Introduction
Howden is a world-leading international applications engineer.
It designs, manufactures, installs and maintains air and gas handling equipment for use in the power, oil and gas, petrochemical and other industries.
Howden’s core products include centrifugal and axial fans, air and gas rotary preheaters and compressors. Howden’s fans and heaters are integral parts of the coal-fired boiler and emission control systems used by the power industry. Howden also makes significant sales to the oil and gas, mining, iron and steel and other process industries.
Howden’s sales are split broadly equally between the developed economies of Europe and North America, and emerging economies, in particular China, the rest of Asia and South Africa.
Howden derives approximately one-quarter of its revenues through aftermarket sales, which benefit from its extensive installed product base.
As Howden has increasingly concentrated on the higher value-added parts of its activities, the manufacture of non-performance critical components has increasingly been outsourced to sub-contractors in low cost locations.
Howden’s strategy envisages increased sales to the power and oil and gas industries, where Howden has an established presence and the long term dynamics remain extremely positive, and to other industries where Howden’s applications engineering expertise offers significant opportunities. Aftermarket sales are expected to increase reflecting recent sales of new equipment.
