IN FOCUS

SAER Elettropompe Srl, profiting from its experience of many years in the production of 6”-8”-10” and 12” submersible motors, has now introduced the new series of 4” motors.

An important addition has been made to the full range of spares and accessories for the popular Flotronic One-Nut range of air operated double diaphragm pumps available from Tri-Ark.

Invoiced sales: SEK 5,528 million (7,957)

Net earnings: SEK 173 million (526)

Earnings per share: SEK 5.78 (17.54)

Earnings after financial items in current operations: SEK 248 mill. (233)

Earnings per share in the current operations: SEK 5.78 (5.42)

October 29, 2003. Crane Co. announced that R. S. Evans, Chairman of the Board of Directors, has filed a Form 144 disclosing the intention to sell up to 200,000 shares of Crane Co. common stock in accordance with Rule 144 of the Securities and Exchange Commission.

The Flowserve Corporation has published a new full color, 20-page Mining and Mineral Processing brochure. This bulletin showcases the Pump Division’s full range of mining and mineral processing pumps for such services as: benefication, hydrometallurgy and refining.

Tri-Ark is delighted to announce the supply of the complete range of Pulsafeeder pumps, pump controllers and chemical feed systems.

ITT Flygt has released a further two slim line pumps, for use in active dewatering. The new 60Hz models, which can handle up to 850 US GPM (55 l/s) and pump up to heads of 240 feet (70 meters), can operate in pipes ranging between 12”and 20” (300 & 500 mm) in diameter, with 3” and 4” hoses.

National-Oilwell, Inc. reported net income of $22.7 million ($0.27 per diluted share) for its third quarter ended Sept. 30, 2003.

Diluted EPS from continuing operations increase 27%; continued organic sales growth contributes to 8% gain in net sales.

Sulzer have invested over $3 million at their plant in Leeds (UK) to upgrade the existing gas turbine driven equipment test bed to be capable of running units up to 30 MW (i.e. Rolls Royce RB211) at full load.