Subject: Cartridge Filters Market News

 

Here are excerpts for the month of November in the Updates to Cartridge Filters: World Market.  The updates reflect only some of the new additions.  The analysis and revenues are constantly revised.  For more information, click on: http://www.mcilvainecompany.com/water.html#NO24 .

 

CARTRIDGE FILTER

UPDATE

November 2005

 

CHEMICAL

There has been a complete revision of the individual country analysis in the chemical industry analysis section of the report. Here is an excerpt.

 

Though the business of chemistry is worldwide in scope, the bulk of the world's $2.24-trillion chemical output is accounted for by only a handful of industrialized nations. The United States alone produced $516 billion, almost a quarter of the total world chemical output in 2004.

 

Global business of chemistry (billion $) in 2004 shows: United States ($516), Canada ($36), Mexico ($19), Latin America ($120), Western Europe ($748), Central/Eastern Europe ($81), Africa & Middle East ($89), Asia/Pacific ($637), Total World Output ($2,245).

 

SEMICONDUCTORS

Worldwide sales of semiconductors increased sharply in August to $18.6 billion, an increase of 3.2 percent from the $18.0 billion reported in July and an increase of 1.7 percent from the $18.3 billion reported in August 2004,

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COMPANY NEWS

CLARCOR Inc. announced that it has completed its acquisition of Martin Kurz & Co., Inc. ("MKI"), a privately-owned manufacturer of sintered porous metal laminates used in screening and filtration products for a wide array of industries, including pharmaceutical, petrochemical, aerospace, paper and chemical process industries. MKI is based in Mineola, NY and will operate as a member of CLARCOR's Purolator Advanced Filtration Group within the CLARCOR Industrial/Environmental Filtration segment.

 

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In the year ended December 31, 2004, Amiad generated revenues of approximately $37 million and a pro forma profit after tax of approximately $3 million (excluding one time expenses, amortization of other assets and certain payments to shareholders which terminate upon placing). In keeping with its global presence, over 85% of the revenues are generated outside Israel. Also, the company has historically paid a dividend and the directors expect that the company will be able to continue to do so.

 

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Management of Groupe Laperrière & Verreault Inc. announced that GL&V has concluded an agreement to acquire all shares of the British company Brackett Green Ltd. (Colchester, United Kingdom) and its U.S. subsidiary Brackett Green Inc. (Houston, TX) from Fabricom S.A. (Suez group). The transaction, scheduled to close within the next few weeks, will be financed entirely using GL&V's available cash and revolving line of credit.

 

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Pentair announced its third quarter 2005 results, highlighting a 44 percent year-over-year increase in earnings per share (EPS) from continuing operations on a sales gain of 18 percent. Sales growth on a pro forma basis, assuming WICOR had been acquired at the beginning of the third quarter of 2004, and excluding favorable foreign currency exchange, was approximately seven percent.

 

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Bob McIlvaine

rmcilvaine@mcilvainecompany.com