Allweiler opens an office in Bahrain

From Richmond Times-Dispatch: Allweiler AG, a subsidiary of Colfax Corp., the Richmond-based maker of industrial pumps and valves, opened an office in Bahrain to better serve and support Middle East clients.

"While Colfax has worked for years in the region on hundreds of oil and gas, power generation and industrial installations, we wanted to increase our commitment to current and prospective Middle East customers," said John A. Young, president and CEO of Colfax.

Berlin Technologies is representing Allweiler in Israel.

Yours,
Berlin Technologies

Colfax income up slightly in first quarter

From Richmond Times-Dispatch: Colfax Corp. (parent company of ALLWEILER) today reported income of $6.9 million for the first quarter, a slight increase over the $6.8 million in the same period a year earlier.

The Richmond-based maker of industrial pumps and valves said quarterly sales increased 4.3 percent to $136.3 million.

"We believe economic conditions could remain difficult for the balance of the year and now expect organic sales for the year to be down between 2 percent and 4 percent," said John Young, president and chief executive officer.

Yours,
Berlin Technologies

Colfax Corp. expects slow sales growth

From the Richmond Times-Dispatch: Colfax Corp., the Richmond-based maker of industrial pumps and valves, today said sales for 2009 are expected to slow significantly.

The company said organic sales growth for 2008 is expected to be end up at about 14 percent, in line with the company's low double-digit organic growth expectation for the year.For 2009, the company anticipates organic sales growth will be in the range of 1 percent to 3 percent.

For the full article please click on the link below:
Colfax Corp. expects slow sales growth

Yours,
Berlin Technologies

Flowserve Declares Quarterly Cash Dividend of $0.25 Cents Per Share

Flowserve Corporation (NYSE:FLS), a leading global provider of flow control products and services for the global infrastructure markets today announced that its Board of Directors has authorized the payment of a quarterly cash dividend of $0.25 cents per share on the company´s outstanding shares of common stock. The dividend is payable on October 8, 2008 to shareholders of record as of the close of business on September 24, 2008.

Flowserve Corp. is one of the world´s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company´s Web site at http://www.flowserve.com/.

To read the full story please click on the link below:

http://www.wallstreet-online.de/nachrichten/nachricht/2502197.html


Yours,
Berlin Technologies