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Robbins & Myers Inc produces fluid management systems and products for a variety of industries, including chemicals, pharmaceuticals and wastewater treatment. The company produces industrial pumps through the business unit, Moyno Industrial Products.
The strong showing of Robbins & Myers in each quarter of fiscal 1997 has resulted in an excellent set of figures for the year. Sales for the year were 10 per cent up, compared with fiscal 1996, and net income rose by nearly 50 per cent, from US$19.5 million to US$28.9 million. Each of its business units contributed to this success and a significant amount of revenue was generated from outside the company's native USA. Aftermarket sales were also of increasing importance, with 35 per cent of the company's total sales accounted for by this market. The company's pump interests, represented by Moyno Industrial Products, concentrated on product and market development during the year, leading to a range of new product launches and the addition of several new distributors in South America. Robbins & Myers describes the outlook for the industrial pump market as cautious, with the general industrial, food and chemical processing markets showing steady growth rates, while municipal wastewater treatment and pulp and paper remain constant. Moyno is to specifically target the food and chemical industries for growth during the coming year, as well as attempting further expansion in Latin America and the Pacific Rim.
Another year of sustained internal and external growth has given Robbins & Myers the chance to report some excellent figures, The recent expansion of the company is evident in the results for the last five years below, and, on this form, Robbins & Myers seems quite capable of achieving its vision of transitioning to a top-tier supplier of value-added products and services. II
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