Smiths Group wins major contr
Smiths Group announces major Siemens deal for its John Crane division
John Crane, part of the global technology business Smiths Group, today announces a major new supplier frame agreement with Siemens AG that is expected to secure business worth some €10 million over the next two years.
With the potential for future extensions, the deal provides for John Crane gas seal equipment to be supplied via Siemens to a range of turbo-machinery applications in the Middle East, Caspian, Asia Pacific and South American regions. It also includes the supply of aftermarket services.
John Crane has underlined its commitment to the agreement by developing a new standard gas seal product designed to meet Siemens' specific operating parameters with the added benefit of service support from John Crane's unparalleled international network of customer support centres.
Paul Cox, President designate, John Crane said: 'Many end-users of Siemens' equipment will already have benefitted from the excellent performance of John Crane seals and the support which the company provides, and this will help Siemens enhance its own reputation with these customers.'
The agreement will also allow John Crane and Siemens to collaborate more closely than previously, leading to the development of innovative new solutions to market requirements. Environmental considerations are expected to play a key role, especially in such areas as the current energy market demand for greater efficiency with lower emissions.
John Crane has also extended the scope of the offering it makes to Siemens to cover other areas of turbo-machinery equipment such as speciality engineered bearings and filters.
From 1 August 2008, the Smiths Specialty Engineering division will be disbanded. John Crane, currently managed and operated as two separate units by teams in the UK and the US, will be unified under Paul Cox as president and will have its headquarters at the Morton Grove facility close to Chicago, Illinois. The other Specialty Engineering businesses, Smiths Interconnect and Flex-Tek, will continue to be run from their existing US locations. The presidents of all three businesses will report directly to the Group Chief Executive.
Anthony Cardew - Cardew Group
+44 (0)20 7930 0777
Investor Relations
Peter Durman
+44 (0)20 8457 8343
Smiths Group
Smiths is a global technology company listed on the London Stock Exchange. A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Our products and services make the world safer, healthier and more productive. Smiths Group employs more than 20,000 people in over 50 countries. For more information visit www.smiths.com
John Crane
John Crane is part of Smiths Group, a global technology business. John Crane designs and manufactures seals and associated products mainly for the oil & gas, chemical, pharmaceutical, pulp & paper and mining sectors. Since being established over 80 years ago John Crane has become the acknowledged global leader in its field. Today it provides the most complete selection of engineered mechanical seals and sealing support systems for use in pumps, compressors and other rotating equipment, complemented by an expanding range of engineered bearings, filtration systems and power transmission couplings all of which are supported by the global John Crane sales and service network. John Crane is a globally recognised and trusted name. The John Crane business has 20 manufacturing sites and more than 6,000 employees, located in 50 countries
This information is provided by RNS
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