TERMOKIMIK CORPORATION

Termokimik Corporation was established in 1938 and has since specialized in the design, manufacture and supply of a wide range of industrial process and plants on a turnkey basis. As an engineering and contracting firm Termokimik enjoys a very high standing and reputation with the major Italian and International industries and utilities. The company employs some 300 people including research staff, process, system and project engineers, hardware specialist and erection/commissioning engineers. The corporate headquarters, located in Milan Italy, occupy an area of 9000 m². The manufacturing and shop facilities located in Cologno Monzese extend over an area of 10,000 m². The main activities of the company are developed by three independent divisions

Metinvest to Upgrade Environmental Controls at Ukrainian Sinter Plant

Metinvest Group signed a contract with Italy’s Termokimik Corp., a leading producer of environmental equipment for industrial companies, to develop the basic engineering upgrade the sinter plant at Ilyich Iron & Steel Works of Mariupol (MMKI). Total investments in the project will amount to about $220 million. This is the largest environmental project in the history of independent Ukraine. The reconstruction of the sinter plant will allow the enterprise to achieve international environmental standards in terms of emissions of dust and sulfur oxide.

The project to reconstruct the gas-cleaning system at MMKI’s sinter plant includes the replacement of existing equipment with state-of-the-art equipment to clean gas from dust to the maximum possible degree. Plants for cleaning sinter gas from sulfur dioxide will also be built at the enterprise. The first phase of the project involves basic engineering and design, with manufacturing and installation of the equipment to begin in 2015.

The completion of all of the reconstruction phases is scheduled for 2020. As the project continues, the sinter plant will reach best international environmental standards for emissions treatment. Namely, emissions of dust and sulfur oxide from the sintering zone will decrease by 85 percent and 30 percent, respectively, and emissions of dust from the cooling zone will decline by 90 percent.

Ilyrich Iron and Steel Works of Mariupol produces pipes and flat-rolled products of carbon, low-alloy and alloy steels for different applications:  hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others; thick-walled pipes including for oil pipe lines; water- and gas-supply welded thin-walled pipes of circular section and structural pipes of rectangular section; flasks for different compressed gases, including automobile and others.

MEGTEC Systems, Inc. Acquires TurboSonic Technologies, Inc.

MEGTEC Systems, Inc. (MEGTEC) is pleased to announce the acquisition of TurboSonic Technologies, Inc., effective immediately. The acquisition will include all of TurboSonic’s current products: wet electrostatic precipitator (WESP) systems, semi-dry and wet scrubbers, Catalytic Gas Treatment (CGT)^™ systems, evaporative gas cooling systems, DeNOx systems and related parts and services. TurboSonic will join the MEGTEC family as MEGTEC TurboSonic Technologies, Inc., and operate as a wholly-owned subsidiary of MEGTEC Systems, Inc., and as a separate business unit within MEGTEC’s Environment, Climate and Energy (ECE) Group. The TurboSonic acquisition adds complementary product offerings to MEGTEC’s environmental portfolio and process expertise in key industries.

Commenting on the transaction, Mohit Uberoi, President and CEO of MEGTEC Systems, said, “The acquisition adds substantially to MEGTEC’s ECE business by bringing the highly-regarded TurboSonic name and line of equipment under the MEGTEC umbrella. The new technologies broaden MEGTEC’s environmental solution competencies from abatement and energy recovery, to include particulate and acid gas control and provide an opportunity for MEGTEC to supply its customers with packaged solutions including both particulate and volatile organic compound (VOC) control.”

This transaction brings together two market-leading companies serving common end markets and will offer a broader range of products and services to its expanded customer base.

Edward Spink, CEO of TurboSonic, stated, “The acquisition will provide greater market exposure for TurboSonic’s technologies and leverage MEGTEC’s capabilities to offer complete solutions to customers worldwide.”

CECO Environmental Reports Third Quarter and Nine Months 2013 Results (Does not include most of Met Pro)

CECO Environmental Corp., a leading global environmental technology company focused on critical solutions in the product recovery, air pollution control, fluid handling and filtration industries, reported its financial results for the 3^rd quarter and nine months ended September 30, 2013. Results include the operations of Met-Pro Corp. (“Met-Pro”) from the date of its acquisition on August 27, 2013.

Total revenue in the 3^rd quarter of 2013 was $49.8 million, up 50.4 percent from total revenue of $33.1 million in the prior-year’s 3^rd quarter. Recent acquisitions contributed $16.8 million of revenue in the quarter, including Met-Pro, which contributed $7.3 million for the period from August 27 to September 30. The company reported a net loss of $1.5 million, or $0.07 per diluted share, in the 3^rd quarter, compared with net income of $3.3 million, or $0.19 per diluted share, for the prior-year’s 3^rd quarter.

Net loss was $1.5 million in 2013 as compared with net income of $3.3 million in 2012. Excluding acquisition and integration expenses, amortization and earn out expenses, inventory and plant, property and equipment valuation adjustments attributable to the Met-Pro acquisition and legal reserves, non-GAAP net income increased 48.5 percent to $4.9 million.

Net loss per diluted share was $0.07 in 2013 as compared with net income per diluted share of $0.19 in 2012; Non-GAAP net income per diluted share, adjusted as noted above, increased 26.3 percent to $0.24.

Bookings were $48.0 million in the 3^rd quarter of 2013, compared with $41.8 million in 2012, an increase of 14.8 percent.

Revenue for the nine-month period ended September 30, 2013 was $128.6 million, up 27.7 percent, or $27.9 million over the prior-year period. Acquisitions contributed $30.4 million in revenue for the first nine months of 2013.

Net income for the first nine months of 2013 was $3.8 million as compared with $7.8 million for the first nine months of the prior year. Excluding acquisition and integration expenses, amortization and earn-out expenses, inventory and plant, property and equipment valuation adjustments attributable to the Met-Pro acquisition and legal reserves, non-GAAP net income increased 70.0 percent to $13.6 million as compared with $8.0 million for the first nine months of 2012.

Net income per diluted share was $0.20 in 2013 as compared with $0.47 in 2012; non-GAAP diluted net income per share increased 53.2 percent to $0.72.

Total backlog at September 30, 2013 was $100.4 million up from $77.90 million on June 30, 2013, and $67.6 million on September 30, 2012. Acquisitions contributed approximately $37.1 million to the backlog on a year-over-year basis.

Bookings in the 3^rd quarter of 2013 were $48.0 million, up from $41.8 million in the prior-year period. Bookings were $132.4 million for the nine months ended September 40, 2013 compared with $113.4 million in 2012.

Nederman Signs Agreements to Supply Emission Controls with the Zhongwang Aluminium Group, China

Nederman has signed agreements to supply the Zhongwang Aluminium Group with complete solutions for filtrating fumes from the aluminium smelting furnaces to be installed at their new plant in northern China. The agreements cover several installations and are worth totally around SEK 50 million. The first sub-order worth around SEK 20 million has been received.

The Zhongwang Aluminium Group is one of the largest enterprises for supplying aluminum profiles in the world. The order includes the design and complete turnkey supply of Nederman filters and coolers, engineered and produced by the Nederman factory in Suzhou, China, as well as project management by the Chinese organization.

“This order confirms the strength of our Chinese organization and our competitiveness with solutions for creating eco-efficient production. We will continue to expand our business in China and we are proud of the confidence that the Zhongwang Aluminium Group has in us,” says Sven Kristensson, CEO of Nederman.

The remaining sub-orders in the agreement are expected to be placed during 2014. Installation is planned to take place from May 2014 to March 2015.

Hamon Reports Record Booking and Backlog

Backlog well above one year of revenues:

        Record new orders at €432.6 million (6 months)

        Historical high backlog close to €800 million.

EBITDA at €10.0 million. Profit before tax of €1.2 million but Net result at €1.3 million (Group Share).

        Sales growth + 16 percent compared to the first half of 2012 but still lower than our expectations.

        Cost of the Group growth activities (i.e., mostly Dry Cooling and APC outside NAFTA) still impacting the Group’s profitability, but to a much lower extent than last year (EBITDA of €2.8 million compared to €-7.5 million in the first half of 2012)

        High tax rates in some countries combined with a lack of global tax consolidation lead to an excessive tax burden causing a net loss of €-1.6 million.

Continuous buildup for the future

       Systematic R&D and technical developments to offer customers more competitive products and to keep the technical hedge against Hamon’s competitors

        Strong and continuous commercial investments, especially in the highly-competitive but very promising Asian markets

        ReACT™ technology accepted in the U.S. market with a first mega order booked

Interim dividend

        No interim dividend in September 2013; final dividend will be decided by AGM in April 2014. Hamon confirms its dividend policy of making payouts between 33 percent and 50 percent of the full year 2013 net result.

CEF Joins Filtration Group Corporation

Effective May 3, 2013 Clear Edge was acquired by Filtration Group Corp., a Chicago-based filtration company owned by Madison Capital Partners. Filtration Group, a collection of over 10 specialized growing filtration companies, will have revenues in excess of $700 million including Clear Edge. Clear Edge will be part of the Liquid Process Division within Filtration Group which also includes Global Filter and Jonell, both specialized industrial process filtration companies.

Clear Edge will continue to be headquartered in Tulsa, OK and operate throughout the world focused on mining and minerals, chemical processing, wastewater treatment and bulk food and beverage markets among other specialized markets and applications. Rick Von Drehle, Clear Edge CEO, commented, “We look forward to the future as part of Filtration Group. This certainly positions Clear Edge to continue to grow within its existing markets and with new products and into new geographic regions

WEIS INDUSTRIES Filtration Solutions GmbH Unites the Expertise and Products of BETH Filtration GmbH and LTG AEROB Filtration Solutions GmbH in Renningen

Based in Lübeck, WEIS INDUSTRIES Filtration Solutions GmbH offers an extensive and sophisticated range of products for all industrial sectors. With its well-known, trusted brands of BETH^® and LTG AEROB^®, the company is a globally-operating specialist for collecting and separating particles/substances and reducing emissions. In both technical and business matters, the familiar contact persons will continue to be there for the customer.

ANDRITZ Acquires Allied Environmental Solutions, USA

ANDRITZ has acquired Allied Environmental Solutions, Inc. (AES), with headquarters in Columbia, MD. It was agreed not to disclose the purchase price. AES — now ANDRITZ Environmental Solutions — a leading supplier of air quality control systems for utilities and various power generating industries (e.g., fossil-fired power stations) in the U.S. ANDRITZ Environmental Solutions offers a comprehensive product and service range of flue gas cleaning technologies, including Circulating Fluid Bed (CFB) scrubbers, fabric filters, wet and dry electrostatic precipitators, and Selective Catalytic Reduction (SCR) systems. With this acquisition, ANDRITZ Energy & Environment (AE&E) is strengthening its flue gas cleaning portfolio and has entered the U.S. market. 

Calgon Carbon Reports Net Sales up 9.7 Percent

Calgon Carbon Corp. reported results for the 2^nd quarter ended June 30, 2012.

The company reported net sales of $148.4 million for the 2^nd quarter of 2012, a $13.1-million, or 9.7 percent increase over the 2^nd quarter of 2011. Currency exchange had a $3.1-million negative effect on sales for the 2^nd quarter of 2012 due to the stronger dollar.

Net income for the 2^nd quarter of 2012 was $10.9 million versus $11.3 million for the comparable period of 2011. Net income for the 2^nd quarter of 2011 included a $1.3-million reduction in the estimate to complete a remediation project at one of the company’s production facilities. On a fully-diluted basis, net income per common share for the 2^nd quarter of 2012 was $0.19 as compared to $0.20 for the 2^nd quarter of 2011.

For the 2^nd quarter of 2012, sales for the Activated Carbon and Service segment increased 4.0 percent as compared to the 2^nd quarter of 2011.The increase was primarily due to higher demand for certain activated carbon and service products in the potable water market and higher pricing on activated carbon products for the metals recover market.

Equipment sales for the 2^nd quarter of 2012 increased 70.3 percent versus the comparable period in 2011, primarily due to higher revenue recognition from ballast water treatment systems. For the 2^nd quarter of 2012, Consumer sales were comparable to the 2^nd quarter of 2011.

Calgon Carbon’s board of directors did not declare a quarterly dividend.

Randy Dearth, Calgon Carbon’s President and Chief Executive Officer, commented on the results, “Calgon Carbon is a company with strong fundamentals and unprecedented opportunities as a provider of environmental solutions. Several factors, including the global economic slowdown, rising raw material and maintenance costs, and delays in implementation of environmental regulations, have created a challenging business environment for the company. In response, Calgon Carbon’s management has initiated a program which, I believe, will result in annual cost savings in excess of $10 million.”