IN FOCUS

The market to remove liquids from oil, fuels and gas is close to $2 billion/yr. and includes a range of devices to remove both small and large droplets as well as water in emulsified solutions. Water and other liquids need to be removed from natural and synthetic gas.

Severe service valves are required for 56 percent of all the valve applications in the chemical industry. The definition of severe service includes valves which are subject to abrasion, corrosion, unusual pressures, or must be designed to meet stringent safety, sanitation, or contamination requirements.

In 2017 sales of water monitoring equipment and services will be $17 billion and air monitoring services will be $11 billion.

GEA s order intake rose to EUR 1,144.3 million in the first quarter of 2016. Whereas revenue fell, mainly as a result of a low order intake of small, fast-processed orders in the first two months of the year, the order backlog increased by 8.5 percent compared with December 31, 2015.

MOL Group announced its financial results for Q1 2016. The results imply that MOL is well on track to deliver its guidance and generate at least USD 2bn clean CCS EBITDA in 2016. MOL Group’s resilient integrated business model absorbed the effects of low oil prices as strong Downstream EBITDA growth offset the decline in Upstream profits.

EagleBurgmann sales rose to 806.3 million euros in the past business year (prior year: 765.8 million euros). The foreign share of sales amounted to 85 %, 15 % were achieved on the domestic market. The number of employed personnel was 5,771 (prior year: 5,908) on December 31, 2015. The weak euro resulted in positive effects in the exchange rate which had a considerable influence on the group figures of EagleBurgmann.

The Gorman-Rupp Company reports financial results for the first quarter ended March 31, 2016.

Orders from the power, water, and general industry markets improved, whereas headwinds in the oil and gas market remained significant. Order intake in the first quarter 2016 declined by 13.1% on a currency-adjusted basis compared with the same period of the previous year. However, it improved by 10.2% compared with the fourth quarter 2015.

Pentair announced first quarter 2016 sales of $1.6 billion. Sales were up 7 percent compared to sales for the same period last year. Excluding the unfavorable impact of currency translation (“FX”) and the positive contribution from acquisitions, core sales grew 1 percent in the first quarter.

Investors are attracted to pump companies because of the large size of the pump market and the fact that their products are needed in growing industries such as water treatment.