Larox divests Larox Flowsys holding to Capillary OY

Larox divests Larox Flowsys holding to Capillary OY

NEWS Grundfos expands in India G rundfos has officially opened Phase II of its manufacturing unit in Chennai, India. The 7000 sq m plant was built ...

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NEWS

Grundfos expands in India

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rundfos has officially opened Phase II of its manufacturing unit in Chennai, India. The 7000 sq m plant was built in 11 months with an investment of Rp176 million. Facilities include a 1000 sq m office area, a 300 KW test bed and service/training and logistics departments. For further information, visit www.grundfos.in and www.grundfos.com

Larox divests Larox Flowsys holding to Capillary OY

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arox Corp has sold its 49% stake in Larox Flowsys Oy to Capillary Oy in a E3.5 million deal (see Pump Industry Analyst, November 2009). Larox Flowsys supplies pinch and knife gate valves and peristaltic pumps for abrasive, corrosive and other demanding shut-off, control and pumping applications serving process industries worldwide. In 2008 Larox Flowsys had net sales of approximately 16.6 million and employed 52 people. Production facilities are located in Lappeenranta, Finland. Larox Flowsys can use the Larox trademark and company name for the next three years. The sale will not affect the cooperation between Larox Corp and Larox Flowsys Oy.

SPX chairman, president and CEO Christopher Kearney. “The acquisition also further enhances our design competencies for the turnkey, scalable food processing systems. Food manufacturers are increasingly seeking these kinds of systems to help optimise the production quality, efficiency, reliability and scale of their operations.” Gerstenberg Schröder had fiscal 2009 revenues of approximately US$70 million. The company will now operate within SPX’s Flow Technology segment, which already includes APV, Bran + Luebbe, Johnson Pump, Plenty Mirrlees Pump and Waukesha Cherry Burrell pumps. For further information, visit www.spx.com, www.spxflowtechnology.com and www.gs-as.com

Torishima Pump posts strong gains in orders and net profit

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n the nine months to 31 December 2009, Japan’s Torishima Pump Mfg Co Ltd has secured orders worth ¥49.7 billion, sales of ¥29.5 billion, operating profit of ¥1.7 billion, and net profit of ¥1.7 billion. This compares with orders of ¥38.0 billion, sales of ¥29.7 billion, operating profit of ¥1.7 billion and net profit of ¥1.3 billion for the same period a year earlier. Order backlog at 31 December 2009 was ¥70.7 billion, up from ¥57.5 billion at the end of 2008.

For further information, visit www.torishima.co.jp For further information, visit www.larox.com

SPX seals Gerstenberg Schröder acquisition

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PX Corp has completed the acquisition of Gerstenberg Schröder A/S, a Danish manufacturer of food processing systems and components including pumps (see Pump Industry Analyst, January 2010). “The addition of Gerstenberg Schröder strengthens our growing process equipment business by expanding our global food processing technology, equipment offerings and systems capabilities,” said 16

Pump Industry Analyst

Europump 2010 Annual Meeting

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egistration is now open for the Europump 2010 Annual Meeting and 50th Anniversary Celebration which will be held in Paris, France 26–29 May 2010. The Europump Annual Meeting is a chance to share experiences and exchange views on the development of the pump industry. For further information, visit www.europump-paris2010.com and www.profluid.org

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March 2010