Cummins to produce mid-range engines

Cummins to produce mid-range engines

Newly developed filters for the Bell 407X, AS 350, Agusta A119 and several military helicopters are being considered from the initial design phase to ...

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Newly developed filters for the Bell 407X, AS 350, Agusta A119 and several military helicopters are being considered from the initial design phase to incorporate the dry media. The dry media reportedly simplifies the service with the use of compressed air or an environmentally friendly cleaning solution and water, eliminating the time and attention required to dry and re-oil filters the companies report. The two companies plan to evaluate existing applications for retrofit as time allows within the regulatory approval process, making the dry media solution available to customers in the future. The majority of AFS systems will be offered with oiled media as a baseline and an option for the dry media, depending on customer preference and design requirements.

CUMMINS TO PRODUCE MID-RANGE ENGINES Cummins Inc and Kamaz Inc, the largest vehicle manufacturer in Russia, have signed a 50-50 joint venture agreement to produce B Series engines (120-275 horsepower) under the name ZAO Cummins Kama. Among customers of the new company will be Kamaz trucks and buses, as well as trucks, buses and agricultural equipment produced by other manufacturers in Russia, Belarus and the Ukraine. The engines will be produced in two stages to comply with Euro II and Euro III standards for diesel emissions. The B Series engines will be manufactured at the joint venture facilities, co-located with Kamaz in Naberezhnye Chelny, Tatarstan, about 700 miles east of Moscow. The first engines will be assembled in early 2006. “Cummins will benefit from its association with this

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highly respected OEM and its extensive dealer network in the Russian market,” said Tim Solso, Cummins chairman and CEO. Kamaz will gain from the use of Cummins dependable clean diesel engines and will have access to our new business and manufacturing technologies.” As part of the joint venture agreement, Cummins engines will be serviced through the extensive Kamaz network of 150 Autocenters, the largest in the Commonwealth of Independent States, and the Cummins independent dealer network.

PRIVATE EQUITY INVESTOR BUYS SUBSIDIARY FROM ITT ITT Industries has sold its Germany-based Richter Chemie-Technik GmbH (Richter) to The Riverside Company, a private equity investor. Terms of the transaction were not disclosed. Richter makes pumps and valves for selected segments in the chemical, fine chemical and pharmaceutical industries. It employs approximately 220 people and operates manufacturing sites in Germany and China. Riverside has also acquired Universal Air Filter Company (UAF), a designer and manufacturer of custom air filters used in cooling applications for electronic equipment in the communications, computer networking, industrial machinery, medical, military, transportation and data-storage industries. it manufactures over one million custom filters annually. “We believe that the financial and managerial resources Riverside brings to UAF will assist us in achieving our growth objectives,” said Todd Deibel, UAF’s President and CEO. Riverside says that it

will seek to grow UAF organically and through purchases of complementary companies.

GE ENERGY TO ACQUIRE ALTAIR FILTER TECHNOLOGY GE Energy has acquired Altair Filter Technology Group Limited, a provider of inlet filtration solutions for the power generation, oil and gas and marine industries. Gresham Private Equity, a UK-based mid-market private equity firm, is a majority stakeholder in the business. Based in Alton, UK and with operations in Louisville, Kentucky, USA, Altair has a global sales force and customer base and its technology has been installed in more than 2,000 units worldwide. “Adding Altair’s expertise, experience and leading technology will further expand our offerings in the environmental services arena,” said Dan Heintzelman, president of GE Energy’s services business. “It will enhance our technology portfolio by strengthening our systems and filtration capabilities, giving our customers more complete pre-combustion air quality solutions.”

BEKAERT ACQUIRES CONFLANDEY’S US BUSINESS Bekaert has purchased machinery and equipment from Conflandey Inc, an affiliate of the French Tréfileries de Conflandey SA. The purchase price amounts to US$4.5 million (E3.8 million). Bekaert will also act as Conflandey’s exclusive agent within the USA and Canada. Conflandey Inc, based in North Carolina, USA,

supplies stitching wire to most of the printing companies and binderies in North America. The company is also an important supplier of wire for the industrial staples market. Bekaert will transfer the equipment to its wire plant in Shelbyville, Kentucky, USA during the first quarter. In Shelbyville, the company already manufactures industrial staple wire products and fine speciality wires for all kinds of applications.

FLUE GAS DESULPHURISATION ORDERS TO SOAR Orders for flue gas desulphurisation (FGD) systems for power plants around the world will soar to US$7.8 billion in 2006 but will then fall back to an average of US$5 billion/yr over the next three years as suppliers scramble to build capacity, claims McIlvaine’s World FGD Markets updated report. The company suggest that the longer-term market will be sustained at US$5 billion/yr or more due to a number of reasons, including activity in many countries such as China and Chile; a switch from natural gas to coal for new coalfired plants as well as some existing plants; the need for multipollutant control including mercury, and the reduction of SO2 as a means of reducing ambient particulate. One of the biggest factors in growth of the FGD market will be multi-pollutant control, McIllvaine says. Recent studies show that with the use of chemical additives, FGD systems can remove 90% of the mercury, hydrogen chloride and hydrogen fluoride. FGD systems will also remove cadmium, arsenic, lead, copper, chromium and other toxic metals. In addition, FGD systems remove

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NEWS

February 2006