Subject: Air Filtration Market News For June 08
Here are excerpts for the month of June 08 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.
CONSTRUCTION
U.S. Housing Starts Decline 3.3 percent In May
The U.S. Commerce Department reported that new-home starts declined 3.3 percent to a seasonally adjusted annual rate of 975,000 units in May. This was the lowest total starts number since March of 1991. Single-family starts declined 1.0 percent ..
Canadian Housing Starts up 3.5 percent in May
Canada Mortgage and Housing Corp. said recently the seasonally adjusted annual rate of housing starts rose 3.5 per cent to 221,300 units in May from 213,900 in April. Permits, an indicator of future construction, jumped 13.4 percent .
UK Housing Starts Set to Hit Lowest Since World War II
Housing starts in the UK will this year fall to their lowest level since the end of the Second World War as the industry is hit by a severe downturn, experts have warned. The Construction Products Association, whose forecasts are watched by the Government, said that the Prime Minister's own housing targets for 240,000 new homes a year in England alone by 2016 were now at risk
Australia Q1 Housing Construction Starts Down 3.3 percent
Construction started on 3.3 percent fewer housing units in Australia for the first three months of 2008 than for the preceding quarter, according to data published recently by the Australian Bureau of Statistics .
FINANCIALS
MFRI, Inc. (NASDAQ NM:MFRI) reported for the quarter ended April 30, 2008, net sales were $65,981,000, up 15.8 percent from $56,954,000 in the corresponding quarter of the prior year. Net income for the three months ended April 30, 2008 was $423,000 .
Clarcor Inc. (NYSE: CLC) reported that second quarter 2008 net earnings increased by 18 percent and diluted earnings per share increased by 17 percent compared to the same quarter in 2007 .
UVC, Turbine Cooling Included in New ASHRAE Handbook
New chapters related to ultraviolet lamp systems and combustion turbine inlet cooling are featured in ASHRAEs new 2008 Handbook Volume .
COMPANY NEWS
Strionair, United Security Partner to Offer LEED Certified Air Purification
StrionAir, a manufacturer of air purification technology that captures and kills airborne pathogens, and United Security Incorporated (USI), a provider of Contract Security Services in the Northeast, recently announced their strategic partnership ..
SPX Agrees to Sell Air Filtration Unit
SPX Corp., which makes pumps, power systems and other industrial equipment, said recently it agreed to sell its air filtration business
Lydall Performance Materials Announces Energy Surcharge
Lydall Performance Materials announced the implementation of an energy surcharge effective on all shipments after July 1, 2008 ..
Biax, Dan-Web Launch Joint Development Agreement
Biax-Fiberfilm and Dan-Web Forming Intl. A/S have signed an agreement to develop new technology combining meltblowing with airforming of woodpulp fibers .
NEW PRODUCTS
UAF Launches New Air Filter Technology
Universal Air Filter recently announced it will begin producing its 80 PPI Quadrafoam media with a UL 94 HF-1 rating, a high porosity media to meet the preferred self-extinguishing flame safety standards .
Cornell Receives Grants to Create Fabrics of Functional Nanofibers
Cornell fiber scientist Juan Hinestroza is working with the U.S. government to create fabrics made of functional nanofibers that would decompose toxic industrial chemicals into harmless byproducts. Potential applications include safety gear for U.S. soldiers and filtration systems for buildings and vehicles .
Bob McIlvaine
847-784-0012
rmcilvaine@mcilvainecompany.com