October 19¢}7 Filtration Industry Analyst

UNITED DOMINION

ENTERS SECOND JOINT VENTURE

IN INDIA

Flair Corporation, a division of United Dominion Indus- tries Ltd, has announced the establishment of a joint ven- ture with Purif Air and Clean Air, related companies lo- cated in Baroda, India, 250 miles north of Mumbai.

Flair Corporation is the

world' s leading manufacturer of

compressed air filtration and de-

hydration equipmenc The joint

venture, called PuriFlair, will manufacture refrigeration and

desiccant dryers for compressed

air systems for the Indian mar- ket and for export in the

Asia/Pacific region. The new ;'cnture also will

supply dryers and components

for lngersall-Rand' s Indian op- eration, l. lnited Dominion has

invested [:S$1.4 million and will own 76 per cent of the joint

venture. This is the company's

second joint venture in India. The lirst, X,'arun Fl:air Filtration in Jaipur, was formed recently

{ see Filtratton lndusto' Analvst, August 1997).

D(~JRR ANNOUNCES

INTERIM RESULTS

Diirr AG, the paint finishing, industriaA cleaning, environ- mental and automation and conveyor systems group, has achieved record incoming or- ders of DM1421.0 million in the first six months of 1997, up 60 per cent on the previous year's figure of DM886.4 million.

The 1907 figure to date is almost 8(1 per cent of the total orders received m 1996. Half year group salcs increased by 4 per cent to DM627.0 million from DM603.0 million re- corded at the same stage last year. At the end of June 1997,

order backlog stood at DM2328.0 million, 43 per cent above last year's level of DM1623.0 million. At DM17.6 million, earnings before taxes exceeded last year's result of DM16.1 million by 9 per cent.

In the first half of the year, capital expenditure on property, ~lant, and equipment amounted

to DM 12 million. The figure for 1997 as a whole is expected to be DM26 million, up from last lear's figure of DM22 million.

ISCO AND STIP SIGN LETTER OF

INTENT

Isco Inc and STIP Siepmann und Teutscher GmbH (STIP) have signed a non-binding let- ter of intent to effect a busi- ness combination.

The proposal is subject to

due diligence and approval by each company's board of direc- tors. STIP is located in Gmss- Umstadt, Germany and designs and manufactures on line proc- ess control analyzers for bio- chemical oxygen demand, toxicity, chemical oxygen de- mand, total organic carbon, am- monia, nitrate, and phosphate. Its worldwide customer base in- cludes municipal and industrial waste water treatment facilities, STIP' s annual sales are approxi- mately US$4 million and the company has 35 employees.

"STIP would provide lsco

with additional products for its

growing process control and

monitoring business," said Skip Craske, vice president of sales and marketing. "'It is our intent

to introduce STIP's products to

the US market through our well

established sales network, in ad- dition, the central location of

STIP would give Isco the logis-

tics base to enhance its Euro- pean service and distribution

capabilities." Isco manufactures water pol-

lution monitoring equipment and is the leading producer of wastewater samplers and open channel flow measuring de-

vices, lsco also manufactures

chemical separation instru- ments for industrial, environ-

mental and research use.

NEW AIR SEPARATION

PLANT PLANNED FOR DELAWARE

Praxair Inc has sold an air separation plant to Parsons

Process Group Inc, the con- tractor for a new petroleum coke gasification plant at the Star Enterprise refinery in Delaware City, Delaware.

The air separation plant, the

largest built by Praxair in North

America, will produce more

than 2800 tons per day of oxy-

gen and 8000 tons per day of

nitrogen when it begins opera-

tions in July 1999. Praxair is involved in three

other gasification projects. In 1996, Praxair and Texaco

formed a joint venture, T&P Syngas Supply Company, to own and operate a gasification

plant in Texas City, Texas.

Praxair also built the air separa- tion plants for a Texaco gasifi- cation operation in El Dorado,

Kansas and supplied air separa- tion equipment to an API Ener-

gia gasification operation in

Falconara, Italy. Praxair is the

largest industrial gases com- pany in North and South Amer-

ica, and one of the largest

worldwide, with t996 sales of

US$4.4 billion. The company produces, sells and distributes

atmospheric, process and spe- cialty gases, and high-perform-

ance surface coatings. Star Enterprise, with head-

quarters in Houston, is a joint

venture between subsidiaries of

Texaco lnc and Saudi Aramco.

The company refines and mar-

kets Texaco-branded products

in 26 Eastern and Gull Coast

states and Washington DC. Par-

sons Corp is a full-service engi-

neering, procurement and

construction organisation.

DONALDSON'S EUROPEAN

PATENT UPHELD

Donaldson Company Inc has announced that the European Patent ()ffice in Munich, Ger- many, has upheld the com- pany's European Patent (0329659) on its RadiaiSeal® technology.

According to Donaldson, the ruling validated its patent and denied competitors' opposi- tions to the patent. RadialSeal intake filter system technology has been implemented in the first commercially-successful air cleaners made of light- weight, non-corrosive plastic for heavy-duty applications.

"We are very pleased that the European Patent Office ruled in our favour," said William Van Dyke, chairman and chief ex- ecutive officer. "The success of our RadiaISeal intake systems is further evidence of our position as a global leader in filtration technology."

KAYDON ANNOUNCES STOCK SPLIT

Kaydon Corporation has an- nounced a two-for-one stock split for stockholders of re- cord on 7 October 1997.

The express terms of the common stock will not be changed and no taxable gain or loss will occur under Federal in- come tax law by either the cor- poration or holders of common shares upon distribution and re- ceipt of the additional common shares.

This is, the second, two-for- one split that Kaydon has initi- ated with the prior one occurring on 30 April 1992. With approximately 33 000 000 shares outstanding after the split, there should be greater li- quidity available to sharehold- ers and at the lower price, will make shares available in more affordable round lots.

Kaydon stock is traded on

the New 'fork Stock Exchange under the symbol KDN

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