IN FOCUS

Dura Pump has announced its move to a new site, as the business ushers in an era of continued growth. Renowned for its work in supplying, installing, maintaining and repairing pump systems, Dura Pump will expand its operations, as it moves to a new site on Brackmills Industrial Estate, over three times the size of its previous premises.

In 2023, the Frankenthal-based pump and valve manufacturer KSB achieved its highest ever order intake and sales revenue. At 7.9 %, the EBIT margin exceeded its expectations for the financial year. At the Annual General Meeting on 8 May, Dr Bernd Flohr, Chairman of the Supervisory Board, expressed his satisfaction in view of the persistently difficult economic conditions.

Armstrong Fluid Technology announced that Andrew (Andy) Harrop has been appointed Global Director, Regional Sales Enablement Centers.

In the face of an expected market downturn for ballast water management systems, DESMI has not only sustained its robust growth direction can also announce a record-breaking revenue for 2023, nearing 2 billion DKK.

Sulzer has acquired a single-digit minority share in Wealth Minerals Ltd., a developer of premier “green minerals” projects based in Vancouver BC, Canada. The official announcement was made on 15.05.2024 in Winterthur, Switzerland, and Vancouver, Canada.

Franklin Electric Co., Inc. announced that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson.

Ingelfingen-based technology company GEMÜ has been named a “Digital Champion” by Focus Money and Deutschland Test for the third time running. GEMÜ was awarded a ranking of second place among companies recognized in the “machinery and plant construction” sector.

Sealing manufacturer Freudenberg Sealing Technologies has acquired the Trygonal Group effective April 30, 2024, strengthening its global business unit Freudenberg Xpress, an expert in small and medium batch sizes, rapid prototyping, and customer-specific sealing solutions.

Xylem Inc. reported first-quarter results. The Company’s total revenue of $2.0 billion surpassed prior guidance, on strong execution and demand. First-quarter earnings also exceeded Xylem’s previous guidance.

As part of an in-house strategy program, the Möhlenhoff Group has set a decisive course for a future-proof orientation. In addition to the long-standing Managing Director Frank Geburek, who has been on the management board for over ten years, Stefan Soellner has been appointed as the second Managing Director with effect from February 1, 2024.