IN FOCUS

For already a number of years, the trade fair Pumps & Valves has become known as the prime industry-platform for pumps, (control)valves, and service provision in the process environment. The premier online pump magazine www.tacdesigninc.com is a mediapartner of this event.

Rayflow Developments’s Flowmizer system has made installation engineers seriously reconsider how central heating systems are constructed and installed. At the heart of the innovative design is Wilo Salmson’s circulator technology.

The long-running PSA 2002 show series presents the most timely and comprehensive gathering of the leading industry players to meet with their targeted trade visitors.

Consolidated order intake by the Sulzer Corporation for the first half of 2002 totalled CHF 1039 million (–3% compared with prior year, +2% adjusted for acquisitions, divestitures and currency effects). Order intake by the core divisions matched the prior mid-year level at CHF 1013 million (adjusted: +3%). This slow development is attributable to the ongoing insecurity in many market areas, a situation which Sulzer does not expect to change significantly before year-end. Order intake for 2002 as a whole is therefore likely to match the prior year level.

IDEX Corporation (NYSE: IEX)reported that orders, sales and earnings for the three months ended June 30, 2002, improved from first quarter levels but were lower than the second quarter last year. Diluted earnings per share for the quarter were 48 cents.

The Pumps & Systems Asia is one of the largest and most important exhibitions of pumps and related products in the world. IMPELLER.NET – the premier online pump magazine – was been there and will inform you about all exhibiting highlights.

The poor health of the capital goods and semiconductor industries worsened further during the first half of the year. As a result, sales at the Georg Fischer Corporation were 15 % lower (11 % when adjusted for exchange rates) than the year-back period, at CHF 1 732 million.

Dennis K. Williams, chairman, president and chief executive officer of IDEX Corporation (NYSE: IEX), and James C. Noonan, president and chief executive officer of Rheodyne, L.P., today announced that IDEX Corporation entered into a definitive agreement to acquire Rheodyne, L.P. Rheodyne becomes IDEX’s 12th stand-alone business and will be operated as part of its Pump Products Group. The transaction, subject to certain conditions, is expected to close within the next two weeks. Terms of this cash transaction were not disclosed.

IDEX Corporation announced that George J. Noa, Jr., has been named president of its Knight business unit. Noa, 51, succeeds Paul M. Beldham, who recently was appointed president of IDEX’s Pulsafeeder business headquartered in Rochester, New York. In his new position, Noa will report to Beldham.

IDEX Corporation announced that Paul M. Beldham has been named president of its Pulsafeeder business unit. Beldham succeeds Andrew W. Molodetz, who left the company to pursue other interests. In his new position, Beldham, 47, will report to Rodney L. Usher, vice president – group executive for pump products.