- 22 May 2007 -

Sundyne and Nikkiso restructure joint venture

Sundyne Corp and Nikkiso Co Ltd have agreed to restructure their long-standing joint venture to market and service pumps and compressors in the Asia Pacific region.

The joint venture company, which replaces the previous 34-year-old Nikkiso-Sundstrand joint venture, will be named Sundyne Nikkiso. It will have exclusive sales and service management responsibility in the Asia Pacific region for Sundyne and Sunflo pump and compressor products manufactured by Sundyne and Nikkiso. Nikkiso will continue to market and sell Sundyne and Sunflo products inside Japan.

Sundyne Nikkiso will continue to be headquartered in Tokyo, Japan, with other offices in Asia.

"The Sundyne Nikkiso joint venture will expand our global reach to make it easier for customers in the hydrocarbon and chemical processing industries to purchase and maintain Sundyne branded pumps and compressors," said Phil Ruffner, president of Sundyne Corp.

www.sundyne.com

www.nikkiso.co.jp

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