IN FOCUS

David McKinstry, vice president of business development for IMO Pump, based in Monroe, North Carolina, has been named the Hydraulic Institute (HI) 2002 Member of the Year.

The Hydraulic Institute (HI) announced its 2003 – 2004 Board of Directors and officers during a general session of the annual meeting held recently in Scottsdale, Arizona.

CLEVELAND–Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced net income per share of $1.00 for the first quarter of 2003, an increase of 113 percent over net income per share of $.47 in the first quarter of 2002. Sales in the quarter were $1.92 billion, 12 percent above last year. Net income was $72 million compared to $33 million in 2002.

BWT 2002: Consolidated sales increased to EUR 431 million, strong market share gains on the European domestic market, cash flow at record level, full order book

The German Professor Peter A. Wilderer, who has promoted and developed holistic, interdisciplinary research for more than 30 years in the pursuit of sustainable water use and sanitation, was announced as the 2003 Stockholm Water Prize Laureate.

At Cardo AB’s annual general meeting, the following members of the board were re-elected: Tuve Johannesson, Berthold Lindqvist, Fredrik Lundberg, Lennart Nilsson, Bengt Pettersson, Anders Rydin and Kjell Svensson.

Due to reduced order intake as a result of the general uncertainty that has been influencing world economy in recent weeks, further intensified by the war in Iraq, Management in Grundfos A/S, the pump group’s Danish production company, decided to reduce the number of staff by 250.

ITT Industries, Inc., announced today that it has acquired the business and assets of pump manufacturer Uniservice Wellpoint Srl. Based in Italy, Uniservice Wellpoint produces a range of high quality diesel and electric powered, vacuum primed centrifugal pumps, along with spear or well point dewatering systems for the rental market and sale.

On March 31, 2003, Sulzer Chemtech acquired selected assets of the mixer business of Koch-Glitsch with locations in Wichita (Kansas, USA) and Winterthur (Switzerland). In 2002, this business had sales of USD 9.6 million.

At the annual North American Sales Meeting, Sales Director Tony Favilla awards Green Sales top honors for their 2002 performance.