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Colfax, Allweiler Strengthen Presence in China, India

Maritime Activity Reports, Inc.

November 9, 2005

Allweiler AG has been producing pump parts at its own factory in Wuxi, China since the beginning of October. Starting in 2006, this plant will manufacture complete pumps for the Asian market. Having a production site in China makes it much easier for Allweiler to gain ground in this market. In neighboring India, the company recently purchased pump manufacturer Tushaco Pumps Ltd. Tushaco has been producing various pump types under license from Allweiler for about thirty years.Allweiler sees significant potential for growth in the Chinese market over the next few years, and being able to produce parts or entire pumps at its own Chinese plant will make it much easier to increase sales in that country. That is why Colfax Corporation and Allweiler AG have been working since the end of 2004 to establish their own production site in Chinese Wuxi. This plant has now been brought officially into operation. Starting in 2006, twenty employees will produce primarily Marine pumps for shipyards and ship owners in China and other Asian countries. Besides complete pumps, the plant will also produce replacement parts for systems already installed in China and for complete centrifugal pumps delivered from Germany. The new plant will also take over the important role of training center for sales partners throughout the region. The plant in China will produce only Allweiler pumps according to German quality standards.

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