The 2020 Mid-Year Economic Update_long

Day: February 22, 2009

Bunzl Sales Grow 17% In 2008

Global distributor Bunzl plc reported sales for 2008 were £4.18 billion (US$6.04 billion), an increase of 17% over 2007 sales. Profit improved 9.3% to £142.2 million (US$206.7 million).
 
Sales in North America increased 12% due to stronger organic growth and a strengthened American dollar in the second half of the year. Acquisitions drove sales in the U.K. and Ireland up 11%. Sales in continental Europe grew 34%.
 
The Group once again had a successful year in 2008 due to a combination of organic growth, the positive acquisition impact in both new and existing geographies and the benefit of currency translation, Chief Executive Michael Roney said. Bunzl continued to expand its presence in target markets in 2008, including Brazil and ...

Timken Expands Wheel Seals Offerings

The Timken Company, Canton, OH, is expanding its line of wheel seals and installation tools for the heavy-duty truck aftermarket. 
 
The Outrunner line of products complements the company's existing product line and offers a premium wheel seal designed to meet the performance demands of low-maintenance wheel ends.
 
Two designs of this seal are available from Timken, with the design of both variations promoting ease of installation and reduction of friction. Other features include an interlock design that provides enhanced dust- and leak-prohibiting protection, which lengthens bearing uptime and extends maintenance ...