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Baton Rouge, Louisiana - Lockwood International

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Answer is C -- The percentage of metal that is used as casting after pouring. The balance is risers which is scrapped and re melted .<br />

LOCKWOOD international<br />

Need-to-know News<br />

Business According to June<br />

Our company is<br />

packed full with<br />

excitement this<br />

year. We are<br />

growing at<br />

lightening speed.<br />

New branches<br />

are opening in<br />

Europe, Singapore,<br />

and the Middle<br />

East. Every branch is<br />

growing and adding<br />

new positions and departments.<br />

One of our most exciting new<br />

June Yonkman,<br />

Vice President ,<br />

Commercial Manager<br />

departments in Corporate Houston is the<br />

Marketing Group. They are very busy<br />

developing a new web site, new<br />

brochures, promotional items, and many<br />

other tools to help promote our company,<br />

people, and products. Take the<br />

opportunity to stop by and meet them<br />

when you get a chance.<br />

Regards,<br />

June Yonkman<br />

Chief Financial Officer<br />

Betty Allen (CFO) took a few precious moments to share her departmental<br />

happenings with us.<br />

All branch acquisitions and renovations require her<br />

involvement and she has been very busy indeed.<br />

In Houston, the Maintenance Department has been<br />

spending time at the new property on Bennington Road<br />

(about 5 miles from Houston Corporate Headquarters). The<br />

facility has about 3,000 sq. ft. of office and over 90,000 in<br />

warehouse space. Renovations will begin shortly and should<br />

be ready for occupancy before year end.<br />

July 15, Building B at Houston Corporate Headquarters<br />

will be completed and ready for occupancy barring delays.<br />

Betty Allen<br />

Chief Financial Officer<br />

Betty is excited about <strong>Lockwood</strong>’s success-past, present and future. She says<br />

its always a good idea to save a nickel or two for a rainy day, but we should all be<br />

proud of what we are growing here at <strong>Lockwood</strong>, and appreciate the success.<br />

T R I V I A<br />

In regards to valve manufacturing, what does “yield rate” mean?<br />

A. The number of valves one rolled coil can produce.<br />

B. The volume of product a particular class (of valve) can control within its<br />

operating specs during pressure drop.<br />

C. The percentage of metal that is used as casting after pouring. The balance is<br />

risers which is scrapped and re melted.<br />

D. Exceeding a materials’ elasticity.<br />

South Africa News: Written by Vince Pittman<br />

<strong>Lockwood</strong> South Africa has been nominated as one of the top emerging<br />

“Broad Based Black Economic Empowerment” (BBBEE) companies of<br />

2008, in the small business sector. The nomination is in recognition of our<br />

participation and excellence in the different pillars of BBBEE. We are<br />

especially proud of our progression and recognition in this area, as it means<br />

that someone in our industry has recognized our efforts. Full credit for this<br />

nomination and our success in Black Economic Employment goes to our<br />

department lead and compliance officer, Kim Paul. Our participation in<br />

BBBEE is important for two reasons: 1) it shows <strong>Lockwood</strong>’s dedication<br />

and willingness to improve the lives of our employees and their<br />

communities, and 2) it is an integral part of the qualification process in<br />

reviewing our ability to participate in Capital Projects. Let’s all give a hand<br />

to Kim and the employees of <strong>Lockwood</strong> South Africa for their efforts and<br />

hard work.<br />

Business Brief:<br />

Proudly, <strong>Lockwood</strong> <strong>International</strong>, Inc. was recently invited to become BBB<br />

accredited in the Greater Houston, TX area. The BBB (Better Business<br />

Bureau) is a U.S. Organization whose purpose is to act as a mutually trusted<br />

intermediary between consumers and businesses to resolve disputes, to<br />

facilitate communication, and to provide information on ethical business<br />

practices. We encourage all branches who are invited to take the time to<br />

complete the application process.<br />

Page 3

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