Air Filtration Market News for March 09
Here are the headlines for the month of March 09 to the Air Filtration & Purification Markets Updates. For more information to Air Filtration & Purification Markets, click on: http://www.mcilvainecompany.com/brochures/air.html#n022 .
Many projects, mergers and acquisitions are detailed in monthly updates in the Market Reports Chapters under Industry Analysis: Aerospace, Food, Disk Drive, Flat Panel, Metalworking, Other Electronics, Pharmaceutical, Power, Pulp Mills, Semiconductor and Transportation.
Housing Starts Rebound In February
Housing starts unexpectedly increased in the month of February, according to a report released by the Commerce Department. The report showed that housing starts rose 22 percent to an annual rate of 583,000 in February from a revised January estimate of 477,000
Building permits, an indicator of future housing demand, rose 3.0 percent overall to an annual rate of 547,000 in February from the revised January rate of 531,000
Canadian Housing Starts Down In February
Canada's annual rate of housing starts declined to 134,600 units in February from 153,500 units in January, the Canada Mortgage and Housing Corp. said recently .
The national housing agency said new home construction is "slowing to more sustainable levels" and starts are forecast to come in at 160,250 units for the full year.
The housing market in Australia has prospects for recovery in the next fiscal year of 2009-10, helped by the substantial stimulus package and large interest rate reduction, the Housing Industry Association (HIA) said recently
Lydall Announces 4Q and Year End Financial Results
Lydall, Inc. (NYSE: LDL) recently announced financial results for the fourth quarter and year ended December 31, 2008. Net sales for the fourth quarter ended December 31, 2008 were $60.8 million compared with $81.5 million for the same period in 2007. Net sales for the year ended December 31, 2008 were $305.7 million compared with $320.9 million for 2007
Lydall's 2008 financial results were impacted by significant global, regional and industry economic downturns, particularly in the automotive industry.
Pall Corporation Reports Second Quarter and First Half Results
Pall Corporation (NYSE:PLL) reported sales and earnings for the second quarter and six months ended January 31, 2009.
Sales for the six months were $1.1 billion, a decrease of 5.5 percent from a year earlier. Net earnings were $82 million, compared to $84.1 million in the period last year.
Second quarter sales were $543.3 million compared to $625.7 million in the second quarter of fiscal 2008 .
Donaldson Q2 Profit Down Slightly; Cuts 2009 Outlook
Donaldson Co Inc (DCI.N) posted a marginal drop in second-quarter profit, and cut its 2009 forecast citing weak demand across its end markets.
Net income was $33.8 million, compared to $34.1 million last year. Sales were $460.6 million, down from $511.8 million in the second quarter of FY08.
The company, which has cut 1,850 jobs since the beginning of the fiscal year .
FY09 Outlook
The company, whose largest customer is Caterpillar Inc (CAT.N), sees 2009 earnings of $1.70 to $1.90 a share on revenue of $1.9 to $2 billion, down 10 to 15 percent for the year.
Engine
Products: Donaldson now forecasts full year sales to decrease 11 to 16
percent
..
Fiberweb Reports 2008 Revenue Up
Fiberweb has described 2008 as a solid year, reporting sales at approximately $731.3 million (£512.8 million), up 8 percent from 2007 revenues of $675.4 million ((£473.6 million).
Key factors in this success included good progress in its turnaround program, stable sales in hygiene, and growth in industrial. Profits increased from £13.6 million to £13.8 million ..
Freudenberg Opens Adsorptive Nonwovens Plant
Freudenberg Nonwovens has officially started a new production facility for adsorptive products in Littleborough, UK. With an investment of more than 2 million in the latest activated carbon technology, Freudenberg Nonwovens plans to expand the adsorptive business into other applications and regions
Big Island Carbon Plant Construction to Start
A Big Island technology startup plans to begin construction this month on a manufacturing plant that will turn macadamia nut shells into premium grade, granular activated carbon, Pacific Business News reports ..
Munktell Filter AB Selects Raleigh, NC for Expansion
Ken Atkins, executive director for Wake County Economic Development (WCED), has announced that Munktell Filter AB, a Swedish-based paper filtration company, has opened its first North American sales and distribution office in Raleigh, NC .
DelStar Developes Biodegradable Media
DelStar Technologies has developed a unique DelPore meltblown media that is biodegradable and compostable. Designed specifically for the air filtration industry, this product is manufactured from PLA (polylactide). Its efficiency has been enhanced by successful electrostatic charging.
DelStar has developed the new DelPore media for short-term disposable air filtration applications, including medical face masks, respirators, vacuum bags and furnace filters .
Elmarco Industrial Nanofiber Production Equipment
Elmarco introduces its industrial nanofiber production equipment. Nanospider(TM), Elmarco's proprietary technology, allows filtration companies to bring the benefits of nanofibers into their products in the most cost-effective manner .
Bob McIlvaine
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