Pall Corp. Expands in Middle East - Analyst Blog

Pall Corporation (PLL) expanded its activity in Middle East by opening its first office in the region. The company has been in operations since 2003 in the Middle East, a widely expanding market for engineering solutions and products from Pall.

Pall Middle East FZE, the newly opened office, is located in Dubai, UAE. The new centre will provide strategic support to local customers and multinational companies, working in partnership with Pall in the area. There is an urgent requirement amongst the customers in this region for a range of quality, economical, efficient, innovative and environmentally safe products and services. Products from Pall provide solutions to these prerequisites.

The company is focused on making investments in the emerging markets with high-growth opportunities. Pall Corporation enjoys above-average financial returns and reasonable growth prospects due to highly-engineered technology, reliable global distribution, high share in market niches, long and close working histories with customers, few competitors and solid product quality supplemented by technical service.

In the long run, Pall will likely benefit from several secular trends, such as global infrastructure growth, increasing demand for water filtration systems and continued steady growth in the medical and pharmaceutical markets.

Though global recession and consequent drop in industrial manufacturing activity slowly abated during 2010, constrained capital spending still affects the company's long cycled systems business. There also remains possibility for a double-dip recession in the U.S. and other countries around the globe.

Pall Corporation, a New York company incorporated in July 1946, along with its subsidiaries, is a leading supplier of filtration, separation and purification technologies, principally made by the company using its engineering capability and fluid management expertise, proprietary filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from wide variety of liquids and gases.

We currently maintain our Neutral recommendation for the long term on Pall Corporation, with a Zacks #2 Rank (short-term Buy rating) over the next one-to-three months.