gl&v adds membranes to growing portfolio
Post on 05-Jul-2016
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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