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Xylem joins American Business Act on Climate Pledge
NEWS/DIVIDENDS transaction in OriginClear’s corporate strategy to rapidly acquire US water service companies focused on specialised water treatment (see Filtration Industry Analyst, October 2015). “The independent audit showed, as expected, that PWT is a solvent and profitable water treatment company, with annual revenues of about six million dollars, which it expects to repeat this year,” said Bill Charneski, president of OriginClear. “We look forward to PWT making a significant contribution to OriginClear’s revenue and profits, beginning with the fourth quarter of 2015.” “The board is very satisfied with the speed of the acquisition and the quality of the work,” said Riggs Eckelberry, CEO and chairman of the OriginClear board. “Bill Charneski identified PWT in April, and we announced a definitive agreement in August. And we closed the acquisition less than two months later – that sets a great standard.” For further information, visit www.originclear.com and www.progressivewater.com
partnering with organisations such as the Stockholm International Water Institute, Carbon Disclosure Project, CERES and the UN Global Compact. “The connection between climate and our shared water resources cannot be ignored,” said Patrick Decker, Xylem president and CEO. “As a leader in the water technology industry, we view climate change as a vital opportunity to create value for all stakeholders and we are proud to join this important pledge. Through our energy efficient technologies that help mitigate the effects of climate change in water infrastructure, we help customers and partners around the globe to reduce emissions. We are also helping communities to adapt to climate change with solutions that increase resilience to droughts and floods, making them more water-secure. By promoting sustainable solutions, we will continue to meet our customers’ needs while also advancing socially responsible business practices as a citizen of the global community,” said Decker. For further information, visit www.xyleminc.com
Xylem joins American Business Act on Climate Pledge
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ylem Inc has committed to the American Business Act on Climate Pledge. Between now and 2020, Xylem pledges to reduce greenhouse gas emissions intensity from Xylem facilities by 20% by 2020 compared to the company’s 2014 baseline, cut waste sent to landfill by 20% and decrease Xylem’s water use by 25%. Xylem also pledges to invest in energy-efficiency retrofits for its manufacturing facilities and to continue investments in R&D to develop water technologies that are energy-efficient, reliable and help customers build climate resilience. Other pledges include introducing new products such as highly-efficient water technologies, pumps and treatment solutions that use less energy and reduce lifecycle costs, including the integration of renewable energy into key water technologies; continuing to invest in the development of low-cost water technologies for communities in developing economies; developing and promoting research focused on understanding how the water sector can support climate change monitoring, mitigation and adaptation; and continuing to advocate for private sector action in curbing climate change through
December 2015
George T Wilkinson acquires Ultra Filtronics
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ndustrial boiler supplier and servicer George T Wilkinson Inc has acquired Ultra Filtronics Ltd, a provider of ultrapure water purification systems for the biotech and pharmaceutical industries. Founded in 2002, Ultra Filtronics installs and maintains ultrapure water systems. Specialising in the pharmaceutical and biopharmaceutical industries, Ultra Filtronics also offers validation services testing, training and laboratory systems consultants for a variety of industrial water filtration systems across a number of sectors. “This is an important next step for Ultra Filtronics as we look to grow our reach within the region as well as add new resources to better support our customers and partners,” said Gene Dennen, founder of Ultra Filtronics Ltd. Ultra Filtronics will retain its name under George T Wilkinson ownership and operate as Ultra Filtronics Inc. Both companies are based in Massachusetts.
For further information, visit www.gtwilkinson.com and www.ultrafiltronics.com
Dividends UÊ Pentair plc’s board of directors has approved a 5% increase in the company’s regular annual cash dividend rate for 2016. This will increase the 2016 payment to US$1.34 per share from the US$1.28 per share paid in 2015. Pentair will pay a regular quarterly cash dividend of US$0.33 per share on 12 February 2016 to shareholders of record on 29 January 2016. The company intends to pay dividends in 2016 in four quarterly instalments of US$0.33 in each of the first and second quarters and US$0.34 in each of the third and fourth quarters. 2016 will mark the 40th consecutive year that Pentair has increased its dividend. www.pentair.com UÊ >«>½ÃÊ Kubota Corp has decided to pay ¥14 per common share as the interim dividend for the current fiscal year, which is ¥2 higher than last year’s interim payment. Kubota intends to also propose a year-end dividend of ¥14 per common share. As a result, the annual dividend per common share for the fiscal year ending 31 December 2015 will be ¥28, the same as last year. This fiscal year ending 31 December 2015 is the nine-month irregular accounting period which started on 1 April 2015, due to a change in the fiscal year-end. www.kubota.co.jp UÊ / iÊ iÝÌÊ Esco Technologies Inc quarterly cash dividend of US$0.08 per share will be paid on 19 January 2016 to stockholders of record on 4 January 2016. www.escotechnologies.com UÊ Ecolab Inc has announced a 6% increase in the company’s quarterly cash dividend to US$0.35 per common share, to be paid on 15 January 2016, to shareholders of record on 15 December 2015. This increase results in a new indicated annual cash dividend of US$1.40 per share in 2016 and represents Ecolab’s 24th consecutive annual dividend rate increase. www.ecolab.com UÊ Lindsay Corp’s regular quarterly cash dividend of US$0.28 per share will be payable on 29 February 2016 to shareholders of record on 15 February 2016. www.lindsay.com
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partnering with organisations such as the Stockholm International Water Institute, Carbon Disclosure Project, CERES and the UN Global Compact. “The connection between climate and our shared water resources cannot be ignored,” said Patrick Decker, Xylem president and CEO. “As a leader in the water technology industry, we view climate change as a vital opportunity to create value for all stakeholders and we are proud to join this important pledge. Through our energy efficient technologies that help mitigate the effects of climate change in water infrastructure, we help customers and partners around the globe to reduce emissions. We are also helping communities to adapt to climate change with solutions that increase resilience to droughts and floods, making them more water-secure. By promoting sustainable solutions, we will continue to meet our customers’ needs while also advancing socially responsible business practices as a citizen of the global community,” said Decker. For further information, visit www.xyleminc.com
Xylem joins American Business Act on Climate Pledge
X
ylem Inc has committed to the American Business Act on Climate Pledge. Between now and 2020, Xylem pledges to reduce greenhouse gas emissions intensity from Xylem facilities by 20% by 2020 compared to the company’s 2014 baseline, cut waste sent to landfill by 20% and decrease Xylem’s water use by 25%. Xylem also pledges to invest in energy-efficiency retrofits for its manufacturing facilities and to continue investments in R&D to develop water technologies that are energy-efficient, reliable and help customers build climate resilience. Other pledges include introducing new products such as highly-efficient water technologies, pumps and treatment solutions that use less energy and reduce lifecycle costs, including the integration of renewable energy into key water technologies; continuing to invest in the development of low-cost water technologies for communities in developing economies; developing and promoting research focused on understanding how the water sector can support climate change monitoring, mitigation and adaptation; and continuing to advocate for private sector action in curbing climate change through
December 2015
George T Wilkinson acquires Ultra Filtronics
I
ndustrial boiler supplier and servicer George T Wilkinson Inc has acquired Ultra Filtronics Ltd, a provider of ultrapure water purification systems for the biotech and pharmaceutical industries. Founded in 2002, Ultra Filtronics installs and maintains ultrapure water systems. Specialising in the pharmaceutical and biopharmaceutical industries, Ultra Filtronics also offers validation services testing, training and laboratory systems consultants for a variety of industrial water filtration systems across a number of sectors. “This is an important next step for Ultra Filtronics as we look to grow our reach within the region as well as add new resources to better support our customers and partners,” said Gene Dennen, founder of Ultra Filtronics Ltd. Ultra Filtronics will retain its name under George T Wilkinson ownership and operate as Ultra Filtronics Inc. Both companies are based in Massachusetts.
For further information, visit www.gtwilkinson.com and www.ultrafiltronics.com
Dividends UÊ Pentair plc’s board of directors has approved a 5% increase in the company’s regular annual cash dividend rate for 2016. This will increase the 2016 payment to US$1.34 per share from the US$1.28 per share paid in 2015. Pentair will pay a regular quarterly cash dividend of US$0.33 per share on 12 February 2016 to shareholders of record on 29 January 2016. The company intends to pay dividends in 2016 in four quarterly instalments of US$0.33 in each of the first and second quarters and US$0.34 in each of the third and fourth quarters. 2016 will mark the 40th consecutive year that Pentair has increased its dividend. www.pentair.com UÊ >«>½ÃÊ Kubota Corp has decided to pay ¥14 per common share as the interim dividend for the current fiscal year, which is ¥2 higher than last year’s interim payment. Kubota intends to also propose a year-end dividend of ¥14 per common share. As a result, the annual dividend per common share for the fiscal year ending 31 December 2015 will be ¥28, the same as last year. This fiscal year ending 31 December 2015 is the nine-month irregular accounting period which started on 1 April 2015, due to a change in the fiscal year-end. www.kubota.co.jp UÊ / iÊ iÝÌÊ Esco Technologies Inc quarterly cash dividend of US$0.08 per share will be paid on 19 January 2016 to stockholders of record on 4 January 2016. www.escotechnologies.com UÊ Ecolab Inc has announced a 6% increase in the company’s quarterly cash dividend to US$0.35 per common share, to be paid on 15 January 2016, to shareholders of record on 15 December 2015. This increase results in a new indicated annual cash dividend of US$1.40 per share in 2016 and represents Ecolab’s 24th consecutive annual dividend rate increase. www.ecolab.com UÊ Lindsay Corp’s regular quarterly cash dividend of US$0.28 per share will be payable on 29 February 2016 to shareholders of record on 15 February 2016. www.lindsay.com
Filtration Industry Analyst
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