GEA Mourns the Death of Chief Financial Officer Marcus A. Ketter

With deep sadness, GEA Group Aktiengesellschaft announces the sudden and unexpected death of Chief Financial Officer Marcus A. Ketter, who passed away on Sunday, August 6 at the age of only 55. “We are shocked and devastated by this loss. With Marcus Ketter, GEA loses an outstanding CFO and a highly valued individual whose drive, […]

CIRCOR Brand Portland Valve Announces 50 Year Anniversary 

CIRCOR International, Inc. joins their brand Portland Valve in celebrating their 50 year anniversary. Originally incorporated June 29, 1973 with 5 employees, PV has grown to become a standard name in valves for both submarines and surface vessels over the past 50 years. Portland Valve manufactures a full line of ship service ball valves and […]

Pentair Appoints Tracey Doi to Board of Directors

Pentair plc announced the appointment of Tracey Doi to its board of directors effective August 15, 2023. With her appointment to the Pentair plc board of directors, Ms. Doi will serve on the Company’s Audit and Finance Committee. Ms. Doi is the retired Group Vice President and Chief Financial Officer of Toyota Motor North America […]

Pfeiffer Vacuum Technology AG Reports Record Sales for H1 2023

Pfeiffer Vacuum Technology AG announced results for the first half of 2023. Sales increased by 12.7% to EUR 496.7 million compared to the previous year, the highest sales level in the history of the Company within a half-year period (H1 2022: EUR 440.6 million). The operating result (EBIT) decreased by 6.2% to EUR 56.3 million […]

Thordon Strengthens Presence in Taiwanese Pump Market

Thordon Bearings has further strengthened its presence in the Taiwanese market, delivering water-lubricated elastomeric polymer bearings for installation to cooling water pumps commissioned for a major power plant expansion project. Thordon’s SXL and Composite non-metallic bearings have been specified by San Tai Pumps, which is providing cooling water pumps to the state-owned Taiwan Power Company […]

ITT Names Fernando Roland President of Industrial Process Business

ITT Inc. announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps […]

Robust Performance Across All Businesses

Orders CHF 1’992.4m, + 24.1% YOY on robust growth momentum in all divisions. Sales CHF 1’601.6m, +15.4% in H1 on robust execution. Operational profit CHF 162.4m, +27.3% YOY, which reflects improvements in operations. Executive Chairwoman Suzanne Thoma stated: “Due to favorable market conditions, our good positioning, first operational improvements and growth initiatives, we substantially increased […]

Armstrong Opens New German Office

Armstrong Fluid Technology has relocated its sales office from Mannheim, Germany, to a larger site in Frankfurt to support the company’s European expansion. Armstrong has had a dedicated European HQ since 2018, following its acquisition of the Circulator Pump Business Unit of German-based HALM Circulators. Having outgrown its current site, the company has now moved […]