Duriron Company Inc., is the nation's largest supplier of corrosion-resistant pumps, valves, and related equipment, with about 80% of sales in fluid movement and control equipment. Spending by the chemical and other processing industries to modernize and to meet environmental regulations, offsets the lag caused by scarcity of new major processing plants and contributes to Duriron's annual growth rate of about 15%. Duriron expects heightened demand and is in the process of completing an expansion program which will permit a 40% increase in existing unit production at minimal expense. Duriron, a very profitable company, has had only one bad year in the past 10. The company expects the second quarter of 1981 to be at least as profitable as the same quarter last year, although the first quarter was rather slow, with a $1.1 million drop in sales compared to last year. Duriron tries to maintain its leadership in the specialized area of corrosion-resistant pumps and valves by introducing new items, such as quarter-turn valves.
Full text: Barron's National Business and Financial Weekly, May 11, 1981
forex trading system
No comments:
Post a Comment