ITT Inc. announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps […]
Parker Hannifin is launching a new network of Certified Mobile Electrification Centers across Europe, the Middle East and Africa to accelerate the transition to low-carbon mobile equipment operations. Novum Tech – based in Goncelin, near Grenoble – is the first Parker distributor to complete the rigorous training and assessment process required for certification. More will […]
Pentair plc announced second quarter 2023 sales of $1.1 billion. Sales were up 2 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 7 percent in the second quarter. Second quarter 2023 earnings per diluted share from continuing operations (“EPS”) were $0.93 compared to $0.92 […]
Orders CHF 1’992.4m, + 24.1% YOY on robust growth momentum in all divisions. Sales CHF 1’601.6m, +15.4% in H1 on robust execution. Operational profit CHF 162.4m, +27.3% YOY, which reflects improvements in operations. Executive Chairwoman Suzanne Thoma stated: “Due to favorable market conditions, our good positioning, first operational improvements and growth initiatives, we substantially increased […]
Armstrong Fluid Technology has relocated its sales office from Mannheim, Germany, to a larger site in Frankfurt to support the company’s European expansion. Armstrong has had a dedicated European HQ since 2018, following its acquisition of the Circulator Pump Business Unit of German-based HALM Circulators. Having outgrown its current site, the company has now moved […]
At the annual Company Cup in Annecy (France), employees from large European companies compete in various sporting events. The biggest team this year was from Pfeiffer Vacuum and Busch Vacuum Solutions. <!—-> During the 10th edition of the Company Cup, a total of 3,300 athletes from 90 companies participated. Pfeiffer Vacuum and Busch Vacuum Solutions […]
Mats Rahmström, President and CEO of the Atlas Copco Group, comments on the report for Q2. <!—-> “I’m very pleased to present a quarter with record revenues and operating profit,” said Mats Rahmström. “The demand for our products and services remained strong.” The order intake in the second quarter reached MSEK 43 471 (41 010), […]
Franklin Electric Co., Inc. announced its second quarter financial results for fiscal year 2023. Second quarter 2023 net sales were $569.1 million, compared to second quarter 2022 net sales of $551.1 million. Second quarter 2023 operating income was $80.9 million, compared to second quarter 2022 operating income of $81.0 million. Second quarter 2023 EPS was […]
In the first half of this year, GF’s business continued to perform well, despite heavy currency headwinds and geopolitical tensions. Sales of sustainable products and solutions, underpinned by long-term megatrends such as urbanization, energy efficiency and high demand for clean drinking water, continue to sustain performance and profitability. <!—-> GF’s solid financial position and global […]
– On Friday, July 14, 2023, the German Federal Minister for Economic Affairs and Climate Action, Dr. Robert Habeck, visited the drive specialist Flender at its production site in Penig, Germany. Part of the delegation were several advisors from the Federal Ministry for Economic Affairs and Climate Action as well as 30 journalists from the […]
The pump industry is an enormous industry and plays a critical role in almost every facet of our lives. Water supply, fire protection, oil & gas, power plants, waste water treatment, sump pumps at homes, processing chemicals, foods & pharmaceuticals, and many more.
