Journal 12 CoNTENT 54 14 24 56 04 Management report 10 Key figures and financial ratios 12 Financial status 34 30 34 Success depends on product development Looking for blind spots in Toronto 26 54 Saint Petersburg keeps threatening water at bay 56 Will to cooperate pays off 14 Strategic alliance in CleanTech development 18 It's not just a pump – it's an ambition 20 24 26 It adds value to our projects In Dublin, every drop counts Going greener with G-Energy 40 Always within reach around the world 42 New pumps save energy at sea 48 Water is recycled in Fresno 50 52 Stricter environmental demands limit resource waste in China Sustainable solutions for South African farmers 60 The Poul Due Jensen Foundation 2012 64 Board of the Foundation 66 Group management 67 Group Board of Directors 68 Grundfos globally 3
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