Dayton-based Duriron Co . Inc . rose 1 5 / 8 to 29.
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Dayton-based Duriron Co . Inc . rose 1 1 / 4 to 25.
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The company derives its name from a high silicon cast iron alloy, Duriron, which rapidly became an industry standard for handling extremely corrosive materials.
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During the 1920s and 30s, Duriron faced a major readjustment period since denitrating towers used in the war effort were no longer in demand.
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The readjustment included the development of a line of more off the shelf Duriron pumps and valves for use in the broad chemical process industries.
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-- Duriron Co Inc . ( DURI US ) was rated new " market outperform " by analyst Holden Lewis at Rauscher Pierce Refnes.
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Duriron denitrating towers were in high demand during the First World War for safe handling of hot mixtures of nitric and sulfuric acids during the manufacturing of explosives.
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Fluor Daniel International of Houston selected Duriron over three or four competitors to provide the pumps for the $ 1.4 billion complex to be built in Shubai, Kuwait.
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Duriron Co . fell 1 1 / 2 to 27 1 / 2, after the maker of fluid movement and control equipment said May sales fell from a year earlier.
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