10202018Sat
Last updateFri, 19 Oct 2018 1pm

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Crane Energy Flow Solutions Acquires Krombach Group

Crane Energy Flow Solutions announced that it has purchased all of the capital stock of the Krombach Group. The company, which is based in Kreuztal, Germany, employs 640 people globally and 2008 sales are estimated to be approximately $91 million. The purchase includes manufacturing and foundry facilities in Slovenia and ownership of a joint venture in China.

Source: Crane Co.

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Westley Group Acquires Weir Group’s Valve & Pump Foundry

Immortalized by LS Lowry in the Salford artist s 1943 painting Going to Work, the plant had been known in recent years as Weir Foundry, after it was bought by the Weir Group, but is now reverting to its traditional name of Mathers Foundry in recognition of its heritage.

The foundry makes high integrity cast components and complex alloy products in duplex, super duplex, and ZERON cast alloys for the pump and valve industry.

Source: Westley Group

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Rotork Actuators Supplying Cameron Valves for Saudi Arabia Airport Expansion

Rotork IQPro intelligent electric actuators have been selected for a major expansion project at the King Abdul Aziz International Airport in Jeddah, Saudi Arabia.

The Airfield Facilities Upgrade is the first phase of the development program, for which Rotork is supplying 120 IQPro intelligent electric valve actuators to Cameron Valves for the control of double block and bleed valves installed on the hydrant refueling network for the A380.

Source: AME Info

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ITT Provides 2009 Outlook, Reaffirms 2008 Full-Year Guidance

ITT Corp. announced its full-year 2009 earnings forecast in the range of $3.60 to $4.00 per share, including anticipated restructuring costs.

Organic revenue in the Fluid Technology segment is expected to decline approximately four percent on softening municipal and commercial end markets.

Source: ITT

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First Profibus Competence Centre Set up in Australia by Tyco Flow Control Pacific

Tyco Flow Control Pacific has been accredited by Profibus International as the first Profibus International Competence Centre (PICC) in Australia. Profibus dominates all sectors of industrial automation.

Nick Smith, Tyco Flow Control Pacific’s Manager and Manager of the PICC, explains that it is a stringent accreditation process and Tyco Flow Control Pacific have worked hard to meet all the criteria.

Source: Ferret

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