Donaldson adds new engine filtration manufacturing facility in Brazil
- Publisher
- Elsevier Science
- Year
- 2008
- Tongue
- English
- Weight
- 76 KB
- Volume
- 2008
- Category
- Article
- ISSN
- 1365-6937
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✦ Synopsis
In Brief • Larox Corp and Nordea Bank Finland Plc have entered into a market making agreement, which fulfils the requirements of the Helsinki Stock Exchange's Liquidity Providing operation. The agreement is designed to increase the Larox share's liquidity, decrease share price volatility and facilitate private investor trading. Larox had a market making agreement with Kaupthing Bank Oyj, but due to Iceland's recent financial difficulties, the bank has stopped its market making services. www.larox.com • Met-Pro Corp's board of directors has authorized a new 300 000 share stock repurchase program. During the ninemonths ended 31 October 2008 the company repurchased 731 757 shares of its common stock. This represents approximately 5% of the company's outstanding shares as of 31 January 2008 and fully depletes the available shares under its February 2000 stock repurchase program. Common stock purchases under this new program will be made from time to time in open market transactions. www.met-pro.com • Canada's Biorem Inc has completed a C$3 million debenture financing with Wellington Financial LP. "Biorem is a clean technology air pollution control company that is expanding the use of our technology to a wider range of applications that allows us to enter new markets," said Peter Bruijns, Biorem president and CEO. "This funding will be used for working capital and the investment in R&D and sales resources to drive future growth in bookings and revenues." Biorem makes Biosorbens biofilter media and supplies biofilters for air pollution control in municipal and industrial applications, including Biocube modular units and Mytilus biotrickling filters. www.biorem.biz • Gneuss Kunststofftechnik GmbH celebrated its 25th anniversary in October by hosting a symposium at its Bad Oeynhausen, Germany headquarters, which was attended by 150 international guests. Founded in 1983, today there are more than Gneuss 4000 melt filtration systems in operation worldwide. www. gneuss.com