Air Filtration Market News For September 08
Here are excerpts for the month of Sept.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 6.2 Percent in August
Nationwide housing starts declined 6.2 percent in August according to figures released by the U.S. Commerce Department .
Canadian Housing Starts Rise in August
Canada Mortgage and Housing Corporation said recently the seasonally adjusted annual rate of housing starts moved up to 211,000 units in August, from 186,500 units in July.
Multi-unit starts, essentially condos, were up 9.3 per cent year over year
FINANCIALS
Clarcor Third Quarter Earnings
Clarcor recently reported third quarter 2008 net sales increased by 16% and operating profit increased by 18% compared to the same quarter in 2007
Sales for Perry Equipment Corporation (Peco), which Clarcor acquired in December 2007, were just over $30 million and operating profit was nearly $4 million ...
Donaldson 4th Quarter, Annual Earnings, 2009 Outlook
Donaldson Company, Inc. (NYSE: DCI) announced fourth quarter net income was $48.6 million, up 12 percent from $43.3 million last year ...
For the year, net income increased 14 percent to $172.0 million ..
Donaldsons Fiscal 2009 Outlook includes Engine Products 10 to 12 percent full year sales growth.
COMPANY NEWS
Freudenberg to Close Staple Production in Durham
Freudenberg Nonwovens will permanently close its staple fiber production lines at its Durham, NC in North America at the end of March 2009
Flanders to Move Corporate Offices
In a move to cut overhead, Flanders Corp. said it would relocate corporate functions to Washington, N.C
Flanders Intends Overseas Expansion
Flanders Corp. intends to expand overseas, a strategy the air filter manufacturer considers integral to its returning focus on its core business. The company is exploring options in Europe and Southeast Asia ..
NEW PRODUCTS
Universal Air Filter Offers One-Piece, Quick-Mount Assembly Unit
Universal Air Filter's expanding, one-piece assembly unit, which includes a filter, mounting bracket, fan guard and air flow plenum, allows design engineers or end-users to install the air filter media quickly without complex installation kits and procedures
Finetex Technology and Awa Paper Jointly Develop Nano Filter
Awa Paper Co., Ltd, a manufacturer of various specialty paper products in Tokushima, Japan, announced that they have jointly developed a new filter media with Finetex Technology Global Limited from Hong Kong. The new filter media is coated with Finetex Technologys nano fiber web on its surface for automobile engine and gas turbine application ...
Bob McIlvaine
847-784-0012
rmcilvaine@mcilvainecompany.com