July 2006
NE
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12
Pump Industry Analyst
in the USA, Europe and SouthAfrica.
Monarch will operate as anautonomous business unitwithin the Davey WaterProducts group, focusing oncustomers in the swimmingpool industry and adding aboutA$30 million in annual sales.The current management teamwill remain in place. DaveyWater Products alreadyincludes Davey, Spa-Quip(acquired in 2004) andContamination Control(bought in 2005).
Davey Water Products is amember of GUD HoldingsLtd. “Monarch is highly com-plementary to GUD’s WaterProducts Group. It is a dedicat-ed business focussed on theswimming pool industry andhas built a strong position inthe local market supplying abroad range of products topool builders and pool shops,centered on its own technolo-gy in salt water chlorinators.We believe that Monarch willbenefit from GUD’s expertisein manufacturing, product andtechnology development, sup-ply chain management andmarketing,” said GUD manag-ing director Ian Campbell.“Monarch has a very soundrevenue and earnings trackrecord and has the potential togrow further through rangeexpansion and through capital-ising on Davey’s extensivelocal and international distri-bution networks,” Campbelladded.
WORLD PUMPMARKET TO
REACH US$49 BNBY 2016
The world market for pumpswill grow from just underUS$30 billion this year toUS$49 billion by 2016.
While world GDP willgrow only 4% per year overthe next ten years, the pumpmarket will grow at a rate of5% per year. This is despitegrowth of only 1–2% per year
in some regions and sectorssuch as European basic indus-tries - steel, chemicals, pulpand paper.
These latest forecasts fromthe McIlvaine Co are includedin the continually updatedonline, Pumps: WorldMarkets. McIlvaine bases itsgrowth forecasts on a numberof major drivers including newenergy sources, the urbanisa-tion of Asia and the investmentneeded in water infrastructure.
The scarcity of oil and gasis leading to huge investmentin substitute fuels. McIlvainebelieves that the investment inpumps required for just newtar sands plants in Albertaalone will exceed US$50 mil-lion per year. The syntheticfuels program including coalliquefaction as well as tarsands and oil shale shouldboost pump sales by hundredsof millions of dollars per year.McIlvaine also expects that theuse of LNG to replace conven-tional gas will result in signifi-cant pump investments at theliquefaction sites, on thetankers delivering the liquefiedgas and at the regasificationterminals.
The urbanisation of Asiainvolves the relocation of more than one billion peoplefrom farms to cities. This willcreate a huge need for infra-structure including delivery ofdrinking water and theremoval and treatment ofwastewater. Rapid growth ofthe pump market in Asia willalso be aided by large invest-ments in pulp and paper,chemical, steel and other basicindustries.
According to McIlvaine,the most important factor inthe growth of the pump indus-try will be the increasingdemand for decreasing sup-plies of uncontaminated water.Remediation of contaminatedground water, desalination ofseawater, and other treatmentprocesses will increasingly beneeded to make use of thisfinite resource. Asia has less
available water per capita thanother continents and will alsohave a more rapidly increasingdemand for delivery and treat-ment of that water. Therefore,McIlvaine expects that almosthalf the investment in pumpsfor water-related applicationswill come from Asia.For more information onPumps: World Market visitwww.mcilvainecompany.com/water.html#N019.E-mail: [email protected]: www.mcilvainecompa-ny.com
ITT INDUSTRIESBECOMES ITT
CORPORATION ITT Industries Inc has offi-cially changed its name toITT Corporation (see PumpIndustry Analyst, May 2006).
The name change,approved by shareholders atthe company’s annual meet-ing in May, ties in with ITT’sglobal branding initiativeemphasising a single organi-sational identity centered onthe ITT name and the accom-panying 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,” said SteveLoranger, chairman, presi-dent and chief executive offi-cer of ITT Corporation. “Astronger ITT organisationalbrand better reflects our abil-ity to offer these completesolutions which draw uponthe strengths we have acrossall of our business units. Wealso think a unified ITT glob-al brand plays an importantrole in helping us compete inrecruiting 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.
IDEX EXPANDSNUMBER OFREPORTING SEGMENTS
Idex Corp has increased thenumber of its reporting segments from three to four, in a new structuredesigned to reflect a morefocused market strategyaligned with emerging cus-tomer needs.
Effective with the report-ing of its financial results for the three months ending 30 June 2006, Idex’s segmentswill now be disclosed as Fluid & Metering Technol-ogies; Health & ScienceTechnologies; DispensingEquipment; and Fire & Safety/Diversified Products.
“The new business struc-ture reflects a more focusedmarket strategy across all busi-nesses and provides a strongplatform to support our futuregrowth,” said Larry Kingsley,Idex chairman and chief exec-utive officer. “Through thisnew structure, we will be better positioned to addressemerging customer needs inindustrial fluid and meteringtechnologies, health and sci-ence instrumentation andequipment, dispensing, andfire and safety. The addition of a fourth segment reflects our evolving capability andcontent for applied health andscience technologies.”
Under the new structure,the Fluid & MeteringTechnologies segment willconsist of Liquid Controls,Pulsafeeder, Viking, WarrenRupp and Versa-Matic.
The Health & ScienceTechnologies segment willnow include Gast Manu-facturing, Micropump,Rheodyne, Scivex and the
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