction. Looking ahead, the Wilo executive board is moderately confident about the current business year. The Wilo board is expecting a 5% increase in the company’s turnover for 2010, with growth mainly being generated in Western Europe and Asia. For further information, visit www.wilo.com
Wilo lifts 2009 profits as turnover slips
Colfax opens East Coast repair facility to serve US Navy and defence customers
W
C
For further information, visit http://web.kbl.co.in/
ilo SE managed to strengthen its financial position in 2009, even with the global economic downturn. While Wilo’s turnover decreased by 5.2% in 2009 to 926.1 million, the German, family-owned pump company saw a significant improvement in its result after taxes which increased from 45.2 million in 2008 to 68.6 million in 2009. Earnings before interest and taxes were up by 2.6% to 90.9 million. During 2009, Wilo’s research & development (R&D) budget was increased by 2.3% to 35.3 million, with R&D expenditure accounting for 3.8% of 2009 turnover. Significant product launches in 2009 were the Wilo Geniax decentalised pump system and the Wilo Stratos Pico pump for heating and air conditioning. The pump manufacturer’s annual average number of employees worldwide increased marginally in 2009 to 6027 from 2008’s 6024. 16
Pump Industry Analyst
olfax Corp has opened an East Coast Repair Centre in Norfolk, Virginia, USA. Strategically located near the Naval -Ì>ÌÊ ÀvÆÊÌ iÊ >Û>Ê« LÕÃÊ >Ãi]Ê ÌÌiÊ ÀiiÆÊ«ÀÛ>ÌiÊÃ «Þ>À`ÃÆÊ>`Ê Norfolk International Airport, the 3600 sq ft Colfax facility will serve the US Navy and other defence customers. Services provided will include onboard equipment inspections, overhauls, repairs, cleaning, testing, equipment transport and recording data into a ship’s aftermarket history database. The East Coast Repair Centre, part of the Colfax Defense Solutions organisation, is Colfax’s second service facility in the US. The West Coast Repair Centre, located in San Diego, California, opened in 2007. Colfax plans to add other strategically located repair centres throughout the US and worldwide. For further information, visit www.colfaxcorp.com
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Fax: +44 (0)1865 843933 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Publisher: Greg Valero E-mail: [email protected] Subscription Information An annual subscription to Pump Industry Analyst includes 12 printed issues and online access for up to 5 users. Prices: 1120 for all European countries & Iran US$1256 for all countries except Europe and Japan ¥148 900 for Japan (Prices valid until 31 December 2010) To subscribe send payment to the address above. Tel: +44 (0)1865 843687/Fax: +44 (0)1865 834971/ Email: [email protected], or via www.pumpindustryanalyst.com. Subscriptions run for 12 months, from the date payment is received. Periodicals postage is paid at Rahway, NJ 07065, USA. Postmaster send all USA address corrections to: Pump Industry Analyst, 365 Blair Road, Avenel, NJ 07001, USA 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 ‘General 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 advances 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.
Printed by Mayfield Press (Oxford) LImited 02167
May 2010