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| | What’s New | | | | George Fischer is only the second company to receive the Intel Preferred Quality Supplier (PQS) award the second time in a row. | | Intel Corporation
2200 Mission College Blvd.
P.O. Box 58119
Santa Clara, CA 95052-8119  | News Release | | CONTACT | Deanna Wong
(408) 765-1653
deanna.wong@intel.com | | | GEORGE FISCHER PIPING SYSTEMS RECEIVES PREFERRED QUALITY SUPPLIER AWARD FROM INTEL SANTA CLARA, Calif., May 30, 2000 -- Intel Corporation announced today it has recognized George Fischer Piping Systems with its 1999 Preferred Quality Supplier (PQS) award. George Fischer Piping Systems provides ultra-high purity piping to Intel. "We are pleased to have George Fischer Piping Systems as a Preferred Quality Supplier award winner," said Ashok Seth, director, Intel's Facilities Technology Development. "Beyond the usual transactions involving high quality and cost competitive products, we are exchanging best known engineering and safety practices that we can each use to improve our own internal business processes." The PQS award is part of Intel's Supplier Continuous Quality Improvement (SCQI) process. The process goal is to encourage Intel's key suppliers to strive for excellence and continuous improvement in their operations. A key supplier provides products or services deemed essential to Intel's success. To qualify for PQS status, suppliers must score highly on a quality systems assessment and a supplier report card, as well as meet challenging performance expectations against an improvement plan. "It is an honor and pleasure to receive this Intel Preferred Quality Supplier award," said Dr. Juerg Krebser, president, George Fischer Piping Systems. "We thank Intel for this recognition and for the success we've shared internationally." Intel also recognized award winners with an advertisement in the Wall Street Journal on May 30 and the Asian Wall Street Journal on May 31. In addition to George Fischer Piping Systems, the ad honored Pulse, Racal Instruments, Kester Solder, Texas Instruments Standard Linear & Logic Group, NEC's 2nd Memory Division, Kalex Printed Circuit Board Co., Ltd., Nan Ya PCB, 3M's Electronic Handling and Protection Division, Rockwell Automation, Hitachi's Semiconductor Equipment and Instruments Groups, Disco Corporation, Pycon Inc., Ashland Electronic Chemicals, Schumacher, Tokyo Ohka Kogyo Co., Ltd., Senju Metal Industry Co, Ltd., Ibiden Co., Ltd., and Shinko Electric Industries Co., Ltd. George Fischer Piping Systems is a supplier of industrial, domestic and distribution piping systems. Their products include piping, automated valves, and instrumentation and pipe joining technology. Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. * Third party marks and brands are property of their respective holders. Return to top of page | | | | Georg Fischer Piping Systems expand in the Asia Pacific region | | Takeover of Industrial Pipe Systems Company Pty Ltd, Australia Georg Fischer Ltd, Schaffhausen, Switzerland, has acquired from the Australian Gas Light Company, Sydney, all capital interests in Industrial Pipe Systems Company (IPS), Sydney. The main activities of IPS comprise distribution piping systems for gas and water supplies in Australia and China. IPS sales for the 1998/ 1999 business year totaled nearly CHF 50 million with 500 employees. This acquisition gives the Georg Fischer Piping Systems Group a unique basis in China, both in the growth market for gas and water distribution systems and as supplier to the automobile industry. It also enables further expansion in the Pacific region. This transaction is fully in line with the expansion strategy of Georg Fischer Corporation. The Industrial Pipe Systems Company Pty Ltd (IPS) is one of Australia's leading sup-pliers of plastic pipes and piping systems for gas distribution. IPS has production facilities in New South Wales and Queensland, and also serves the North Australian mining industry. Market prospects in Australia are regarded as good. In China, the IPS joint venture with Ling Yun Machinery Factory Ltd is market leader in plastic piping systems for gas and water distribution, with production plants in all main economic regions. The product range mainly comprises pipes, fittings and electrofusion fittings for gas and water distribution, as well as plastic components for the Chinese automobile industry. All plants are efficient and well-managed, complying with international standards. Gas and water distribution in China is an attractive growth market for plastic piping systems. In view of the strategic importance of this market, the Georg Fischer Piping Systems Group already operates a production plant in Shanghai for industrial piping systems, distribution systems and domestic installations. (For further information on the Austalian Gas Light Company (AGL) resp. Industrial Pipe Systems Company (IPS) please contact www.agl.com.au) Schaffhausen, April 26, 2000 Contact persons for further information: - Markus Sauter, Corporate Relations Manager Georg Fischer Ltd, Schaffhausen Tel. +41 (0)52 631 26 97, Fax +41 (0)52 631 28 63 e-mail: markus.sauter@georgfischer.com
- Bruno Meier, Managing Director George Fischer Pte Ltd, Singapore Tel. +65 961 61 293, Fax +61 2 9943 0213 e-mail: brunomeier1@compuserve.com
Georg Fischer AG, Postfach, CH-8201 Schaffhausen/Schweiz
Telefon +41 (0)52 631 11 11, Fax +41 (0)52 631 28 37
E-mail: info@georgfischer.com Diese Seite in Deutsch
© by Georg Fischer AG / Last update: 26. April 2000 Return to top of page | | | | George Fischer Introduces Expanded Year 2000 Catalog Featuring +GF+ SIGNET Measurement and Instrumentation Products | |
TUSTIN, California, March 30, 2000 - The new Year 2000 +GF+ SIGNET Measurement and Instrumentation Catalog, available from George Fischer, Inc., features an expanded 148-page format with detailed engineering data on the complete line of +GF+ SIGNET Flow and Analytical products.
Among the new items in the catalog is a Features and Benefits section which provides a quick summary of the +GF+ SIGNET product line while highlighting significant product differences as compared to other manufacturers. A System Selection section offers a step-by-step guide to choosing the right instrument for the specific application requirement. Other highlights of the catalog include information on +GF+ Fittings and Temperature/Pressure Graphs, offering assistance with system design and ordering. A new Technical Reference section provides helpful information on engineering calculations and constants, flow and analytical technology, definitions, and tips on installation, applications and maintenance. The new catalog also includes technical specifications, engineering specifications, applications, sensor/instrumentation, compatibility, wiring data, dimensions and extensive ordering and accessories information with manufacturer's part numbers and code numbers for easy ordering. New products highlighted in the catalog include the +GF+ SIGNET Vortex Sensor , recent recipient of the 1999 Flow Control Technology Innovation Award which recognized the product's innovative, leading-edge technology in flow management. The +GF+ SIGNET Vortex Sensor provides superior flow sensing accuracy and flexibility in a wide range of applications including water, wastewater and ultrapure applications. Available as a stand-alone sensor providing frequency or current output, or configurable into a programmable transmitter system, the Vortex Sensor is available in several materials including polypropylene, PVDF , PVC and PVDF (polyvinylidene fluoride). Other new products highlighted in the catalog include the +GF+ SIGNET 2450 Pressure Sensor and the +GF+ SIGNET 2350 Temperature Sensor. The new PVDF constructed sensors feature industry-standard 3/4" NPT threaded connections at both ends allowing for easy interchangeable installation with virtually any piping system and are manufactured under ISO 9001 standards. Return to top of page | | Business results 1999 and outlook for 2000 | |
Business results 1999 and outlook for 2000: Georg Fischer strategically on course
despite impaired profitability
The Georg Fischer Corporation reached some important strategic milestones and maintained the return on equity at 15 % in 1999. By acquiring the Mössner Group, Georg Fischer now takes the European market lead as a supplier to the automobile industry of cast aluminum and magnesium components as well as iron castings. The Piping Systems Group strengthened its market position in all fields with several new cooperation agreements and acquisitions. Profitability was impaired by high startup and integration costs together with unfavorable conditions in important markets. Although the record figures of 1998 were not matched, market trends indicate a significant rise in sales and profitability for the year 2000. With 14 285 employees per year end, billings for 1999 totaled CHF 3,3 billion and net profit was CHF 131 million. The Board of Directors requests the Annual General Meeting 2000 to approve an unchanged dividend. Unfavorable market conditions during the first half-year and only a halting improvement in the second semester hindered intrinsic growth of the Piping Systems, Manufacturing Technology and Plant Engineering Groups. Major markets such as Germany and the USA still show only slow recovery in the business segments relevant for Georg Fischer. The demand for automotive products remained high, but the good result achieved by the Automotive Products Group was overshadowed by high startup and integration costs in the aluminum castings sector. Consolidated sales rose by 7 % to CHF 3,29 billion (previous year: CHF 3,07 billion), and orders intake by 8 % to CHF 3,25 billion (CHF 3,02 billion). The growth resulting from acquisitions in 1999 will not take full effect until year end 2000. Consolidated operating income (EBIT) amounted to CHF 175 million, compared to CHF 216 million in the previous year. However, operating income before depreciations and amortization (EBITDA) was only 1 % less than in prior year. Particularly the Automotive Products and Piping Systems Groups, which accounted for most acquisitions, increased EBITDA by 5 % and 9 % respectively. The high financial result of prior year was not matched. Net profit of CHF 131 million is 9 % lower than the prior year level (CHF 144 million). Return on equity (ROE) complied with the target value of 15 %. The market capitalization value of Georg Fischer has more than doubled over the last three years, and the Georg Fischer share price development over the same period exceeded the Swiss Market Index by almost 30 %. The annual accounts of Georg Fischer Ltd (Holding) closed with a net profit of CHF 124 million (previous year: CHF 122 million). The Board of Directors requests the Annual General Meeting of March 15, 2000 to approve a dividend of CHF 14 per registered share (unchanged from prior year). Our chief priority for 2000 is to optimize profitability, with particular emphasis on recent acquisitions. Additional strategic steps will also be taken to increase shareholder value. Furthermore, the growing signs of an investment revival in major markets indicate a significant rise in sales and earnings for 2000.
Robert A.Jeker
Chairman of the Board Martin Huber
President and CEO
Schaffhausen, February 22, 2000 Note:
The Annual General Meeting 2000 will be held on
Wednesday, March 15 at 3:30PM
in the Steel Foundry Assembly Hall, Schaffhausen
| Return to top of page | | | June 2000 | | June 27-29, SUR/FIN, Chicago, IL Booth #1015
| | July 2000 | | July 10-12, Semicon/West, San Francisco, CA Booth #409 South Hall
Visit our booth for a chance to win a free computer!
| | August 2000 | | August 21-24, ISA, New Orleans, LA Booth #4447
| Be our guest at |  | | Use code W20029 to register FREE. Visit us at Booth #4447. | | | October 2000 | | October 6-7, NEX, Chicago, IL | | October 30-31, ASPE/EPE, Nashville, TN | | |
