ITT Industries becomes ITT Corporation

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PENTAIREXPANDS IN CHINA

THROUGH JVPentair is to acquire 70% of the equity of BeijingJieming Tiandi Environ-mental Equipment Co Ltd,a Chinese manufacturer offiberglass-reinforced plasticpressure tanks, disc filters,valve and systems used inwater filtration, softeningand systems applications.

The transaction to createthe joint venture Beijing Pen-tair Water Jieming Co is sub-ject to government approvaland is expected to close in thethird quarter of 2006.

“Through this transac-tion, Pentair Water gainsgreater local market knowl-edge and engineering capa-bilities for commercial andindustrial systems integrationinitiatives in China, and sig-nificantly expands its accessto an effective distributionnetwork of more than 150engineering product compa-nies,” said Richard Cathcart,Pentair vice chairman. “Fur-ther, we will secure newproducts including disk filtra-tion systems and low-costmechanical valves and tankstailored to the systems inte-gration segment and toChina’s local market needs.”

The joint venture willinclude sales offices in Yix-ing, Shanghai, Jinan, Guang-dong (Dongguan) and Xi’an.

ITT INDUSTRIESBECOMES ITT

CORPORATION ITT Industries Inc has offi-cially changed its name toITT Corporation (see Fil-tration Industry Analyst,June 2006).

The name change,approved by shareholders atthe company’s annual meet-ing in May, ties in with ITT’s global branding initia-tive emphasising a single

organisational identity cen-tered on the ITT name and theaccompanying theme line,“Engineered for Life.” Thecompany’s stock ticker sym-bol remains “ITT,” which ithas used since September2000.

“In the global market-place, we find that our cus-tomers are becoming moreinterested in companies thatoffer total solutions, ratherthan those that simply supplycomponents,” says Steve Lor-anger, chairman, presidentand chief executive officer ofITT Corporation. “A strongerITT organisational brand better reflects our ability tooffer these complete solu-tions which draw upon thestrengths we have across allof our business units. We alsothink a unified ITT globalbrand plays an important role in helping us compete in recruiting and retaining thebest talent around the world.”

ITT Industries begantrading as an independentcompany in December 1995following the separation ofthe old ITT Corporation intothree distinct companies.

WHATMAN H1 SALES

UP 8% In a trading update for thesix months ended 30 June2006, separations supplierWhatman plc reports an8% increase in revenuescompared with the sameperiod in 2005, excludingthe effect of exchange rates.

Sales were driven bystrong demand from What-man’s major LabSciencesdistributors and a good per-formance from the Bio-Science business, notablyFTA (forensics) in Europe.Whatman says that customerservice levels have beenmaintained and that the finalround of plant consolidationsis nearing completion.

“Overall, this has been asatisfactory first half perfor-mance, consolidating thestrong start to the year. We are on track to achieve the6–8% revenue growth targetsset out at the start of theyear,” said Bob Thian, chair-man of Whatman.

Whatman will announceits interim results on 11 Sep-tember 2006.

SIEMENS,MEKOROT TO

DEVELOP NEWTECHNOLOGY

Siemens and Mekorot,Israel’s national water com-pany, have agreed to jointlydevelop water treatmenttechnologies to address cur-rent water shortage issues,including the supply of high-quality water in aridregions.

Mekorot has annual salesof US$500 million and sup-plies 1.3 billion m3 of waterper year. This accounts for90% of the drinking water in Israel and 70% of all the water supply in the country.

The strategic partnershipwill develop and market globally technologies specifi-cally for wastewater treat-ment and reuse, desalination,and water treatment security techniques and solutions.Siemens says that it will also use Mekorot as a beta site for new technology,partial funding of research and development and expo-sure to new technology development under Israel’swater technology incubatorprogramme.

According to the compa-ny, Israel provides a unique testing location because of its diverse landscape and water applications-brackishto seawater to surface water.“Water is an extremely pre-cious commodity in Israel. The landscape there providesthe perfect environment for

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Filtration Industry Analyst July 2006

Filtration Company Index

Absolent 8Aerospace Filtration Systems 6,7Ahlstrom 14,15Alfa Laval 14,15Andritz 14Asahi Kasei 15BBA 8Beijing Jieming Tiandi 2Beijing Pentair Water Jieming 2BWT 14Ceco Environmental 15Clarcor 1,4,11,15Clarcor Air Filtration Products 1Crane 15Crown Andersen 15Cummins 15Davey Water Products 3,4Donaldson 4,15Dow Chemical 1,14Duall 9Du Pont 15Eaton 4,15Eimco Water Technologies 3,7Emergency Filtration 5,6,8Entegris 15Enviroquip 3Esco Technologies 15Fedders 15Flanders 15Flex-Kleen 7,9Gamma Holding 11GE 15,16GEA 14,15GL&V 3,7,12,15GUD 4,14H20 Innovation 2000 15Hayward Filtration 4Hollingsworth & Vose 5Hyflux 15Inge 7ITT 2,8,15Koch Membrane Systems 6,7KSB 14Larox 7,14,15Lydall 3,8,153M 15Mann+Hummel 16Met-Pro 7,9,15Metso 8,14MFRI 12,15Midwesco Filter 12Millipore 14,15Monarch Pool Systems 3,4Niro 14Nitto Denko 15Onex Environmental 1Pall 13,15Parker Hannifin 4,14,15Peerless 8,15Pentair 2,15Porvair 15Pristine Water Solutions 9Rosedale Products 14Ryco 4Sartorius 13,14,15Seychelle EnvironmentalTechnologies 4,5Siemens 2,7,14,15SPX 8SPX Air Treatment 3SPX Dehydration & Process Filtration 3Strobic Air 9Toray 15UltraStrip 6Vaperma 4Water Chef 15Watts Water 15Weir 10,14Whatman 2,14,15X-Flow 7