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- Press Releases, Show Announcements and Industry News Wanted!
- Harnischfeger Industries' Reorganization Effective
- Kinder Morgan Energy Partners Acquires Four Additional Bulk
Terminals
- Top Picks at Amazon.com
- Ask Joe Column!
- "SLIM" Solid/Liquid Injection Manifold Improved
- Powder and Bulk Dot Com had over 31,000+ visitors in June!
- Heyl & Patterson and Techint Technologies Form Alliance
- Hot Messages from the Help Forum
- Call For Photographs!
- From the Job Fair
- Subscribe, Unsubscribe, Sponsorship & Archive Information
- ReferWare
- About Us
From
the Editor
Our goal is to provide information to improve your
business by using the resources available on the Internet.
Thanks,
Joe Taylor
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Customer support software for your company web site. Companies
like USA Blue Book, Cleveland Vibrators and BLH use it for
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Joy
Global
Harnischfeger Industries'
Reorganization Effective:
Company Emerges as Joy Global Inc.
MILWAUKEE, July 12 /PRNewswire/ --
"We are pleased to announce that Harnischfeger Industries, Inc.
has emerged from bankruptcy court protection as a financially and
operationally healthy company under a new name, Joy Global
Inc.," John Nils Hanson, Chairman, President and Chief
Executive Officer announced today.
The
Company's emergence, effective immediately, reflects the terms of
its amended plan of reorganization confirmed by the U.S. Bankruptcy
Court on May 18, 2001. In accordance with the plan, the Company's
new common stock and senior notes, as well as some cash, will be
distributed to creditors with allowed claims around the end of July.
The Company's former stock (OTC: HRZIQ) has been canceled. The
Company's new common stock began trading on a "when
issued" basis (OTC Bulletin Board: HFIIV) on May 25, 2001.
"Regular trading" of Joy Global Inc. is expected to
commence on the Nasdaq market under the symbol "JOYG"
following the distribution of the shares.
In conjunction with the emergence,
the Company closed on a $350 million senior secured credit facility
provided and arranged by Bankers Trust Company and Deutsche Banc
Alex. Brown. This facility has been designed by Deutsche Banc Alex.
Brown, Inc. to finance the company's global operations.
Mr. Hanson said: "With our
reorganization complete, we are focused on the mining markets and on
utilizing our managerial strengths to build the long-term value of
Joy Global for the benefit of all of our stakeholders --
shareholders, customers, suppliers, lenders and employees. We are
committed to reinforcing our strengths to be the supplier of choice
for our customers. At both our P&H Mining Equipment and Joy
Mining Machinery divisions, we will leverage our superior product
lines, strong customer relationships and global opportunities to
build greater value.
"The adoption of the Joy Global
name is designed to facilitate the re-establishment of our
relationship with the investment community and to do so in the
simplest and most cost effective way possible. We will continue to
go to market and place the highest premium on the brand identities
of P&H Mining Equipment and Joy Mining Machinery, reflecting
their many marketplace strengths.
"As we move ahead, we are very
well positioned to capitalize on the renewed interest in coal
mining, and are flexible enough to adjust to developments in all of
our markets. We continue to strengthen our product lines, customer
services and manufacturing capabilities to provide the best value
for our customers worldwide. "As part of the reorganization, we
have a new Board of Directors. I will be joined on the board by six
new independent directors selected by the official creditors
committee through a formal process: Steven L. Gerard, President and
Chief Executive of Century Business Services, Inc.; Ken C. Johnsen,
President and Chief Executive Officer of Geneva Steel Company; James
R. Klauser, Senior Vice President of Wisconsin Energy Corp.; Richard
B. Loynd, Chairman of the Executive Committee of Furniture Brands
International; P. Eric Siegert, Managing Director of Houlihan Lokey
Howard & Zukin; and James H. Tate, Senior Vice President and
Chief Financial Officer of Thermadyne Holdings Corp. We expect to
benefit greatly from the breadth and scope of our new directors'
experiences as we proceed to execute our business strategy."
Joy Global Inc. is a worldwide leader
in manufacturing, servicing and distributing equipment for surface
mining through its P&H Mining Equipment division and underground
mining through its Joy Mining Machinery division.
Kinder
Morgan Energy Partners Acquires Four Additional Bulk Terminals
HOUSTON, July 12 /PRNewswire/ --
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that
it has acquired four bulk terminals from Koninklijke Vopak N.V.
(Royal Vopak) of The Netherlands for $44 million in cash. The
terminals are located in Florida and Virginia.
"We
are pleased to add four more facilities to our bulk terminals
portfolio and to continue our expansion into new markets," said
Richard D. Kinder, chairman and CEO of KMP. "While we gained
entry into the Florida market earlier this year through a product
pipeline acquisition, this is the first time our bulk terminals
business will have a presence in Florida. The acquisition is
expected to be immediately accretive to cash available for
distribution to KMP unitholders."
KMP now owns 31 bulk terminals, which
transload more than 50 million tons annually of coal, petroleum
coke, soda ash, cement and other materials.
The Port Sutton and Port Manatee
facilities are both located in Tampa, Fla. Port Sutton, which
primarily handles fertilizers, salt and ammonia sulphate, has
170,000 tons of covered storage. Port Manatee, which primarily
handles fertilizers, has 130,000 tons of covered storage.
The Nassau Terminals facilities are
located in Fernandina Beach, Fla. They are break-bulk facility,
primarily handling containers and paper products.
Elizabeth River Terminal is located
in Chesapeake, Va. It handles ammonia sulphate and other bulk
materials, with over 500,000 square feet of storage, 13 warehouses
and 10 acres of paved outdoor storage.
Kinder Morgan Energy Partners, L. P.
is the nation's largest pipeline master limited partnership with an
enterprise value of more than $7.5 billion. It owns and operates one
of the largest product pipeline and terminal systems in the country.
In addition, it is a major transporter of natural gas, operating
more than 10,000 miles of pipeline; is the nation's leading provider
of CO2 for use in enhanced oil recovery projects; and is one of the
largest operators of bulk terminals, with 31 facilities that
transload more than 50 million tons of coal, petroleum coke and
other products annually.
The general partner of KMP is owned
by Kinder Morgan, Inc. (NYSE: KMI), one of the largest midstream
energy companies in America, operating more than 30,000 miles of
natural gas and product pipelines. KMI also has significant retail
distribution, electric generation and terminal assets. Combined, the
two companies have an enterprise value of approximately $17 billion.
"..practical guide
integrates the basic principles and current industrial
practices of pharmaceutical granulation production discussing
state-of-the-art technologies.."
"..it explores the
relevant physics of the powder systems including
characterization procedures and rheology, and contains an
extensive review of different methods that have been employed
to study the structure of mixtures."
Powder
Mixing
by Brian H. Kaye
Hardcover, October 1997
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Now!
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Room. Do you need a book? Can you suggest a book you love, that
we should have in the Reading Room? Let me know and we will try to include it!
We Need Your Guest Articles!
Do you have an area of expertise in bulk materials, have you solved a difficult materials problem? You too, can be an Ask
Joe! guest author! Share your knowledge with others and promote yourself (the
old publish or perish is true!) by contributing an article to the Ask Joe! Column.
Doug Cohen, Vice President -Technical
Services today announced the introduction of several new and
improved controlled rate solid or liquid nozzles designed
specifically for use with the SLIM attachment used with the Ross
Series 100 and Series 500 Mixer Emulsifiers.
The
SLIM system is a method of injecting difficult to wet solids or
minor liquids under pressure while a mixer is operating under vacuum
or atmospheric conditions. Solids, for example, are added direct
from bags to the mix at rates controlled by the shape and size of
the injection nozzle. Difficult to disperse solids such as fumed
silica can be added at rates heretofore unknown to processors. Since
the solids are added under vacuum they contain all dust thus
minimizing any health hazards to workers and also keeping
contamination to the atmosphere to a minimum.
The SLIM system is available for
either vacuum or atmospheric operation on the full range of batch
Ross Mixer Emulsifiers. Ross Mixer Emulsifiers are constructed from
up to 100 hp. All Mixer Emulsifiers batch are able to be retrofitted
with this SLIM option.
Ross equipment is the first choice
for mixing, blending, drying and dispersion. The company has a world
class reputation for innovative engineering, superb construction and
fast delivery. Ross equipment is manufactured on five
continents. In the USA alone, we operate five plants and emphasize a
vigorous R&D program.
For more information contact:
Mr. Bogard Lagman Charles Ross & Son Company
Box 12308
Hauppauge, NY 11788
Powder and Bulk Dot Com
had plenty of visitors in June
Did you know that
over 31,000+ professionals visited
our web site last month!
That's more than 1,000 people per business
day! They are looking for companies, equipment and services they
need! Banner advertising is a great way
to make your company stand out and reach those material handling pro's.
Banner ads start at only $1,200 per year and include
lots of extras like, Enhanced listings, banner rotation in our web
site/newsletter and monthly "click-through" stats reports.
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think your company's web site should be listed in our
directory? You can be listed - FREE! Just go to our link request
page at: http://www.powderandbulk.com/pb_services/link.php
Strategic
Fit
Heyl & Patterson and Techint
Technologies Form Alliance
Pittsburgh - Heyl & Patterson,
Inc. and Techint Technologies announced recently that they have
agreed to jointly market their respective product lines.
Based
in Pittsburgh, Pennsylvania since 1887, Heyl & Patterson is a
leading designer and manufacturer of continuous barge unloaders,
railcar dumpers, train positioners and other specialty bulk
materials handling equipment. Heyl & Patterson has furnished
equipment to utilities, ports, steel making facilities and other
industries throughout the world, but primarily in North America.
Techint Technologies is a leading
supplier of continuous bucket chain ship unloaders,
stacker/reclaimers, pipe conveyors, yard machines and other bulk
solids handling equipment for the handling of iron ore, pellets,
coal, grain and derivatives, cement, bauxite, and alumina.
The agreement covers territories in
the United States, Canada, Europe and Brazil. This alliance will
allow both companies to offer an expanded product line, thus
providing their respective customers with a higher level of service
at a more competitive cost.
H&P’s Bulk Transfer Division
custom designs and manufactures top quality material handling
equipment, including many variations of railcar dumpers and a full
complement of modern support options for offloading railcars. Bulk
Transfer also offers high capacity barge and ship unloaders and
related specialty machinery.
For more information contact:
Mr. Richard
Salnick, P.E.
Senior Vice President Heyl & Patterson Inc.
333 Technology Drive
Stealth Technology Ctr. Suite 110
Southpointe Industrial Park
Canonsburg, PA. 15317
People post their requests for help and offer their
suggestions to others in our open forum.
Mr. Williams needs bulk liners:
We are looking for a supplier of dry
bulk liners suitable and approved to carry hazardous products in
general and to carry sodium chlorate (IMO5.1 UN1495) in particular.
The dry bulk liners will be used within standard 20' shipping line
containers to transport this type of product worldwide. Can you
advise if liners, approved by IMO (DOT) for international shipments,
are available?
This week's homepage
photo is Nerak "Double-Z" continuous bucket conveyor.
Nerak bucket conveyors offer gentle handling of delicate products
such as food, chemicals and pharmaceuticals as well as highly
abrasive and impacting materials ranging from sand and gravel to
ores and crushed rock.
Photo courtesy of Mr.
John Hellier of Nerak Systems
We would love to have your photo of a bulk materials
process, packaging, conveying or handling "action shot" for our home
page. If you have a favorite photograph of bulk materials handling at its best, please e-mail us a jpeg or gif of the photo
with a description of what is in the photo for our home page.
Full credit and the description of the photo will be
given. Photographs are be changed every two weeks to give
everyone a chance to be included. Send your photograph and description
to: news@powderandbulk.com
Jobs
From the Job Fair
Sales Representatives Wanted
We are searching for Representatives
to call on Coal-Fired Generation, Pulp and Paper and other bulk
handling facilities. We design and manufacture dust-free conveying
systems. Several patented products and processes.
Compensation is based on commissions.
Our representatives earn 6 figure incomes. Only qualified applicants
please.
Contact:
Mr. Tom Hudson Hudco Industrial Products, Inc.
3100 Morgan Road
Bessemer, Alabama 35022
Telephone: 205 424 2772
Fax: 205 425 4011
Web site: http://www.hudcoinc.com/ thudson@hudcoinc.com
The Job Fair is a free service of Powder and Bulk Dot
Com. You can post job opening for managers, engineers, sales,
reps or other talented people you need. ...Or one can post their resume for companies who are looking to add talented
people to their staff.
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The
Company's emergence, effective immediately, reflects the terms of
its amended plan of reorganization confirmed by the U.S. Bankruptcy
Court on May 18, 2001. In accordance with the plan, the Company's
new common stock and senior notes, as well as some cash, will be
distributed to creditors with allowed claims around the end of July.
The Company's former stock (OTC: HRZIQ) has been canceled. The
Company's new common stock began trading on a "when
issued" basis (OTC Bulletin Board: HFIIV) on May 25, 2001.
"Regular trading" of Joy Global Inc. is expected to
commence on the Nasdaq market under the symbol "JOYG"
following the distribution of the shares.
"We
are pleased to add four more facilities to our bulk terminals
portfolio and to continue our expansion into new markets," said
Richard D. Kinder, chairman and CEO of KMP. "While we gained
entry into the Florida market earlier this year through a product
pipeline acquisition, this is the first time our bulk terminals
business will have a presence in Florida. The acquisition is
expected to be immediately accretive to cash available for
distribution to KMP unitholders."
Based
in Pittsburgh, Pennsylvania since 1887, Heyl & Patterson is a
leading designer and manufacturer of continuous barge unloaders,
railcar dumpers, train positioners and other specialty bulk
materials handling equipment. Heyl & Patterson has furnished
equipment to utilities, ports, steel making facilities and other
industries throughout the world, but primarily in North America.