www.pumpindustryanalyst.comISSN 1359-6128 June 2013

Company ProfileAndritz 5

Dover 6

Company WatchAlfa Laval 7

Colfax 7

Curtiss-Wright 8

Flowserve 8

FLSmidth 9

SPX 9

Diary 15

Dividends 13

Exchange Rates 14

Financial Calendar 14

In Brief 12

Market Prospects 2–4

New Product Developments 14

NewsTorishima Pump takes 50% stake in

US high-pressure pump manufacturer 1

Wilo opens new pump plant in South Korea 1

Grundfos inaugurates new factory in Serbia 12

Ruhrpumpen adds Brazilian plant to growing manufacturing base 12

Sulzer Pumps expands South African sales and service operations 12

Wilo invests in new US distribution and service centre 13

ITT supports Engineers without Borders 13

Sulzer Pumps strengthens Etteplan partnership 13

Xylem acquires German dewatering specialist Pollmann Pumpen 16

Nikkiso in talks to buy Geveke 16

Flowserve relocates part of pump business to Pennsylvania 16

Orders & Contracts 10

People & Appointments 11

Stock Watch 15

Contents

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pumpindustryANALYST

Torishima Pump takes 50% stake in US high-pressure pump manufacturer

Japan’s Torishima Pump Mfg Co Ltd has acquired a 50% interest

in Fluid Equipment Development Co LLC (FEDCO), a US-based manufacturer of high-pressure pumps and energy recovery devices.

Headquartered in Monroe, Michigan, FEDCO designs and manufactures fluid machinery such as turbochargers and pumps for the growing energy recovery market.

Last year, Torishima and FEDCO agreed to establish a joint venture, Advanced Pumps International LLC, for the development, manufacture, sales and service of pumps for the oil & gas industry (see Pump Industry Analyst, June 2012). By acquiring a 50% stake in FEDCO, Torishima says it is cementing the relationship between the two parties, easing the way for greater penetration of global markets and supporting the development of unique energy-efficient and energy recovery rotating equipment.

Torishima says its investment in FEDCO will create a number of strategic benefits. The Japanese pump maker believes that having high-efficiency pumps and energy recovery devices under one umbrella will allow for greater pooling of resources to

explore new markets such as water, oil & gas and general industry. The broader range of products will also consolidate both companies’ positions in the desalination market. Torishima currently has no manufacturing or service base in the US. This investment will allow Torishima to use FEDCO’s US facility for conventional pump operations, giving Torishima a presence in all major continents. FEDCO’s advanced Lean engineering system will also allow Torishima to expand its global business more efficiently.

Although Torishima holds a 50% interest, FEDCO will continue to be managed by its current president Eli Oklejas, in conjunction with a new Torishima management team.

FEDCO expects to have a turnover of US$25 million in 2013.

For further information, visit www.torishima.co.jp and

www.fedco-usa.com

COMMENTWhile Torishima Pump Mfg’s investment in FEDCO expands its products and markets, the deal also brings the Japanese pump maker a US manufacturing base. ■

Wilo opens new pump plant in South Korea

The Wilo Group has invested E27.25 million in a new pump

manufacturing plant in Busan, South Korea.

Production has already started at the new facility, which has the capacity to manufacture more than one million pumps per annum for both residential construction and industrial and commercial use. Production will also include 200 000 pump motors per year. The plant is equipped with a test bench along with an 18.3 m deep test basin for commercial pumps to allow large-

sized models to be manufactured for the export market.

The new Wilo site in Busan, which includes sales and administrative facilities, has room for future expansion.

“With the new plant in Busan, we hope to expand our production capacity for the Asia-Pacific market,” said Oliver Hermes, chairman of the Wilo SE executive board.

Wilo has been manufacturing in South Korea since 1993.

For further information, visit www.wilo.com