and the manufacturing operations in Maysville
will
be the TRCM Division of Glenro Inc. Glenro has
manufactured infrared heaters and ovens in New Jersey
since 1958 and
in Paterson since 1979. However as the agreement does not expressly provide for
objective
measurement and verification of the reimbursement, these
costs and expenses, aggregating in excess
of $2 million, are being
charged to operations in fiscal 2005. Excluding
these one-time expenses
, the company would have reported pre-tax
income of in excess of $600,000, a new record level.
Thermodynetics
, Inc.
tracers spectroradiometers
TRCM is now expanding and manufacturing some
of Glenro's infrared heaters and ovens.This category
contains sites related to the manufacture, distribution, and servicing of industrial equipment used
in a variety of heat transfer processes.
Searchers and submitters are therefore advised to look at
the Furnaces_Incinerators_Kilns category and well as this Thermal_Process one to determine where their
interests are likely to be best served.
stulz spectroradiometers
Having
laminated the product on one of our flatbed laminating
machines in the
contract laminating facility insures that the Glenro laminating
machine that the
customer purchases will produce a high quality
laminated product immediately.
Glenro sales consultants
will continue to work from regional sales
offices and the Paterson facility will continue to have
a shop for
fast turnaround on repairs for northeast and southeast customers and
for building developmental
infrared heaters, dryers and ovens. The company
operated for over 100 years in Ripley, Ohio where
it was known as The
Ripley Corporation.deaerators annealing
When used, words such as "believes", "anticipates",
"expects
", "continue", "may", "plan", "predict", "should", "will",
"intends" and similar expressions are intended
to identify
forward-looking statements, but are not the exclusive means of
identifying forward
-looking statements.evaporators ceia
+ MAYSVILLE, Ky. "In fact, we have recently added
high intensity infrared heat
tunnels to our infrared oven line and are
now offering our popular Radround(R) infrared heaters with
the same
rapid response infrared heating elements that we use in our
Radplane(R) infrared heaters
and ovens. Readers are cautioned not to
place undue reliance on these forward-looking statements
, which speak
only as of the date of this report.sumaya vatell
A recent example of TRCM's success was
designing
and manufacturing stainless steel coal chutes to replace old
tile lined coal chutes. Factors that
may
affect such forward-looking statements include, without limitation:
the Company's ability
to successfully and timely develop and finance
new projects, the impact of competition on the Company
's revenues, and
changes in unit prices, supply and demand for the Company's tubing
products.sumaya vulcanizing
TRCM
also offers design capabilities to help
customers who need engineering services as well as contract
manufacturing services. This press
release contains certain forward-looking statements regarding
the
Company, its business prospects and results of operations that are
subject to certain risks
and uncertainties posed by many factors and
events that could cause the Company's actual business
, prospects and
results of operations to differ materially from those that may be
anticipated by
such forward-looking statements.quenching serck
The TRCM division of Glenro will also continue to provide contract
manufacturing of metal fabrications and laser cut parts.
Note: The accompanying Heat_Exchanger
subcategory has its own description.
traco quenching
More recently, TRCM has also been
manufacturing Glenro flatbed
laminating machines.
In announcing the consolidation Gary Van Denend, who has been
President of
Glenro and TRCM said, "As a manufacturer I know the
importance of working with innovative suppliers
who offer goods and
services that enable Glenro to reduce costs, increase efficiencies and
create
new capabilities. Glenro also
offers contract laminating services for making technical textiles and
consolidating nonwovens and is expanding contract laminating services.
The annual examination
of financial records by the Company's
independent public accountants is in progress and we expect
to release
full audited financial results for the year ended March 31, 2005 in
mid to late June
2005. The objective is to heat or cool products as a part of a process application or manufacturing
procedure.
vulcanizing spectroradiometers
" This product line extension
will enable manufacturers of tubing, insulated wire and extruded
profiles to enjoy the benefit of almost instant heat-up and cool-down
that manufacturers who dry
and predry technical textiles and coated
webs enjoy with Glenro's infrared heaters and ovens.
Under
the terms of the long-term supply program the company is
expected to recover these amounts as a component
of the per unit
selling price.
The Company's tubing manufactured by Turbotec is presently used
in
heat pumps as condensers and evaporators in heating, refrigeration,
food processing and air
-conditioning systems; in the biomedical field
(as blood or intravenous fluid heat exchangers); in
heat recovery
units used to heat water with waste heat from air conditioning,
refrigeration systems;
in ice production systems; in laser coolers,
beverage dispensers, food processing systems, chillers
, heat pump
systems and boilers, and modules for use as components in large
condensing or desuperheater
systems; and are generally usable in most
applications where heat transfer is required. The tubing
, when used as
a flexible connector, also facilitates the installation of plumbing
fixtures and
modules. The Company's automotive tubing manufactured by
Vulcan is primarily engineered by automotive
manufacturers with
specifications provided to the Company.sumaya preheaters
quenching stelter
----Glenro Inc. The current
expectation
for the 2006 fiscal year is that the company will again
achieve new record levels of sales and operating
results. Examples include annealing, brazing, hardening, and tempering metal parts, as well as baking
, drying, curing, and bonding materials and products in several different industries.
serck quenching
This consolidation
will give
Glenro the flexibility and capacity to continue to provide innovative
industrial ovens
and dryers that are manufactured in the United States
at competitive costs.6 million in the fiscal
year ended March 31, 2005
reflecting a significant increase in net revenues from the Company's
Turbotec
Products subsidiary and also reflects a full year of
operations of Vulcan Industries, Inc. In August
2003, the Company
acquired Vulcan Industries, a manufacturer of fabricated metal tubing
components
serving principally the automotive, furniture and appliance
industries.
Net income for the fiscal
year ended March 31, 2005 was adversely
impacted by significant product design and development costs
and other
start up expenses at Vulcan associated with a large program to produce
tubular exhaust
components for a major Tier 1 automotive supplier.ceia sumaya
The Company markets its products in the United States
,
Canada and abroad to customers in the space conditioning,
refrigeration, automotive, biomedical
, plumbing, appliance, water
heating and aerospace industries.stulz tigerholm
Annual Sales Sets Record at $24.6 Million;
Program Start Up Costs Impact Earnings
----Sales increased 49%
to a record $24. Readers
are
urged to carefully review and consider the various disclosures
made by the Company in this report
, news releases, and other reports
filed with the Securities and Exchange Commission that attempt
to
advise interested parties of the risks and factors that may affect the
Company's business.
gmf sumaya
Thomas Van Denend, Vice President and Product Manager Lamination said,
"Contract laminating allows
Glenro to process high value added
products for customers until they see fit to do the manufacturing
themselves with one of our flatbed laminating machines. The company is
currently implementing
lean manufacturing techniques, together with
other cost reduction programs, to improve profitability
.spectroradiometers vatell
Business Editors
PATERSON, N.J.
In a sense, it deals with equipment designed
to transfer heat from one medium to another.
taricco serck
For over 45 years Glenro infrared heaters and
ovens
, hot air dryers, thermal oxidizers, flatbed laminating machines,
and most importantly, process heating
engineering have helped
customers reduce energy costs, increase line speeds and productivity,
as
well as develop and make new products."
Glenro has been supplying process heating equipment since
1958.
"We intend on serving the process heating needs of our customers well
into the future,"
said Van Denend.
Business Editors
WINDSOR, Conn.traco stelter
The Company undertakes no
obligation
to revise any forward-looking statements in order to
reflect events or circumstances that may subsequently
arise.
Note: A quite considerable number of furnace type sites are also indexed in a category
of their own, reflecting their application beyond the heat treatment one.
traco rting
Glenro and TRCM Consolidate
Operations
of Paterson, New Jersey and TRCM of Maysville,
Kentucky announced today that Glenro
and TRCM have consolidated
operations effective January 01, 2005. Glenro will
continue to offer
one of the broadest lines of process heating
equipment that includes infrared, convection and conduction
heat
transfer technologies.stulz sterilizing
Considerations regarding Forward-Looking Disclosures.deaerators sumaya
Since 1988
TRCM, a contract manufacturing company, has
manufactured hot air dryers and thermal oxidizers that
Glenro has
sold, designed and engineered. It is anticipated that a sizable
loss will be recorded
for the '05 fiscal year and a profit will be
reported for each of the four quarters of fiscal '06
. is a manufacturer of high performance, high
quality heat exchangers, fabricated metal components
and flexible
connector products for heat transfer, transportation, and plumbing
applications.
spectroradiometers preheaters
Since late 2000 Glenro has been offering flatbed laminating
machines and complete flatbed laminating
production lines."
Glenro's engineering, lab, sales support, marketing, accounting
and human resources
will continue at the current location in Paterson.vulcanizing annealing
The name of the consolidated
entity is Glenro
Inc.
preheaters rting
The new chutes improved the flow of coal dust
to lime purifying furnaces while reducing
time consuming maintenance
and fire hazards.evaporators ceia
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