Company Profile | October 27, 2000

Pumpex, Inc.

Pumpex is one of the world's leading manufacturers of submersible pumps. The company has developed its products to meet that strict demands made by customers on the international market. High reliability combined with excellent serviceability results in pumps with unrivaled operating economy.

Pumpex submersible pumps are used for handling both industrial and municipal wastewater. Other major applications include drainage in the building and civil engineering industries, and also in mining and tunnelling. Pumpex is a stable AAA rated (Dun and Bradstreet) company belonging to the Cardo group which has about 9 billion SEK turnover.

Cardo is a public company listed on the Stockholm Stock Exchange.

ENVIRONMENTAL POLICY
Within our area business which includes development, manufacturing, marketing and sales of submersible pumps with accessories the environmental performance will be based on the principles that:

- to actively strive for consideration to be paid to the environment in its activities in order to continual improve environmental compatibility and prevention of pollution,

- to take the environment into consideration in connection with business decisions,

- to apply relevant environment targets, evaluation and follow-up, as use of raw material, products, transport, waste, recycling and consumption of energy,

- to actively improve the knowledge and awareness of environmental matters of employees, customers, collaborative partners and distributors,

- not only aim to meet the minimum requirements of public authorities, but to go further where this is technically feasible and economically reasonable in relation to the environmental benefits,

- to regard active environmental performance as a merit when assessing business partners,

- to provide open and correct environmental information.