gl&v adds membranes to growing portfolio

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INDEX/NEWS NAME CHANGE FOR FLEETGUARD Fleetguard Inc, a wholly owned business unit of Cummins Inc, has changed its name to Cummins Filtration. “Cummins has adopted a one company/one name approach for all its business units,” said Pamela Carter, president of Cummins Filtra- tion. “Reducing the number of organisational and subsidiary brands reflects a nimbler, more streamlined business that can fully leverage the strength of the Cummins brand for all its stakeholders.” Fleetguard’s primary prod- uct brand will continue to dis- play the Fleetguard name. Cummins Filtration is a supplier of filtration, exhaust, chemical and coolant prod- ucts for diesel engines and gas-powered equipment. The move is part of a global branding initiative from Cummins designed to make it easier for customers to do business with Cummins worldwide. “By creating clarity and consistency with the Cum- mins brand worldwide, our external audiences will better recognise who we are and what sets Cummins - and our customer experience - apart from every other brand,” said Tim Solso, Cummins chair- man and CEO. Solso said that the timing was right for this branding initiative. “Over the last five years, the company has been reshaped into a company we are calling ‘The New Cummins’ - a company that is less cyclical, more diversified, more results-ori- ented and continuously com- mitted to turning a greater share of its sales into profits.” “To ensure that The New Cummins achieves top-of- mind awareness among all potential customers, partners and stakeholders,” he added, “Cummins is launching a stronger, more unified brand- ing strategy that reflects a stronger, more diversified Cummins.” JOB CUTS AT PALL Pall Corp is to reduce its global workforce by 10% in a cost reduction and facilities rationalisation program. The company’s facilities rationalisation program will reduce its footprint by over 20% and result in a 10% global manufacturing head- count reduction. This will achieve cost savings of US$2 million in fiscal year 2006, growing to annualised savings of US$40 million plus a further US$10 million in tax savings by the end of fiscal year 2008. The facilities rationalisation program is expected to be substantially complete by the end of fiscal year 2008, with approximate- ly 20% of the cost savings realised in fiscal year 2007. Restructuring and other charges of approximately US$7.3 million were recorded in Pall’s third quarter, primari- ly related to the company’s cost reduction programs, of which US$3.5 million was related to facilities reduction initiatives and US$3.8 million was primarily related to other cost reductions, including headcount reductions and streamlining operations in Europe. The established cost reduction programs are expected to deliver the target- ed US$20 million this fiscal year. “We are taking aggressive steps to address costs across the organisation with a num- ber of initiatives, including a significant facilities reduction effort, better procurement and sales discipline for our sys- tems business, and streamlin- ing of operations, particularly in lower-growth regions,” said CEO Eric Krasnoff. GL&V ADDS MEMBRANES TO GROWING PORTFOLIO Groupe Laperriere & Ver- reault Inc (GL&V) has signed a letter of intent to acquire Enviroquip Inc, an equipment supplier holding the exclusive marketing license to the Kubota mem- brane for the municipal wastewater treatment mar- ket in the USA. With annual sales of approximately US$25 million, the privately-owned Austin, Texas-based Enviroquip pro- duces water and wastewater treatment equipment, mainly for municipalities. In addition to various aeration, filter underdrain, aerobic digestion, belt filter press and clarifier systems, Enviroquip holds the exclusive US municipal market licence for the submerged membrane unit developed by Japan’s Kubota. GL&V has been the exclusive Kubota membrane licensee in Canada since 2004. This acquisition, when concluded, will be GL&V’s Water Treatment Group’s (Eimco Water Technologies) fourth within the past 14 months. Richard Verreault, president and chief operating officer of GL&V, indicated that the Enviroquip acquisition will bring a significant strate- gic value since it will enable Eimco Water Technologies to establish its presence in a market segment experiencing faster growth than the wastewater treatment industry as a whole, but where there are considerable barriers to entry due to existing patents. “The addition of this relatively new technology to our current selection of technologies will strengthen GL&V’s existing and future positioning in the North American municipal market.” Kubota has already given its basic consent to the deal. 2 Filtration Industry Analyst June 2006 Filtration Company Index AAF Filtration 1 AAF-McQuay 1 Ahlstrom 9,14,15 Alfa Laval 14,15 Andritz 14 Anhydro 7 Asahi Kasei 15 BBA 3 Camfil Farr 1 Camfil Farr Power Systems 1 Camfil Industrifilter 1 Ceco Environmental 3,5,15 Clarcor 5,11,15 Crane 15 Crown Andersen 15 Cummins 10,15 Cummins Filtration 2 Cuno 4 Daikin Industries 1 Dectron 14 Donaldson 6,15 Du Pont 15 Eaton 15 Entegris 15 Esco Technologies 15 Fedders 7,11,15 Flanders 15,16 Fleetguard 2 Freudenberg Nonwovens 7 GE 4,15 GEA 14,15 GL&V 2,7,15 GUD 14 H20 Innovation 2000 3,5,15 Hong Leong Group 1 Hydranautics 7 Hyflux 15 IF Luftfilter 1 ITT 3,4,7,12,15,16 Kaefer-Raco 1 Koch Membrane Systems 14 Kolon Industries 6 Kubota 2 Larox 14,15 FB Leopold 16 Lydall 15 3M 6,7,15 Mar Cor Purification 3 Megola 4 Membrana 6,14 Met-Pro 15 Metso 14 MFRI 15 Millipore 15 Nalco 6 Nitto Denko 15 Oxford Filtration 4 OYL Industries 1 Pall 2,7,15 Parker Hannifin 7,12,15 Peerless 6,15 Pentair 15 Porvair 14,15 Rousselet/Robatel 16 Sartorius 14,15 Severn Trend Services 14 Shanghai Chemical Machinery Plant 16 Siemens 4,6,14,15 SPX 5,13 Tamfelt 7 Tenneco 6 Toray 15 Water Chef 15 Watts Water 15 Weir 5,14 Whatman 14,15 Zenon 4,13

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Page 1: GL&V adds membranes to growing portfolio

IND

EX

/NE

WS

NAME CHANGEFOR

FLEETGUARDFleetguard Inc, a whollyowned business unit of Cummins Inc, has changedits name to Cummins Filtration.

“Cummins has adopted aone company/one nameapproach for all its businessunits,” said Pamela Carter,president of Cummins Filtra-tion. “Reducing the number oforganisational and subsidiarybrands reflects a nimbler, morestreamlined business that canfully leverage the strength ofthe Cummins brand for all itsstakeholders.”

Fleetguard’s primary prod-uct brand will continue to dis-play the Fleetguard name.

Cummins Filtration is asupplier of filtration, exhaust,chemical and coolant prod-ucts for diesel engines andgas-powered equipment.

The move is part of aglobal branding initiativefrom Cummins designed tomake it easier for customersto do business with Cumminsworldwide.

“By creating clarity andconsistency with the Cum-mins brand worldwide, ourexternal audiences will betterrecognise who we are andwhat sets Cummins - and ourcustomer experience - apartfrom every other brand,” saidTim Solso, Cummins chair-man and CEO. Solso said thatthe timing was right for thisbranding initiative. “Over thelast five years, the companyhas been reshaped into acompany we are calling ‘TheNew Cummins’ - a companythat is less cyclical, morediversified, more results-ori-ented and continuously com-mitted to turning a greatershare of its sales into profits.”

“To ensure that The NewCummins achieves top-of-mind awareness among allpotential customers, partnersand stakeholders,” he added,

“Cummins is launching astronger, more unified brand-ing strategy that reflects astronger, more diversifiedCummins.”

JOB CUTS AT PALL

Pall Corp is to reduce its global workforce by 10% in a cost reduction and facilities rationalisation program.

The company’s facilitiesrationalisation program willreduce its footprint by over20% and result in a 10% global manufacturing head-count reduction. This willachieve cost savings of US$2 million in fiscal year2006, growing to annualisedsavings of US$40 million plus a further US$10 million in tax savings by the end of fiscal year 2008. The facilitiesrationalisation program isexpected to be substantiallycomplete by the end of fiscalyear 2008, with approximate-ly 20% of the cost savingsrealised in fiscal year 2007.

Restructuring and othercharges of approximatelyUS$7.3 million were recordedin Pall’s third quarter, primari-ly related to the company’scost reduction programs, ofwhich US$3.5 million wasrelated to facilities reductioninitiatives and US$3.8 millionwas primarily related to othercost reductions, includingheadcount reductions andstreamlining operations inEurope. The established costreduction programs areexpected to deliver the target-ed US$20 million this fiscalyear.

“We are taking aggressivesteps to address costs acrossthe organisation with a num-ber of initiatives, including asignificant facilities reductioneffort, better procurement andsales discipline for our sys-tems business, and streamlin-ing of operations, particularlyin lower-growth regions,” saidCEO Eric Krasnoff.

GL&V ADDS MEMBRANES TO GROWING PORTFOLIO

Groupe Laperriere & Ver-reault Inc (GL&V) hassigned a letter of intent toacquire Enviroquip Inc, anequipment supplier holdingthe exclusive marketinglicense to the Kubota mem-brane for the municipalwastewater treatment mar-ket in the USA.

With annual sales ofapproximately US$25 million,the privately-owned Austin,Texas-based Enviroquip pro-duces water and wastewatertreatment equipment, mainlyfor municipalities. In additionto various aeration, filterunderdrain, aerobic digestion,belt filter press and clarifiersystems, Enviroquip holds theexclusive US municipal marketlicence for the submergedmembrane unit developed byJapan’s Kubota. GL&V hasbeen the exclusive Kubotamembrane licensee in Canadasince 2004.

This acquisition, whenconcluded, will be GL&V’sWater Treatment Group’s(Eimco Water Technologies)fourth within the past 14months. Richard Verreault,president and chief operatingofficer of GL&V, indicated that the Enviroquip acquisitionwill bring a significant strate-gic value since it will enableEimco Water Technologies toestablish its presence in a market segment experiencingfaster growth than the wastewater treatment industryas a whole, but where there are considerable barriers toentry due to existing patents.“The addition of this relativelynew technology to our currentselection of technologies willstrengthen GL&V’s existingand future positioning in theNorth American municipalmarket.”

Kubota has already givenits basic consent to the deal.

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Filtration Industry Analyst June 2006

Filtration Company Index

AAF Filtration 1AAF-McQuay 1Ahlstrom 9,14,15Alfa Laval 14,15Andritz 14Anhydro 7Asahi Kasei 15BBA 3Camfil Farr 1Camfil Farr Power Systems 1Camfil Industrifilter 1Ceco Environmental 3,5,15Clarcor 5,11,15Crane 15Crown Andersen 15Cummins 10,15Cummins Filtration 2Cuno 4Daikin Industries 1Dectron 14Donaldson 6,15Du Pont 15Eaton 15Entegris 15Esco Technologies 15Fedders 7,11,15Flanders 15,16Fleetguard 2Freudenberg Nonwovens 7GE 4,15GEA 14,15GL&V 2,7,15GUD 14H20 Innovation 2000 3,5,15Hong Leong Group 1Hydranautics 7Hyflux 15IF Luftfilter 1ITT 3,4,7,12,15,16Kaefer-Raco 1Koch Membrane Systems 14Kolon Industries 6Kubota 2Larox 14,15FB Leopold 16Lydall 153M 6,7,15Mar Cor Purification 3Megola 4Membrana 6,14Met-Pro 15Metso 14MFRI 15Millipore 15Nalco 6Nitto Denko 15Oxford Filtration 4OYL Industries 1Pall 2,7,15Parker Hannifin 7,12,15Peerless 6,15Pentair 15Porvair 14,15Rousselet/Robatel 16Sartorius 14,15Severn Trend Services 14Shanghai Chemical Machinery Plant 16Siemens 4,6,14,15SPX 5,13Tamfelt 7Tenneco 6Toray 15Water Chef 15Watts Water 15Weir 5,14Whatman 14,15Zenon 4,13