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Professor Sir Jim McDonald, one of the UK’s leading engineering academics is to lead the Group’s newly created Technology Advisory Board. The board, which includes highly regarded experts from a variety of disciplines, will ensure Weir continues to be at the leading edge of technology development in its chosen industries.

Mr. Claus Haubeil (49) took up his du­ties as Uraca’s Ma­n­ag­ing Di­rec­tor on Septem­ber 1, 2015.

The market for water and wastewater treatment chemicals will grow by over 16 % from 2015 to 2019 at oil prices of $80/barrel during the period and Chinese economic growth of 7 % per annum. At $40/barrel and 2 % economic growth in China, the treatment chemicals market growth will only be 10 %.

GEA has successfully completed the acquisition of Hilge, domiciled in Bodenheim, Germany, after approval by the relevant antitrust authorities.

Parker announced a previously completed transaction to acquire President Engineering Group Limited (PEGL) based in Sheffield, U.K. PEGL specializes in the design and manufacture of technically advanced, precision engineered cryogenic valves for liquefied natural gas (LNG) and Industrial Gas applications and specialized equipment for mining safety applications. Terms of the transaction were not disclosed.

Pentair announced that it completed acquisition of Erico Global Company.

At the Supervisory Board meeting, two long-serving GEA managers, the German Steffen Bersch, and the Dane Niels Erik Olsen were appointed to the Executive Board with effect from January 1, 2016. ,

A small number of companies purchase a large percentage of industrial valves. The McIlvaine company in Industrial Valves: World Market identifies these companies and provides estimates of their yearly valve purchases.

According to a new report by Allied Market Research titled “UV Disinfection Equipment Market – Size, Industry Analysis, Trends, Growth, and Forecast, 2013-2020”, the global UV disinfection equipment market has a potential to reach $2.8 billion by 2020, registering a CAGR of 15.3% during 2014-2020. The present progress witnessed in the market is due to the growing environmental concerns, toxicity of industrial water wastes, and the shrinking freshwater sources.

Worldwide market for submersible pumps is forecast to reach USD 12.2 billion by 2020, growing at a compounded annual rate of 5.4% during the period 2015 to 2020. According to MarketsandMarkets, factors such as growing percentage of urban population, rapid industrialization, and huge investments for infrastructure development will drive demand for submersible pumps across the globe.