FENNERFOCUS - Fenner Dunlop Americas

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FENNERFOCUS Issue 41 May 2007 IN THIS ISSUE REVENUE AND PROFITS Revenue for the period increased to £185.5m (2006 £182.0m) after accommodating adverse currency translation effects of £12.3m. Operating profit before amortisation of intangible assets acquired and exceptional items increased 12% to £16.2m (2006 £14.5m). At consistent exchange rates this increase would have been 26%. Operating profit increased to £15.5m (2006 £14.3m). After recognising a £2.5m profit on the sale of the Group’s interest in KSB Pumps in South Africa, profit before taxation increased by 34% to £15.9m (2006 £11.9m). Earnings per share before amortisation of intangible assets acquired, exceptional items and profit on disposal of joint venture was 6.2p per share (2006 5.4p per share).This represented an increase of 15% over the equivalent period in 2006 and a 27% increase at consistent exchange rates. Basic earnings per share amounted to 7.0p per share (2006 5.3p per share). continued on page 2 FENNERFOCUS A PERIOD OF FURTHER ADVANCEMENT F.A.S.T. PROGRESS IN HOUSTON Fenner Precision Fenner Precision split from Fenner Drives. Page 3 Close shave Raising money for Leukemia Foundation in Australia. Page 7 New weaving facility for Georgia Part of the $50m investment. Page 4 Pacific Design Show Fenner Precision preview new products at Pacific Design Show. Page 3 Financial Highlights % increase Half year ended 28 February 2007 £m on 2006 Revenue 185.5 +2% Operating profit before amortisation of intangible assets acquired and exceptional items 16.2 +12% Operating profit 15.5 +8% Profit before taxation 15.9 +34% Earnings per share before amortisation of intangible assets acquired, exceptional items and profit on disposal of joint venture 6.2p +15% Basic earnings per share 7.0p +32% Dividend per share* 2.075p + 4% *The 2006 comparative basis is detailed in the Dividends section of the Chairman’s Statement I am delighted to report on a period of further advancement for the Group. Operating profit before amortisation of intangible assets acquired and exceptional items advanced 12% to £16.2m (2006 £14.5m) after absorbing £1.6m of currency translation effects compared to the equivalent period in 2006. The results have been driven by robust performances across all of our operations, as the strong growth in many of our businesses and markets outweighed the effects of currency, raw material cost increases and pockets of market softness. The advanced engineered products division has seen further growth and encouraging sales performances throughout the period, particularly from our recently acquired and increasingly successful seals operations.The conveyor belting division has balanced growth in the Southern Hemisphere with somewhat slower sales in the North American mining sector as a consequence of unseasonably warm weather conditions in the winter months, temporarily slowing the demand for coal. See full story on page 5 On May 9th 2007 the Company released its Interim Results to the Stock Exchange and the Interim Report was mailed to Shareholders a week later. On this page we feature the Chairman’s Statement and financial highlights for the half year ended 28th February 2007.

Transcript of FENNERFOCUS - Fenner Dunlop Americas

Page 1: FENNERFOCUS - Fenner Dunlop Americas

FENNERFOCUSI s s u e 4 1 M a y 2 0 0 7

I N T H I S I S S U E

REVENUE AND PROFITSRevenue for the period increased to£185.5m (2006 £182.0m) afteraccommodating adverse currencytranslation effects of £12.3m. Operatingprofit before amortisation of intangibleassets acquired and exceptional itemsincreased 12% to £16.2m (2006 £14.5m).At consistent exchange rates this increase

would have been 26%. Operating profitincreased to £15.5m (2006 £14.3m).

After recognising a £2.5m profit on the saleof the Group’s interest in KSB Pumps inSouth Africa, profit before taxationincreased by 34% to £15.9m (2006£11.9m).

Earnings per share before amortisation of

intangible assets acquired, exceptional itemsand profit on disposal of joint venture was6.2p per share (2006 5.4p per share).Thisrepresented an increase of 15% over theequivalent period in 2006 and a 27%increase at consistent exchange rates. Basicearnings per share amounted to 7.0p pershare (2006 5.3p per share).

continued on page 2

FENNERFOCUS

A PERIOD OF FURTHER ADVANCEMENT

F.A.S.T. PROGRESS IN HOUSTON

Fenner PrecisionFenner Precision split from FennerDrives. Page 3

Close shaveRaising money for LeukemiaFoundation in Australia. Page 7

New weaving facility forGeorgiaPart of the $50m investment. Page 4

Pacific Design ShowFenner Precision preview new productsat Pacific Design Show. Page 3

Financial Highlights

% increaseHalf year ended 28 February 2007 £m on 2006

Revenue 185.5 +2%

Operating profit before amortisation of intangible assets acquired and exceptional items 16.2 +12%

Operating profit 15.5 +8%

Profit before taxation 15.9 +34%

Earnings per share before amortisation of intangible assets acquired, exceptional items and profit on disposal of joint venture 6.2p +15%

Basic earnings per share 7.0p +32%

Dividend per share* 2.075p + 4%

*The 2006 comparative basis is detailed in the Dividends section of the Chairman’s Statement

I am delighted to report on a period of further advancement for the Group.Operating profit before amortisation of intangible assets acquired and exceptionalitems advanced 12% to £16.2m (2006 £14.5m) after absorbing £1.6m ofcurrency translation effects compared to the equivalent period in 2006.

The results have been driven by robust performances across all of our operations,as the strong growth in many of our businesses and markets outweighed theeffects of currency, raw material cost increases and pockets of market softness.

The advanced engineered products division has seen further growth andencouraging sales performances throughout the period, particularly from ourrecently acquired and increasingly successful seals operations.The conveyorbelting division has balanced growth in the Southern Hemisphere withsomewhat slower sales in the North American mining sector as a consequenceof unseasonably warm weather conditions in the winter months, temporarilyslowing the demand for coal.

See full story on page 5

On May 9th 2007 the Company released its Interim Results to the Stock Exchange and the Interim Report was mailed to Shareholders a week later.On this page we feature the Chairman’s Statement and financial highlights for the half year ended 28th February 2007.

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continued from page 1

CASH RESOURCES AND INVESTMENTAs a result of our ongoing investmentprogrammes and the seasonal first halfabsorption of funds, net borrowingsincreased by £23.3m (2006 £15.8m).Investments during the period included thecontinuing expansion of the Group’s beltingand seals businesses in North America, theSouthern Hemisphere and China giving riseto total capital expenditure of £14.1m(2006 £7.7m) compared to depreciation of£3.9m (2006 £4.0m). Additionally, theGroup invested £8.8m during the period onthe purchase of EGC, a Houston,Texas,USA based manufacturer of fluoroplasticseals and components.This complementsthe already successful advanced sealingtechnologies oil and gas sector businessbased in that location.

DIVIDENDSIn accordance with the Group’s statedpolicy of continuing to improve dividendcover, we are declaring an interim dividendof 2.075p per share (2006 1.975p pershare). As indicated in the Group FinanceDirector’s Review in the 2006 AnnualReport, for comparative purposes aninterim dividend of 2.0p for the previousperiod should be used, therefore theunderlying increase is 4%.

OPERATIONSIn conveyor belting the underlyingperformance of the division has beenencouraging. Headline revenue for theperiod amounted to £123.4m (2006£129.7m), reflecting a £9.0m reductionarising from currency translation principallyfrom the US dollar with contributoryweakness in the Australian and SouthAfrican currencies.The resultant operatingprofit of £7.8m (2006 £8.0m) incorporatesadverse currency translation effects of£1.0m.

The well documented temporary slowdownin demand for energy in the North

American marketplace created a pause inorder flow from our major customers.Theneeds of the market for reliable supplysupported by a full service have providedthe opportunity for us to grow andstrengthen the business in the future. Ourpreviously announced capital investmentprogramme for North America hasadvanced during this period in accordancewith our plans.This will include theexpansion of our steelcord manufacturingoperations during 2008 and thecommissioning of a new, state of the artweaving facility in Georgia. Oncecommissioned, the expansion will increasethe product range capability, and provide amore efficient operation.

The first half has seen an outstandingperformance from the Australian businesseswhere the strength of the service supportteams has produced an excellent resultduring the period.The perseverance anddiligence of our European managementteam in the Netherlands has deliveredproductivity improvements which nowrepresent an extremely firm base from whichto achieve further improvements in the future.Our business development programmes inChina have continued and the underlyingexpansion of this market offers significantopportunity for future growth.

The advanced engineered products divisionhas experienced substantial growth duringthe period, with revenue rising by £9.8m to£62.1m (2006 £52.3m) after adversecurrency movements of £3.3m. Operatingprofit advanced by £1.4m to £7.7m (2006£6.3m) after incurring £0.6m of currencytranslation effects.

The precision businesses have seen furthergrowth in industrial and office equipmentmarkets and have delivered a strong tradingperformance, assisted by the plantextension in North America commissionedduring 2006.The drives businesses havedelivered sound performances against thebackdrop of an unsettled North American

industrial market.The specialist hosebusinesses have benefited from healthymarket conditions in the latter part of 2006.The predicted slowdown in early 2007 didnot materialise following the transition of itsmajor customers’ products to comply withnew emissions regulations.

The advanced sealing technologiesoperations have again outperformedexpectations with commendable tradingperformances arising from the mining, semi-conductor and oil and gas sectors.Theacquisition of EGC, whilst diluting operatingmargins in the short term, presents theopportunity for major growth and sectorpenetration in the future.This complementsour existing well established CDI business inHouston and gives the additional benefit ofsector diversification to balance ourportfolio in this region.

OUTLOOKTrading during the initial months of thesecond half has been good.

In North America, the order flows in ourheavyweight conveyor belting operationsindicate accelerating demand in addition tostrengthening markets for the summermonths. Elsewhere, our belting operationsare experiencing advantageous tradingconditions.This is supported by significantlevels of further investment by our majorcustomers.This provides encouragement forthe medium to longer term.

Attractive market conditions for the sealsbusiness and a combination of efficiencyimprovements and increased outputcapability are expected to lead to the usualsecond half improvement for the advancedengineered products division.

We remain confident of a successfuloutturn for our 2007 trading year and theprospects for medium to longer termgrowth are encouraging.

Colin CookeChairman 9 May 2007

W.L. BLACKBill was a well respectedDirector of Fenner PLC, whoretired from the Board in 1993.

Originally from Scotland, aqualified engineer and studentof social sciences at GlasgowUniversity, excelled in bothfields with Kodak, the GlacierMetal Company and CumminsEngine Company, before joining

Fenner in 1965. His work inManagement relations wasrewarded by a Fennerdirectorship in 1967, and hewas appointed to the HoldingsBoard some four years later.

During his career he also held anumber of non-Fennerpositions associated with HullUniversity as treasurer, a

member of the careers andappointments board and as acouncil member. In recognitionof his work with the Universityhe received the honourarydegree of Doctor of Law in1986.

We extend our deepestsympathy to his family.

It is with regret that we announce the recent death of Dr.W. L. Black on 27th February 2007,at the age of 84.

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To support the significant growth of FennerPrecision, the company recently completeda major expansion of their facility inManheim, Pennsylvania.The company hasseen a 25% growth in the past 12 monthsand continues to expand their workforce.Additional floor space was added toaccommodate a 50% increase in the plant’sproduction capacity.The current buildingwas also upgraded to include a new state-of-the-art conference room, a newlunchroom, employee training area and newsecond-floor offices. “As a result of ourrecent expansion, we’re now able to deliversome of the most competitive lead times in

the industry,” says ErikNadeau, General Managerfor Fenner Precision.

Over 50% of FennerPrecision’s businessinvolves exporting their products from theAmericas overseas to Asia and Europe.Bringing together manufacturing facilitiesand a worldwide sales network under oneglobal representation will, says Tony Watts,Global Marketing Manager for FennerPrecision, “help us to pull together a muchmore focused, global effort and better positionthe company when dealing with multinationalcompanies.”

PACIFIC DESIGN SHOWBack in February this year the newly structured Fenner Precision exhibited at the Pacific DesignShow in Anaheim, California under its new name.

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This was the first opportunity to previewfour new product banners showingManheim and Lincoln belts, pulleys, tyres,and technical coated fabrics.

The Pacific Design Show draws a largeaudience of potential customers and is aconvenient place to meet with MooneyIndustrial.

Mooney Industrial represents FennerPrecision on the West Coast of the USAand all twelve Mooney representatives usedthe occasion to learn more about FennerPrecision’s expanded line of products.

Eric Smith, Sales Manager USA, arranged forKevin Walker, Group Technical Manager, topresent a technical seminar to helpfamiliarise Mooney with the Lincolnproducts. Mike Thompson, ManagingDirector, Ray Rutkowski, Key AccountsManager and Tony Watts, Global MarketingManager, also attended the seminar.

As well as generating sales leads frompotential new customers the show alsoprovided an opportunity for representativesof existing customers including Futurelogicand Zebra Technologies to stop at the boothto discuss new projects and to learn moreabout Fenner Precision’s expanded line ofproducts.

Following the success of the Pacific DesignShow Fenner Precision promoted its newname and new product offering in Europein April at the Hanover, Germany, tradeshow.This will be followed in May with avisit to Asia for a vending show in Shanghai,China.

From its local beginnings in Manheim,Pennsylvania and Lincoln, UK, FennerPrecision has embraced the opportunitiespresented by the rapidly growing globalmarket and is looking forward to all thechallenges ahead.

NCR, the world's largest manufacturer ofATM's, recently announced their intention torelocate their volume production ofdispensers from Dundee in Scotland toPudacherry in India.There are now twofactories in Pudacherry and the latest will befully operational by the end of April, with 350employees working between both factoriesand this number will increase as they increasetheir production to build the 65,000dispensers which are forecast for this year.Fenner Precision supply both stretch bandsand silicone tyres which are used totransport the currency through the dispenseruntil eventually presented to the user.

John Flynn, Northern Sales Manager said"With the formation of Fenner Precision overthe past year, NCR are one of the companieswe have been working closely with, the aimbeing to become a truly global partner.To thisend we are in daily communication with theirmanufacturing plants around the world andwere invited to attend a conference inPudacherry recently during which NCRpresented their vision of Global Supply. As partof our on going customer support programmeSam Skidmore of Customer Services and I willbe making regular visits to the Pudacherryfacility in order to maintain and build on thepartnership"

John Flynn and Sam Skidmore outside the new facility withthe NCR senior management team

ANNOUNCING FENNER PRECISION

PARTNERSHIPCONTINUES

In September of last year, Fenner formally announced the split of thePrecision unit from Fenner Drives, and the creation of a separate company,Fenner Precision. Fenner Drives continues to operate through their Industrialdivision.This need to realign the Precision and Industrial divisions of FennerDrives, was to better focus the efforts behind their timing belt and rollerproducts which fell under the Precision unit.

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The group consists of eight post graduate engineering students and team leader, Miss SofiaTan, who are studying Lean Manufacturing Principles at the school.Their objective is to reviewthe current processes, procedures and machine capabilities involved in planning and controllingthe weaving operation in Atlanta to discover if any of the “lean” principles can be employed.

By partnering with the university, Fenner hopes to tap into the intellectual capitaldeveloping in the academic world and also establish contacts with emerging talent that

can help sustain our growth strategies.

In March this year, Aseem Khanna, SofiaTan and Mohit Goswami were in Atlantato review the data collected and see theprocesses being evaluated.They arepictured here with Mick Smith, MarkWiller, and David Hurd.

MINING FOR INTELLECTUAL CAPITAL The Fenner Dunlop Americas Heavy Weight Belting division has

partnered with a group of students from the University of Missouri– Rolla Campus (formerly known as The Missouri School of Mines).

Fenner Dunlop Americas are to build a new 300,000-square-footmanufacturing plant at Gateway Industrial Park in Hart County,Georgia, USA, which will invest $50 million in the community.

The new Fenner Dunlop plant will replace and expand the company’sexisting operation in DeKalb County. In addition to the investment innew land, construction and equipment, the company will preservemore than 150 jobs and add 30 new jobs over three years.

Commissioner Ken Stewart said. “We are pleased the company haschosen to not only retain jobs, but create new ones that will help HartCounty grow.”

"We believe this is a mutually beneficial investment for both FennerDunlop and Hart County,” said Alex Houston,Vice President ofOperations, Fenner Dunlop Americas. “The knowledge in thecommunity, from the extensive textile base that once existed, containsmany of the same skills necessary to help Fenner Dunlop maintain itsreputation as provider of the highest quality industrial conveyor belts inthe world."

“Growing companies like Fenner Dunlop are the types of businesses werely on to maintain Hart County’s growth,” said Dwayne Dye, Directorof Economic Development, Hart County Industrial Building

Authority. “We look forward topartnering with the company forcontinued growth and prosperity.”

The new facility will provide asignificant upgrade to FennerDunlop’s industrial weavingoperation, which manufacturesthe core component of itsindustrial conveyor products.

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Dave Hurd,President of FennerDunlop Americas,announces therecent appointmentof Jim Gann to theposition of ExecutiveVice President ofBusinessDevelopment.

“He will reportdirectly to me andwill be assisting our

Sales and Marketing teams on a day to daybasis” said Dave. Jim will be based in theCharlotte Red Oak offices but will bespending a considerable amount of time inthe field with our existing and prospectivecustomers.

Jim brings with him over 20 years ofexperience with the former Scandura partof our Company and is very well knownthroughout our distributor and customerbase.

This experience will be invaluable as wegrow our business and open up new areasof opportunities for all Fenner Dunlopproducts.

We welcome Jim to the Fenner Familyand wish him every success in thischallenging role.

NEW FACILITY IN GEORGIAThe proposed new Fenner Dunlop plant

C O N V E Y O R B E L T I N G A M E R I C A S

WELCOME TO JIM GANN

Ground breaking at Gateway Industrial Park

Fenner Dunlop Americas has been awarded a 2-year belting contract with The RogersGroup, a large aggregate company based out of Nashville,Tennessee.Traditionally thisbusiness was split with Goodyear, however, our distributors and the Fenner Dunlop ValueCreation Program have made the difference in gaining this contract in full.We feel that ourValue Creation Program will add revenue streams for the servicing distributors as well asopening the door to UsFlex.

Secondly, we are pleased to announce a contract extension at Lafarge North America, thelargest diversified supplier of construction materials in the US and Canada.The currentcontract will be extended through 2007 with a new contract negotiated and signed for inJanuary 2008.The new contract will be for at least two years with a third possibly added.This is a major positive for Fenner Dunlop and our servicing distributors as we maintainand secure our position as the industry leader in the North American market.

We supply UsFlex, PSR (rubber plied) and RockMaster to both Lafarge North Americaand The Rogers Group.

NEW CONTRACTANNOUNCEMENTS

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David Hurd, President of Fenner DunlopAmericas, welcomed State and Localgovernment officials, Fenner PLC BoardMembers, contractors and plant employeesat the morning groundbreaking ceremonyon April 18th. He stated that many factorsmade Port Clinton the ideal location for theexpansion.

“This is the largest single investment Fennerhas ever made to expand its manufacturingcapabilities in North America”, stated DaveHurd, “We could not have made this happenwithout the support of our employees whowork day in and day out to provide a qualityproduct to our customers.This expansion willsolidify our position worldwide.”

The expansionis estimated togenerate up to 75 new jobs andconstruction on the new building beganimmediately after the groundbreaking with aprojected completion date of May 2008.

Mike Hock, Fenner Dunlop Project Managersaid “The employees have been unbelievablysupportive throughout the preparationprocess.” To ensure that the expansionremains on schedule, Mike Hock willcontinue to work closely with thecontractor and architects.

With future plans to expand in LatinAmerica, Fenner Dunlop will rely on the

new 96 inch belts to service heavyindustrial markets where they will beincreasing their wide steel cord and rubberplied belt business. Major focus will be onthe mining, aggregates, power generationand wood products markets in North andSouth America.

Troy Dolan, President of Fenner DunlopAmericas largest distributor, ConveyorServices, presented David Hurd and ColinCooke, Fenner PLC Chairman, with a multi-million dollar order, of which over halfwas for belting to be manufactured on thenew 96 inch presses.

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PORT CLINTON EXPANDS PLY & STEEL CORD

C O N V E Y O R B E L T I N G A M E R I C A S

Fenner Dunlop Americas broke ground on their new $38 millionexpansion at its Port Clinton, Ohio, conveyor belt manufacturingfacility.The expansion will add nearly 80,000 square feet of plantand manufacturing space to accommodate the acquisition of state-of-the-art machinery and equipment for the production of some ofthe world’s widest steel cord belting product and plied rubberconveyor belting.

Work has begun on the relocation project for EGC,in the Humble district of Houston,Texas, over thecourse of the next year, a totally new manufacturingand office facility will be constructed along side thecurrent CDI site.

The new facility will consist of four new buildingstotalling over 140,000 square feet andincorporating the relocation and remodelling ofthe existing offices on the 16 acre site.

Relocating EGC from their existing manufacturingfacility five miles away will bring together all of theF.A.S.T. companies under one roof.

Completion is expected in March 2008.

F.A.S.T. PROGRESS IN HOUSTON

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EGC LONG SERVICEIn February this year, EGC Plastics in Houston,Texas, held a Service Awards ceremony for thoseemployees who have been with the company for40, 35, 25, 20, 15, 10, and 5 years.

Award recipients were:

40 YEARS: Pictured Gary Henson and Frank Barrientez

35 YEARS: Al Wiggins

25 YEARS: Pictured Bettye Jones,Rogelio Garcia, Carolyn Henderson,and also Dennis Bretherton.

20 YEARS: Pictured Soniel Ramirez,Juanita Rodriguez,Terry Hightower and also Jesus Diaz.

15 YEARS: Pictured Bill Spann, DonnaMercilliott, Oralia Contreras, Leon McAdooand also Cathy Edgington.

10 YEARS: Ernesto Ejercito, Anthony Adams,Kenneth Cooper, Raju Kaladindi and also Tan Pham,Ana Maria Molina,Tam Dang and Joann Precella.

5 YEARS: Alva Richards, Jose Aranda,Steve Phong Duong, Kevin Khanh Duong,Andy Q.Duong, Sean Moore and Albert Rodriguez.

165 YEARS AT HAMPTONHampton celebrates a combined Long Service of 165 years for six employees

Colin Thomas, (25 years) joined the companyin 1981 as a press operator. He then movedout of the press shop and was appointedstores controller in 1985 and he has been ina Production Control role ever since.

Jimmy Jamieson (30 years) joined thecompany in 1976 and works as a RubberExtrusion Chargehand for CDI Polytek. He isalso the elected Shop Steward for theTransport and General Workers Union.

Paul Hockley (25 years) joined the company in1981 and has worked in the Primary ProcessingDepartment since joining the company.

Martin Neal (30 years) joined the company in1976 and has held various positions and nowworks as a Production Control Administratorfor CDI.

Flo Cranston (30 years) joined the company asan accounts clerk and has spent most of thelast 30 years working in this position.

Andie Reeves (25 years) joined the company in1981 and was instrumental in setting up Unit 6for the Rubber Fabric Production Departmentand he is now the Production Manager forCDI.

Pictured left to right are, Simon Davies, Managing Director, S Patel, Colin Thomas, Jimmy Jamieson, Paul Hockley,Martin Neal, David Jones, Divisional Managing Director, Flo Cranston,Andie Reeves, Production Manager CDI Polytek and John Thomalla, HR Manager.

Congratulations to them all, for their hard work and continued support in their individual roles.

HALLITE ITALIA ONCOURSE WITH PISAThe Tuscany Region of the Italian Ministry of Labour, and the Labour office of Livorno Provence,have organised a 600 hour course for base competence in hydraulic components, for 10 graduatesof the Engineering Faculty of Pisa University.

Hallite Italia have been selected to cover the section on the sealing system for the hydraulicand pneumatic cylinder, this included a site visit and test, where the target was to find the rightsealing system in respect of different applications proposed and where the 10 graduates hadthe chance to look directlyat our production line andspeak with our staff.

Presentations shownthroughout the courseincluded sections fromHampton, CDI and EGCPlastics, were all greatlyappreciated.

This occasion offered Hallitethe possibility to collaboratedirectly with the EngineeringFaculty of Pisa University onfuture projects. Stefano Santalena, Managing Director of Hallite Italia pictured on the left

with graduates from Pisa University

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EAGLE FLYS AWAY AFTER 18 YEARSRichard Eagle retired from Fenner Precision in February 2007.

Rich started his career at Fenner in early 1989. He washired to work in the Machine Shop as a Machinist. Heprogressed through other positions including SupportMechanic and Tooling Engineer, where he developed manyof the tooling designs used today. He eventually ended upback in the Machine Shop, but as the Supervisor, where hefinished out his career. On occasion you can still find himat Precision, working part time as an Engineer.

Richard Eagle with hismanager, Glenn Hoover

Two of the longest serving employees of Fenner Drives in Leeds retiredrecently. Mick Rogers and Carol Helly both retired from Leeds production after34 and 33 years service respectively. Both are seen pictured with GeneralManager Dave Fanthorpe at their presentations.

We wish both of them a very long and happy retirement.

MICK & CAROL SAYGOODBYE

CLOSE SHAVEThe staff at Fenner Dunlop Australiashowed their support for the LeukemiaFoundation in their recent “Worlds GreatestShave”, where many of the staff volunteeredto colour their hair or shave their heads inorder to raise much needed funds for thefoundation.

The staff, Australia wide, became involvedby sponsoring the volunteers, and collected$1700. The company also sponsored eachvolunteer and together thecompany and employeescollected $3,335 for theFoundation.

Some of the employees evenhad the company logo onsprayed on their shavedheads!

SAFETY MILESTONEIn March this year, Apex Fenner's Pilbara Operations, Port Hedland surpassed the 1500 LostTime Injuries (LTI) free days milestone.

The achievement, acknowledged with an award presentation at this year’s SalesConference, encompasses the safety results of both the Port Hedland BHP Billiton IronOre onsite team and the inland mechanical services team. "This milestone is a remarkableachievement given the type of work that we do here in the Pilbara and in the conditionsthat we sometimes have to do it," says Arron Mcleod, Apex Fenner's BHPBIO ContractManager. "It is indicative of the attitude in which all of the team approach safety andreflects the culture of safety instilled by both the client and through our own HSEprocedures and training." Arron contributes a large portion of this achievement to W.AMechanical Manager, Leon Durbridge, and the outstanding safety record already in placeprior to the commencement of the BHPBIO contract, he said "The safety systems andprocedures installed by Leon and the L&K team gave us a great foundation on which to buildour own safety culture."

Apex Fenner Port Hedland Team

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The Society originally founded in 1987 byMike Walker, Managing Director of FennerSales & Service, now no longer part of theFenner Group, is for retired Fenneremployees and bowling enthusiasts alike tokeep in touch. Meetings take place two orthree times a year with members comingfrom far and wide.

No one was more anxious for thisparticular meeting to be a success thanLinda Walker, the widow of Mike Walker.Her support was more than just a letter ofgood wishes to the members, and prior tolunch at Pleasington Golf Club, Blackburn,everyone raised a glass to Mike and to thepleasure his idea had brought to so many ofhis former colleagues in their retirement.

Earlier the members had met up forhandshakes and a chat over coffee andbiscuits, followed by the usual bowlingcompetition with the winners being MartinAddinell and Jim Lowry.The popularity ofthese meetings has certainly never waned

over the past 20 years and once again RonStory timed his return from Spain in orderto be with the Old Boys for another fewhours.

Concluding the meeting after a veryenjoyable lunch, secretary Bill Officerannounced that along with Hayden Kenyon

he was planning to arrange another get-together in the Autumn. Beyond that datethe future of FOBBS was a little uncertain.Bill now 85, said “knowing when to give updoing something is never easy, but for methere is just one golden rule, always quit whileyou are ahead.”

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FOBBS CELEBRATES 20 YEARSThe members of the Fenner Old Boys Bowling Society met up again recently in Celebration of the Society’s 20th anniversary.

C O N V E Y O R B E L T I N G E U R O P E

From left to right are, Norman Cooper, Bill Officer, Basil Smith, Jim Lowry, Ron Story, Hayden Kenyon, Bob Bettridge,Tom Jack, Eric Bancroft, Martin Addinell, John McHugh, John Nelson and Jim Kendal.

Colleagues gathered to say farewell to GarethGriffiths after his 31 years with Fenner.

Gareth joined the company in 1975 as amine mechanical engineer, later becomingArea Manager for South Wales he thentravelled for the Export department to SouthAfrica and China. He became the UK SalesManager for Coal in 1998 and finally SalesDirector in 2004.

A keen sailor, Gareth was presented with apair of binoculars for his retirement gift byJohn Pratt who said “he has a huge appetitefor life and has been a great guy to work with,you go with all our best wishes for a long andhappy retirement.”

Ian Mackown retired in April this year, after 47years. Ian and his wife were presented with gifts andcards by Alan D’Arcy and Richard Perry.

Ian started on 15th August 1960 in the Chemicaland Physical Laboratory. In 1968 he became PilotPlant Development Foreman in HainsworthResearch Centre and in 1974 moved to theConveyor Belting Division as ProductionSuperintendent in Textile 2 responsible for Yarnpreparation, Pressing/Coiling and Despatch.

In 1987 he was appointed Field Services Managerrunning the splicing department, supplying beltinstallation and servicing to customers both in theUK and overseas. Ian was Operations Managerwithin Fenner Vulcanisers International from 2001.

MARFLEET MEN SAY FAREWELL ROBINRETIRES

In February this year, RobinCurtis, Global Senior TechnicalAdvisor for Fenner DunlopAmericas, retired after 40 yearsof dedicated service. He hadmany titles and his role with thecompany changed over the yearsbut his major contribution wasthe start up of the Bracebridgeplant in Canada. His technicalknowledge and genuine enthusiasmfor the Fenner Dunlop productline was apparent to all whoknew him and will be greatlymissed. A retirement dinner washeld in his honour.

C O N V E Y O R B E L T I N G A M E R I C A S