July 31, 2007

EnPro Buys Compressor Products International

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, Power Transmission/Motion Control/Fluid Power, News, Subscriber Only / MDM Staff

EnPro Industries Inc., Charlotte, NC, manufacturer of engineered industrial products, has acquired Compressor Products International, a privately-held company that designs, manufactures and services sealing components for reciprocating compressors.
&nbsp ;
CPI, Hungerford, Berkshire, England, manufactures critical sealing components for reciprocating compressors and related equipment for both compressor manufacturers and for the oil, gas and petrochemical industries.
&nbsp ;
It will be combined with EnPro's France Compressor Products business to create the world's largest manufacturer of reciprocating compressor sealing components.
&nbsp ;
This acquisition is a very positive step for FCP and CPI, as well as for EnPro," said Ernie Schaub, EnPro president and chief ...

EnPro Buys Compressor Products International Read More »

Timken Sales Grow 3% in First Half

Leave a Comment / Free, Top Distributor Sectors, Power Transmission/Motion Control/Fluid Power, News, Subscriber Only / MDM Staff

The Timken Company, Canton, OH, reported sales of $1.35 billion in the second quarter of 2007, an increase of 4% over the same period a year ago. Strong sales in industrial markets were partially offset by the divestment of the company's automotive steering and European steel operations.
&nbsp ;
During the quarter, the company:

Completed the first major U.S. implementation of Project O.N.E., a program designed to improve business processes and systems;

Made further progress on key additions to Industrial Group capacity in Asia and North America;

Advanced its restructuring initiatives within its Automotive and Industrial Groups; and

Completed the closure ...

Timken Sales Grow 3% in First Half Read More »

Air Liquide Expands in Serbia

Leave a Comment / Free, Gases & Welding Equipment, Top Distributor Sectors, News, Subscriber Only / MDM Staff

Global industrial gases company Air Liquide has increased its presence in Southeastern Europe by creating a subsidiary in Serbia.
&nbsp ;
Over the past three years, Serbia has been one of Europe's fastest growing economies with an average annual GDP growth of 7.3%. It is the most industrialized country in ex-Yugoslavia. Its major growth drivers are telecommunications, construction and transport, with a recent upswing of industrial production. Its strategic position allows good access to transportation corridors between Western and South-Eastern Europe and Turkey.

The move is part of Air Liquide's goal to establish a stronger presence in the region. Since the end of last year, Air Liquide has operated an Air Separation Unit in Romania and is supplying cylinder and ...

Air Liquide Expands in Serbia Read More »

Construction Spending Down Slightly in June

Leave a Comment / Economic Trends, Research & Analytics, Free, Top Distributor Sectors, Building Materials/Construction, News, Subscriber Only / MDM Staff

Construction spending in June 2007 was estimated at a seasonally adjusted annual rate of $1,175.4 billion, 0.3% below the revised May estimate of $1,178.4 billion. The June figure is 2.4% below the June 2006 estimate of $1,204.0 billion.
&nbsp ;
During the first six months of the year, construction spending amounted to $550 billion, 3.5% below the $570.1 billion for the same period in 2006.
&nbsp ;
Spending on private construction was at a seasonally adjusted annual rate of $890.9 billion, 0.3% below the revised May estimate. Residential construction was at a seasonally adjusted annual rate of $544.4 billion in June, 0.7% below the revised May estimate of $548.3 billion. Nonresidential construction was at a rate of $346.6 billion in June, 0.3% above the revised May ...

Construction Spending Down Slightly in June Read More »

July 31, 2007

EnPro Buys Compressor Products International

Timken Sales Grow 3% in First Half

Air Liquide Expands in Serbia

Construction Spending Down Slightly in June

Register for full access

Learn More about Custom Reports

Request a Market Prospector Demo

Get the MDM Update Newsletter