09302020Wed
Last updateTue, 29 Sep 2020 7pm

Parker Hannifin Announces Executive Promotions

Parker Hannifin Corporation announced the promotion of Dana A. Dennis to Senior Vice President - Finance, and Jon P. Marten to Vice President and Corporate Controller, following their appointment by the company's Board of Directors.

Parker today also announced other executive promotions. Lee C. Banks, Robert P. Barker, and Thomas L. Williams have each been named Executive Vice President and Operating Officer.

Source: Parker Hannifin

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The Weir Group Reports Higher Orders, Revenues Than 2007

The Weir Group's 2008 first half order input of £734 mln was 32% above the prior year period, and revenues from continuing operations increased 46% to £632 mln. Order input for the Power & Industrial division, which includes the valve group, grew 52% to £158 mln.

Source: Weir

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Market for Industrial Valves to Reach $56 Billion in 2012

The world market for industrial valves will reach approximately $56 billion by 2012 according the McIlvaine Company online report Industrial Valves: World Market. Compared to 2007 estimates of $45 billion, this figure represents worldwide growth just short of 25 per cent over the next five years.

Source: Engineer Live

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Weir Looks to Build on £81 Million Profits With Buys

Weir Group chief executive Mark Selway is on the lookout for further acquisitions as the integration of the engineering business's most recent purchases starts to produce returns.

Mr Selway indicated that it will not be too long before other deals are announced.

Source: Telegraph

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Sherwood Valve Announces Plant Consolidation

Sherwood Valve LLC, a division of Taylor-Wharton International, is consolidating all manufacturing and assembly operations into the company’s Washington, Pennsylvania and Cleveland, Ohio facilities. Current production processes at the Niagara Falls, NY factory will be relocated to Washington and Cleveland.

Source: Sherwood Valves

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