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August 30, 2015 12:29 AM ET

Machinery

Company Overview of John Crane Inc.

Company Overview

John Crane Inc. designs and manufactures engineered sealing systems and associated products. The company offers a selection of engineered mechanical seals, sealing support systems, mechanical packings, power transmission couplings, and asset management systems. Its products include elastomer and PTFE bellows seals, elastomer O-ring and PTFE wedge seals, dry-running gas seals for pumps and turbocompressors, and split seals for larger equipment. The company also provides condition monitoring, hardware and software, condition based maintenance, computerized maintenance management systems, and asset management services. It serves food and beverage, mining and minerals, oil and gas, pharmaceutica...

6400 West Oakton Street

Morton Grove, IL 60053

United States

Founded in 1917

Phone:

847-967-2400

Fax:

847-967-3915

Key Executives for John Crane Inc.

Chief Executive Officer and President
Age: 51
Chief Executive of Smiths Group Plc
Age: 62
President of Flex-Tek
Managing Director of Specialised Businesses
Vice President of Asia Pacific Region
Compensation as of Fiscal Year 2015.

John Crane Inc. Key Developments

John Crane Introduces New Fiberglass Sucker Rod

John Crane introduced the Series 200, the next generation of fiberglass sucker rod that increases production output, improves load strength and reduces lifting costs for oil producers. The next generation fiberglass sucker rod provides producers added flexibility, particularly in more challenging well conditions such as deeper wells with higher load requirements or corrosive conditions. The corrosion-resistant rod provides an average working load that is at least 25% higher than all other available fiberglass rod alternatives. The Series 200 minimizes costly unplanned downtime with its increased ability to remove stuck pumps with a one-time pull load capacity that is at least 30% higher than other alternatives. It also facilitates easier and faster removal of rod strings due to a predictive end fitting failure mode at the connecting pin that alleviates fiberglass splintering and broom-sticking. Series 200 uses the same materials and API-standard connections as previous generations of fiberglass sucker rods, making it easier for producers to adopt this new technology.

John Crane Announces Unaudited Earnings Results for the Six Months Ended January 31, 2015

John Crane announced unaudited earnings results for the six months ended January 31, 2015. For the period, the company reported revenue of £453 million, headline operating profit of £105 million, operating profit of £61 million against revenue of £469 million, headline operating profit of £109 million, operating profit of £64 million for the same period a year ago. Return on capital employed was 26.5% against 26.5% a year ago. The underlying revenue growth reflects increased revenue in the aftermarket rotating equipment business, offset by declining sales in the first-fit rotating equipment and upstream oil services businesses. Excluding upstream oil services, revenues showed a 3% underlying increase.

John Crane Wins Exclusive Agreement for Portion of Clean Fuels Project in Kuwait

John Crane announced it has signed a frame agreement for the Kuwait National Petroleum Company (KNPC) Clean Fuels Project, a modernization project that will upgrade two refineries in Kuwait. The agreement covers the full share of the mechanical seals and systems used for more than 530 critical pumps at the Mina Al-Ahmadi refinery. Engineering services, commissioning support and technical training are also covered under the agreement. The agreement was signed with an engineering, procurement and construction (EPC) joint venture that is managing a $4.8 billion portion of the Clean Fuels Project. The joint venture comprises JGC Corporation from Japan, and SK Engineering & Construction and GS Engineering & Construction from South Korea. The KNPC Clean Fuels Project is a major initiative to upgrade the Mina Al-Ahmadi and Mina Abdulla refineries, with a goal of increasing combined daily production to 800,000 barrels of oil per day. The project will also improve the operating performance and energy efficiency of the refineries, reducing carbon dioxide emissions and improving the quality of hydrocarbon production to meet international environmental and marketing standards, as well as legislation requirements.

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