IN FOCUS

Integrated Offering for Process Industries Will Provide Lower Lifecycle Cost, Improved Process Control, and Real-time Asset Management

AUBURN HILLS, Mich., May 31 /PRNewswire/ — ITT Industries today announced the appointment of Stormy T. W. Hicks as President of its global Fluid Handling Systems Group.

TECUMSEH, Mich., May 23 /PRNewswire/ — Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced today the declaration of a regular quarterly cash dividend of $.32 per share payable June 29, 2001 to shareholders of record of its Class A and Class B Common Stock as of June 15, 2001.

MUSKEGON, Mich., May 24 — SPX Corporation (NYSE: SPW) today announced that it has completed the previously announced acquisition of United Dominion Industries Limited (NYSE: UDI; TSE).

CHARLOTTE, NC, May, 23, 2001 – United Dominion Industries announced today that Don Canterna will assume the role of President of Waukesha Cherry-Burrell.

Glasgow, May 29th: The Weir Group PLC announces the appointment of Mr Mark Selway as Chief Executive. He will take up his appointment on 5th June 2001.

For the third time, after 1995 and 1998, WOMA’s quality management system is certified by Lloyd’s Register Quality Assurance Limited. Thus, WOMA remains the leading manufacturer of high-pressure waterjet technique that produces according to the ISO 9001 quality standard.

Warren Pumps is very pleased to announce that effective March 1, 2001, it will become the exclusive North and South American distributor for Houttuin, B.V.

ARVADA, Colo., May 18, 2001 — We are delighted to announce that Sundyne Corporation is the recipient of the Colorado Governor’s Award for Excellence in Exporting. This award honors Colorado companies who have made a significant contribution to exporting.

Nikkiso has newly established two subsidiaries, NIKKISO Pumps KOREA LTD. and NIKKISO Pumps America, Inc.