The 2020 Mid-Year Economic Update_long

Day: November 9, 2007

Air Liquide Expands Capacity in Germany

Air Liquide Deutschland GmbH set up one of the largest units in Germany for the liquefaction of gases (nitrogen, oxygen and argon) in the Ulm region.
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With this investment of nearly & euro; 60 million, the Air Liquide Group is reinforcing its supply network for industrial gases.
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The Group also hopes to meet the needs of customers in Germany, particularly in automobile construction, mechanical construction, electrical engineering, food processing, as well as in technological development.

The start-up of the unit is scheduled for the end of 2009.

Air Liquide in Germany has around 2,000 employees and serves 300,000 customers. With a sales volume of & euro; 940 million (2006), Air Liquide is the second largest provider of industrial ...

Alfa Laval to Buy Finnish Supplier

Alfa Laval -supplier in heat transfer, centrifugal separation and fluid handling -has agreed to acquire the Finnish company Fincoil-teollisuus Oy from Carrier Corp., a subsidiary of United Technologies Corp. Alfa Laval will pay SEK 425 million in cash (US$67 million).

The company manufactures and markets products for industrial cooling applications. Fincoil has a turnover of SEK 375 million and 150 employees.

Fincoil is established in the Nordic countries, the Baltic countries and Russia. About 80% of its sales are exported. Fincoil has one manufacturing site outside Helsinki in Finland.

The acquisition of Fincoil is in line with Alfa Laval's strategy to expand the presence in the European air heat exchanger market, which we estimate has a size of ...

Womack Machine Supply Buys Interstate Hydraulics

Double Rocker Holdings, Inc., parent company of Womack Machine Supply Company, has acquired Salt Lake City, UT-based Interstate Hydraulics, Inc.
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This is a great moment for Womack Machine Supply as we continue our diversification and growth into new markets and adjacent states." said Mike Rowlett, CEO of Womack Machine Supply.
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Interstate Hydraulics distributes many of the same product lines as Womack (BRH, BRP, BRC, Hydac, Auburn Gear, Haldex Barnes, and Thermal Transfer) and operates a hydraulic repair center in Salt Lake City. The industries they serve include metals, mining, motor vehicle parts, material handling, farm machinery, construction machinery, oil & gas equipment, logging and general manufacturing.
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The addition of IHI allows ...