Oil Gas Coal - N/A, N/A, NL
In late 2012 Twin Filter became part of Parker Hannifin Corporation, which has a strong strategic focus on the oil and gas industry; the transaction is beneficial to both parties. Parker Hannifin operates on a global scale through a network of more than 50 customer service centers and has a strong presence in all regions, thus guaranteeing immediate service to our customers all over the world. The addition of Twin Filter to Parker Hannifin's portfolio will make it a global leader in the oil and gas industry. Founded in 1985, Twin Filter designs, engineers and manufactures a full range of filtration equipment and consumables for clients in industries such as the oilfield, chemical, electronic, pharmaceutical, sulphur, amine, food and beverage. Its products are used in over 80 countries. Renowned as a problem solver, Twin Filter supplies filter services and solutions for projects such as completion/gravel pack fluids, workover fluids, water injection, oily water clean-up, waste water treatment, pipeline flushing, produced water treatment and sea water intake filtration. The firm's main market is fluid filtration in the upstream oil and gas industry and it has worked with major oil companies such as Total, GDF Suez, Shell, Wintershall and Statoil With annual sales of approximately $13 billion in fiscal year 2015, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 55,000 people in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 59 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
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