Flowserve announced that it has received two prestigious industry awards from global growth consulting company Frost & Sullivan honoring its market leadership in the pump sector. The two awards cite Flowserve’s excellence in providing superior value to its customers and its global penetration in the oil and gas industry.
With the European pump industry approaching maturity, novel technologies such as intelligent pump systems are set to be the main driver for future growth. Demand for these ‘smart’ pumps is increasing across a wide range of end-user segments such as water and wastewater treatment, building automation, as well as food and beverages.
The European positive displacement pumps market is being increasingly influenced by the growth of east European economies and the imminent accession of eastern European countries into the European Union (EU) is expected to reinforce confidence and bolster demand.
Diversified industrial manufacturer Eaton Corporation announced net income per share of $1.37 for the second quarter of 2005, an increase of 33 percent over net income per share of $1.03 in the second quarter of 2004. Sales in the quarter were a record $2.83 billion, 18 percent above the same period in 2004.
Frost & Sullivan’s recent analysis, North American UPS Market — Government Sector, selected Eaton Corporation as the recipient of the 2005 Customer Development Leadership Award for its ability to best perceive customer’s uninterruptible power system (UPS) needs and develop products that have resulted in exceptional market penetration rate growth.
Frost & Sullivan will present Eaton Corporation with the 2005 Power Quality Company of the Year Award at tonight’s Excellence in Industrial Technologies Banquet.
In this third part of the IFAT report impeller.net moves down the alphabet and talks about innovations from companies starting with Iwaki.
The BWT Group increased its consolidated sales in the 2004 financial year by 17.3% from € 416.0 million to € 488.1 million.
In a recent market survey by Frost & Sullivan (London) on European power plant maintenance repair and overhaul strategies, Sulzer Elbar, a subsidiary of Sulzer Turbomachinery Services, achieved the highest rating in the category customer satisfaction.
