Markets and trends - Smiths Group plc

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Markets and trends

Recognised globally across process industry sectors, John Crane provides missioncritical technologies that drive reliability improvements and sustain the effective operation of customers’ rotating equipment and other machinery. Our comprehensive product portfolio includes mechanical seals, seal support systems, engineered bearings, power transmission couplings and specialised filtration systems. These technologies are supported by the industry’s largest global sales and service network that provides performance-enhancing services utilising expertise developed from decades of technology leadership coupled with proven field experience.

John Crane’s primary end user vertical of oil and gas has experienced the most severe market downturn seen in the past 30 years, with significant cuts or delays to investment in large projects in the sector, resulting in a large volume impact on our original equipment business. While we believe the oil and gas market will remain challenging in the near-term, we maintain our belief that this sector is attractive in the long-term. Megatrends such as the global demand for energy, an increasing desire for national energy independence, and more stringent environmental and safety requirements will continue to generate demand for John Crane products. John Crane also has a significant presence in non-oil and gas process industry verticals such as chemical, power generation, and general industries, and we expect these verticals will continueto grow in the near-term.

Nearly 60% of John Crane’s sales stem from the aftermarket servicing and support of existing installed equipment, which has proven to be resilient during the oil and gas downturn. John Crane’s global network is a key asset that allows for quick-response and effective aftermarket service close to customers’ operations. These facilities provide a range of value-added services including repair and refurbishment, rootcause analysis, alignment and condition monitoring, all designed to improve the performance of customers’ rotating equipment and to reduce operational downtime. The geographic footprint continues to expand through opening additional service centres in key markets, in support of our growth strategy in selected high-growth markets.







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Smiths Group divisions:

John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, Flex-Tek

Smiths Group plc:
Registered office 4th Floor, 11-12 St James’s Square, London, SW1Y 4LB
Incorporated in England No. 137013
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