ACHRNEWS

Manufacturers for the Week: 12/25/2000

December 21, 2000
  • The Evansville School District (Evansville, MN) has signed a multi-year performance contracting agreement with the Minneapolis branch office of Siemens Building Technologies, Inc. (Minneapolis, MN).
  • Dectron International Inc. (Montreal, Quebec, Canada), a manufacturer of air purification, humidity control, and heating/cooling systems, announces the financial results for the first nine months ending Oct. 31, 2000. Revenues and gross profit for the period increased by 25.0% and 39.6%, respectively, with revenue of $28.6 million and gross profit of $9.9 million. Net income for the nine-month period was $0.33 per common share, reflecting the consolidation of IPAC 2000, the company's latest acquisition.
  • The board of directors of Lennox International Inc. (Dallas, TX) has declared a quarterly cash dividend of $0.095 per share of common stock payable on January 6, 2001 to stockholders of record as of December 26, 2000.
  • York International Corporation (York, PA) says it expects 2001 earnings in the range of $3.25 to $3.50 per share, excluding the cost of the remaining one-time expenses related to the cost-reduction plan announced on Oct. 24, 2000. Revenue for 2001 is expected to improve by approximately 3% over 2000.
  • York Refrigeration (Essex, UK) has recently commissioned a new environmental test facility at Ford’s Engineering and Research Centre in Dunton, Essex, UK. Refrigeration for the facility is provided by a compound screw compressor system charged with the non-ozone-depleting refrigerant AZ-50 (R507), developed by Honeywell Fluorine Products (Morristown, NJ)
  • Weil-McLain (Michigan City, IN), America’s largest manufacturer of cast iron boilers, captured its second Quality Award in as many years at a ceremony held in South Bend, IN. The award is presented annually in an effort to recognize the quality achievements of Indiana companies and organizations.
  • PQ Corporation (Valley Forge, PA) announces it is withdrawing from the molecular sieve adsorbent market due to marginal returns. The company believes its resources will be better applied towards its other zeolite products, including VALFOR® 100 zeolites for ion exchange in detergency applications.
  • Excel Comfort Systems (Columbia, SC), manufacturer of Ducane heating and air conditioning products, announces the expansion of the Ducane distributor network through newly formed partnerships, including: Blacks Industrial (Spokane, WA), Standard Supply (Salt Lake City, UT), SSI, Inc. (Metter, GA), and Independent Supply (Calgary, Alberta, Canada).
  • James Roche, special markets manager for the Burnham Corporation (Lancaster, PA) will retire at the end of Dec. 2000 after 41 years with the residential and commercial hydronic heating equipment manufacturer.
  • All-Lite Louvers (Fort Worth, TX) announces the expansion of its manufacturing facility/operation from Levittown, PA, to Mineral Wells, WV. The Mineral Wells plant is now the primary factory for the manufacturing of the company’s line of architectural louvers, vision screens, sun screens, penthouses, and related architectural products.
  • Publication date: 12/25/2000