Latest news with #SmithsGroupplc
Business Insider
05-07-2025
- Business
- Business Insider
Smiths Group plc (SMIN) Receives a Hold from RBC Capital
RBC Capital analyst Mark Fielding maintained a Hold rating on Smiths Group plc yesterday and set a price target of p2,225.00. The company's shares closed yesterday at p2,232.00. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Fielding covers the Industrials sector, focusing on stocks such as Siemens, Melrose, and Smiths Group plc. According to TipRanks, Fielding has an average return of 10.3% and a 65.49% success rate on recommended stocks. Smiths Group plc has an analyst consensus of Moderate Buy, with a price target consensus of p2,373.13. The company has a one-year high of p2,264.00 and a one-year low of p1,514.66. Currently, Smiths Group plc has an average volume of 1.18M.
Korea Herald
17-06-2025
- Business
- Korea Herald
John Crane introduces versatile next-generation Coaxial Seal, engineered for success and efficiency
SLOUGH, England, June 17, 2025 /PRNewswire/ -- John Crane, a global leader in rotating equipment solutions, and a business of Smiths Group plc, today announced the launch of the Type 93AX Coaxial Separation Seal – a next generation dry gas sealing solution engineered to help customers reduce emissions, improve equipment reliability, and lower operational costs. The Type 93AX builds on John Crane's legacy of industrial sealing expertise with a robust, fail-safe design that remains operational even in the event of multiple failure scenarios. Designed based on direct customer feedback, test data indicates the mechanical seal reduces nitrogen consumption by up to 80%, compared to conventional radial separation seals – offering significant efficiency and sustainability benefits. Addressing real industry challenges Research has shown that contamination is a significant contributor to dry gas seal failures, making it one of the leading causes of unscheduled maintenance and equipment downtime. The Type 93AX is engineered to prevent oil ingress from the compressor bearing chamber, minimising this risk and supporting more reliable, continuous operation. According to Deloitte, unplanned downtime costs the global process industries an estimated $50 billion annually, with equipment failure responsible for 42% of that unplanned downtime. In energy and process applications, this can result in losses of up to $42 million per facility per year, on average. The Type 93AX is designed to mitigate both performance and financial risks by extending the reliability of the dry gas seal system and reducing demand on supporting infrastructure such as nitrogen (N 2) generators and air compressors. Three operating scenarios for added resilience The seal supports three operating modes and automatically adapts in failure situations to minimise disruption and contain gas or oil migration: Supporting operational and sustainability goals The Type 93AX helps contribute to sustainability goals through reduced emissions and lower energy usage. By cutting nitrogen use by up to 80%, it decreases demand on N 2 generation systems – a source of both energy consumption and cost. According to the International Energy Agency (IEA), improving industrial efficiency could cut global energy use by 12% by 2040, further underlining the importance of solutions like the Type 93AX. Mike Eason, Chief Technology Officer at John Crane, said: "Our customers told us they wanted a separation seal that increases safety, efficiency, and reliability. The Type 93AX delivers on these priorities. It's designed to keep working in real-world failure conditions to protect their most critical assets, and reduce environmental impact, while driving down OPEX and CAPEX. Eason continued: "The new seal is compatible with John Crane's dry gas seal portfolio and is supported by a global network of over 200 facilities, including manufacturing, sales and services, and 13 global turbo service centres in more than 50 countries. It can be sold as part of a bundled first-fit order or compressor upgrade, or supplied as a stand-alone product to meet customer-specific requirements. About John Crane John Crane is a global leader in mission-critical technologies for the energy and process industries and an innovator in rotating equipment, encompassing mechanical seals, couplings, filtration systems, cutting-edge asset management, and digital diagnostics solutions. Blending a rich legacy of innovation with a commitment to service excellence, we have enabled our customers to operate reliably and sustainably for over a century. While recognising the role of traditional energy, we are pioneering solutions that enable cleaner alternatives, crafting a vision for a sustainable energy future. Our extensive global presence underscores our promise to customers, with over 200 facilities, including manufacturing, sales and service, in more than 50 countries across the globe. With over £1.1 billion in revenue in Fiscal Year 2024, we are an integral pillar of Smiths Group plc, a FTSE 100 listed industrial technology company dedicated to engineering a better future. Visit for more.
Cision Canada
17-06-2025
- Business
- Cision Canada
John Crane introduces versatile next-generation Coaxial Seal, engineered for success and efficiency
New Type 93AX Coaxial Separation Seal reduces nitrogen consumption by up to 80% Designed to maintain seal performance even in the event of multiple failure scenarios Developed to address customers' pain points across the energy and process industries, including oil and gas, power generation and clean energy SLOUGH, England, June 17, 2025 /CNW/ -- John Crane, a global leader in rotating equipment solutions, and a business of Smiths Group plc, today announced the launch of the Type 93AX Coaxial Separation Seal – a next generation dry gas sealing solution engineered to help customers reduce emissions, improve equipment reliability, and lower operational costs. The Type 93AX builds on John Crane's legacy of industrial sealing expertise with a robust, fail-safe design that remains operational even in the event of multiple failure scenarios. Designed based on direct customer feedback, test data indicates the mechanical seal reduces nitrogen consumption by up to 80%, compared to conventional radial separation seals – offering significant efficiency and sustainability benefits. Addressing real industry challenges Research has shown that contamination is a significant contributor to dry gas seal failures, making it one of the leading causes of unscheduled maintenance and equipment downtime. The Type 93AX is engineered to prevent oil ingress from the compressor bearing chamber, minimising this risk and supporting more reliable, continuous operation. According to Deloitte, unplanned downtime costs the global process industries an estimated $50 billion annually, with equipment failure responsible for 42% of that unplanned downtime. In energy and process applications, this can result in losses of up to $42 million per facility per year, on average. The Type 93AX is designed to mitigate both performance and financial risks by extending the reliability of the dry gas seal system and reducing demand on supporting infrastructure such as nitrogen (N 2) generators and air compressors. Three operating scenarios for added resilience The seal supports three operating modes and automatically adapts in failure situations to minimise disruption and contain gas or oil migration: Scenario 1: Standard operation: Non-contacting operation provides positive oil ingress mitigation. Scenario 2: Separation gas loss: Maintains non-contacting operation and oil control even without separation gas. Scenario 3: Dry gas seal failure: Restricts process gas leakage during compressor shutdown (up to 35 bar), while maintaining seal integrity up to 70 bar. Supporting operational and sustainability goals The Type 93AX helps contribute to sustainability goals through reduced emissions and lower energy usage. By cutting nitrogen use by up to 80%, it decreases demand on N 2 generation systems – a source of both energy consumption and cost. According to the International Energy Agency (IEA), improving industrial efficiency could cut global energy use by 12% by 2040, further underlining the importance of solutions like the Type 93AX. Mike Eason, Chief Technology Officer at John Crane, said: "Our customers told us they wanted a separation seal that increases safety, efficiency, and reliability. The Type 93AX delivers on these priorities. It's designed to keep working in real-world failure conditions to protect their most critical assets, and reduce environmental impact, while driving down OPEX and CAPEX. Eason continued: "The new seal is compatible with John Crane's dry gas seal portfolio and is supported by a global network of over 200 facilities, including manufacturing, sales and services, and 13 global turbo service centres in more than 50 countries. It can be sold as part of a bundled first-fit order or compressor upgrade, or supplied as a stand-alone product to meet customer-specific requirements. John Crane is a global leader in mission-critical technologies for the energy and process industries and an innovator in rotating equipment, encompassing mechanical seals, couplings, filtration systems, cutting-edge asset management, and digital diagnostics solutions. Blending a rich legacy of innovation with a commitment to service excellence, we have enabled our customers to operate reliably and sustainably for over a century. While recognising the role of traditional energy, we are pioneering solutions that enable cleaner alternatives, crafting a vision for a sustainable energy future. Our extensive global presence underscores our promise to customers, with over 200 facilities, including manufacturing, sales and service, in more than 50 countries across the globe. With over £1.1 billion in revenue in Fiscal Year 2024, we are an integral pillar of Smiths Group plc, a FTSE 100 listed industrial technology company dedicated to engineering a better future. Visit for more.
Business Insider
23-05-2025
- Business
- Business Insider
Smiths Group plc (SMIN) Gets a Buy from Kepler Capital
In a report released on May 21, Dylan Jones from Kepler Capital maintained a Buy rating on Smiths Group plc (SMIN – Research Report), with a price target of p2,520.00. The company's shares closed yesterday at p2,140.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Jones is ranked #422 out of 9537 analysts. In addition to Kepler Capital , Smiths Group plc also received a Buy from J.P. Morgan's Lushanthan Mahendrarajah in a report issued on May 21. However, on May 20, Jefferies maintained a Hold rating on Smiths Group plc (LSE: SMIN).
Mid East Info
20-03-2025
- Business
- Mid East Info
ohn Crane launches new asset management contracts for Saudi energy growth - Middle East Business News and Information
Saudi Arabia: John Crane, a global leader in mission-critical technologies and services for the energy and process industries, and a business of Smiths Group plc, has secured three recent asset management contracts with major petrochemical companies in Saudi Arabia. This reinforces the company's commitment to supporting industrial and energy growth in the Kingdom, in line with the Saudi Vision 2030. The agreements represent a milestone for John Crane, which has now secured three major asset management contracts in the Kingdom of Saudi Arabia within the past year with a range of petrochemical customers. The first project is divided into two main phases: an asset criticality assessment to identify the impact of potential asset failures on critical site equipment, and the development of a comprehensive maintenance strategy, with failure analysis, preventative and predictive maintenance technologies. The second project consists of four main phases: Establishing an asset registrar to manage and optimise assets; Conducting an asset criticality assessment to identify the impact of potential asset failures on-site equipment; Developing comprehensive maintenance strategies and preventive maintenance tasks; and optimising an existing plant to align it with a further plant under development, as part of expansion efforts. The third project checks over 400,000 critical assets across six customer sites in Saudi Arabia to ensure regulatory compliance with industry safety, environmental and legal requirements. This aligns with the newly introduced Petroleum and Petrochemical law, regulating petroleum and petrochemical operations, in a manner that contributes to economic growth. Goals include improving the efficiency of equipment, reducing risks, ensuring financial accuracy through precise asset valuation, and supporting asset lifecycle decisions. These approaches minimise downtime of plant equipment and increase the life span of industrial seals and associated filtration systems that are critical for John Crane's customers. Hani Attia, General Manager of KSA and Bahrain at John Crane, said: 'John Crane is committed to driving industrial and energy growth across Saudi Arabia and the wider region through our work and capabilities. Our asset management solutions will enhance our customer's operational efficiency and reliability, ensuring long-term success. Our expertise in predictive maintenance and asset management is key to supporting their success. As more clients want to preserve and extend the lifecycle of their crucial plant equipment, we see substantial growth opportunities in the area.' These agreements reinforce John Crane's position in the Kingdom and serve as a valuable local reference in Saudi Arabia, strengthening John Crane's standing in the region. Additionally, the contracts offer an opportunity to expand John Crane's dry gas mechanical seals and wet mechanical seals offerings within major petrochemical companies' operations.
