IN FOCUS

According to the McIlvaine Company the power industry has been on a spending spree for new coal-fired power plants. Led by China this spree has finally peaked but will remain at a high level thanks to India, Vietnam and Indonesia which are embarked on ambitious programs.

Parker Hannifin Corporation reported results for the fiscal 2016 first quarter ended September 30, 2015. Fiscal 2016 first quarter sales were $2.87 billion, compared with $3.27 billion in the prior year quarter.

ABB announces third quarter highlights.

The Fluid Sealing Association (FSA) is pleased to announce the appointment of Jeff Bernthisel, General Sales Manager at EGC Enterprises, Inc., Chardon, OH, and Carl Jones, Packing Market Specialist at W. L. Gore & Associates, Inc., Coraopolis, PA, to its Board of Directors.

Order intake on a currency-adjusted basis increased by 3% in the first nine months of the year. As part of its ongoing restructuring program, Sulzer is announcing the closure of its Pumps Equipment manufacturing plant in Brookshire, TX, USA, and is also considering closing its foundry in Kotka, Finland.

Atlas Copco’s custom engineering business, Systems Hemel Hempstead, is targeting significant growth under the leadership of newly-appointed General Manager Sebastien Bidault.

Baker Hughes Incorporated announced results for the third quarter of 2015.

Mapal Green Energy has announced the appointment of Julian Lowe to the newly created position of director of sales, UK and Ireland, where he will lead the growth of Mapal Green Energy’s s floating fine bubble aeration system into both the UK utility and industrial sectors.

Pentair announced third quarter 2015 sales of $1.6 billion. Sales were down 12 percent compared to sales for the same period last year. Adjusted third quarter 2015 earnings per diluted share from continuing operations (“EPS”) were $0.97, down 13 percent from adjusted EPS of $1.11 in the third quarter of last year.

In keeping with the current drive to expand its rough vacuum pump range in the UK, Atlas Copco Compressors has announced the appointment of two new regional sales managers within its Vacuum Solutions division, Steve Callaghan (North) and Mark Handler (South).