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Xylem included in Barron's 100 Most Sustainable Companies
NEWS/DIVIDENDS The closing of the merger, as well as the appointment of the new directors, remains subject to regulatory and other approvals, and the companies continue to currently operate as independent businesses. For further information, visit www.fluidra.com
Grundfos opens new branch in Egypt
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rundfos Egypt has officially opened a new branch in Alexandria as part of the company’s efforts to expand its distributor network and service facilities across the country. Ehab Eshaq, general manager of Grundfos Egypt, said that the opening of the Alexandria branch is designed to serve the company’s customers on the West Coast and in Alexandria and the Delta area and reduce the burden of transporting pumps to Cairo for maintenance. “The opening of the Alexandria branch is part of the company’s coordinated expansion plan that is expected to include branches and maintenance centres in other governorates in the upcoming period according to need,” added Eshaq. Eshaq praised customers’ support to date. He estimates that the company’s sales during the past year were LE350 million. Grundfos Egypt is aiming to increase sales by 10–15% to LE400 million by the end of this year. “The Egyptian market is a promising market that the company is keen to address strongly,” said Okay Barutcu, regional managing director for Eastern Europe, Asia, Middle East and North Africa at Grundfos International. Dubai-based Grundfos Gulf Distribution FZE is the regional headquarters for Grundfos for the East Europe, Western Asia and Africa Region. For further information, visit www.grundfos.ae
February 2018
Xylem included in Barron’s 100 Most Sustainable Companies
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ylem Inc has been ranked number 10 on Barron’s inaugural 100 Most Sustainable Companies list. The water technology company was also ranked number 2 on Barron’s Special Report: The Most Sustainable Industrials. “At Xylem, it’s not just what we do that matters, but how we do it,” said Patrick Decker, president and CEO of Xylem Inc. “Sustainable practices are woven into every aspect of our operations and business strategy. They define how we help our customers solve their water and infrastructure challenges, how we run our own operations, and how we treat our colleagues and give back to the communities in which we work and live.” For the rankings, Barron’s partnered with Calvert Research and management, which analyzed the 1000 largest publicly held companies, measured by market capitalization, with headquarters in the United States. Each company was rated on its demonstrated responsibility in five stakeholder categories: shareholders, employees, customers, planet and community.
For further information, visit www.xylem.com and www.barrons.com/articles/barrons-100-mostsustainable-companies-1517605530
Double win for Weir Minerals Europe at Future Manufacturing Awards
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eir Minerals Europe received the Health and Safety Award at the EFF’s (formerly Engineering Employers’ Federation) Future Manufacturing Awards in London, UK. The Todmorden, UK-based company also won the Winner of Winners award – a title awarded to the most outstanding company
Dividends • Xylem Inc’s board of directors has announced a 17% increase in the company’s dividend to US$0.21 per share. The company’s next dividend is payable on 15 March 2018 to shareholders of record on 15 February 2018. www.xylem.com • ITT Inc is raising its quarterly dividend, for a sixth consecutive year, by 5% to US$0.134 per share on the company’s outstanding stock. The cash dividend for the first quarter of 2018 will be distributed on 2 April 2018, to shareholders of record on 12 March 2018. www.itt.com • Pentair plc will pay a regular quarterly cash dividend of US$0.35 per share on 27 April 2018 to shareholders of record on 13 April 2018. 2018 marks the 42nd consecutive year that Pentair has increased its dividend. Pentair’s Electrical business nVent Electric is targeted to separate from Pentair’s Water business on 30 April 2018 (see Pump Industry Analyst, May 2017). www.pentair.com • The Gorman-Rupp Co’s next quarterly cash dividend of US$0.125 per share on its common stock will be paid on 9 March 2018 to shareholders of record on 15 February 2018. This will be the 272nd consecutive quarterly dividend that Gorman-Rupp has paid. www.gormanrupp.com • Crane Co’s board has declared a 6% increase in its quarterly dividend, to US$0.35 per share from US$0.33 per share. The dividend is payable on 9 March 2018 to shareholders of record on 28 February 2018. The company’s indicated annual dividend rate will now be US$1.40 per share. www.craneco.com • The regular Graco Inc quarterly dividend of US$0.1325 per common share is payable on 2 May 2018, to shareholders of record on 16 April 2018. www.graco.com
Pump Industry Analyst
3
Grundfos opens new branch in Egypt
G
rundfos Egypt has officially opened a new branch in Alexandria as part of the company’s efforts to expand its distributor network and service facilities across the country. Ehab Eshaq, general manager of Grundfos Egypt, said that the opening of the Alexandria branch is designed to serve the company’s customers on the West Coast and in Alexandria and the Delta area and reduce the burden of transporting pumps to Cairo for maintenance. “The opening of the Alexandria branch is part of the company’s coordinated expansion plan that is expected to include branches and maintenance centres in other governorates in the upcoming period according to need,” added Eshaq. Eshaq praised customers’ support to date. He estimates that the company’s sales during the past year were LE350 million. Grundfos Egypt is aiming to increase sales by 10–15% to LE400 million by the end of this year. “The Egyptian market is a promising market that the company is keen to address strongly,” said Okay Barutcu, regional managing director for Eastern Europe, Asia, Middle East and North Africa at Grundfos International. Dubai-based Grundfos Gulf Distribution FZE is the regional headquarters for Grundfos for the East Europe, Western Asia and Africa Region. For further information, visit www.grundfos.ae
February 2018
Xylem included in Barron’s 100 Most Sustainable Companies
X
ylem Inc has been ranked number 10 on Barron’s inaugural 100 Most Sustainable Companies list. The water technology company was also ranked number 2 on Barron’s Special Report: The Most Sustainable Industrials. “At Xylem, it’s not just what we do that matters, but how we do it,” said Patrick Decker, president and CEO of Xylem Inc. “Sustainable practices are woven into every aspect of our operations and business strategy. They define how we help our customers solve their water and infrastructure challenges, how we run our own operations, and how we treat our colleagues and give back to the communities in which we work and live.” For the rankings, Barron’s partnered with Calvert Research and management, which analyzed the 1000 largest publicly held companies, measured by market capitalization, with headquarters in the United States. Each company was rated on its demonstrated responsibility in five stakeholder categories: shareholders, employees, customers, planet and community.
For further information, visit www.xylem.com and www.barrons.com/articles/barrons-100-mostsustainable-companies-1517605530
Double win for Weir Minerals Europe at Future Manufacturing Awards
W
eir Minerals Europe received the Health and Safety Award at the EFF’s (formerly Engineering Employers’ Federation) Future Manufacturing Awards in London, UK. The Todmorden, UK-based company also won the Winner of Winners award – a title awarded to the most outstanding company
Dividends • Xylem Inc’s board of directors has announced a 17% increase in the company’s dividend to US$0.21 per share. The company’s next dividend is payable on 15 March 2018 to shareholders of record on 15 February 2018. www.xylem.com • ITT Inc is raising its quarterly dividend, for a sixth consecutive year, by 5% to US$0.134 per share on the company’s outstanding stock. The cash dividend for the first quarter of 2018 will be distributed on 2 April 2018, to shareholders of record on 12 March 2018. www.itt.com • Pentair plc will pay a regular quarterly cash dividend of US$0.35 per share on 27 April 2018 to shareholders of record on 13 April 2018. 2018 marks the 42nd consecutive year that Pentair has increased its dividend. Pentair’s Electrical business nVent Electric is targeted to separate from Pentair’s Water business on 30 April 2018 (see Pump Industry Analyst, May 2017). www.pentair.com • The Gorman-Rupp Co’s next quarterly cash dividend of US$0.125 per share on its common stock will be paid on 9 March 2018 to shareholders of record on 15 February 2018. This will be the 272nd consecutive quarterly dividend that Gorman-Rupp has paid. www.gormanrupp.com • Crane Co’s board has declared a 6% increase in its quarterly dividend, to US$0.35 per share from US$0.33 per share. The dividend is payable on 9 March 2018 to shareholders of record on 28 February 2018. The company’s indicated annual dividend rate will now be US$1.40 per share. www.craneco.com • The regular Graco Inc quarterly dividend of US$0.1325 per common share is payable on 2 May 2018, to shareholders of record on 16 April 2018. www.graco.com
Pump Industry Analyst
3