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The feature that sets the MLT3060 light tower apart from its brethren is its size. Although smaller, Roberts said the MLT3060 maintains the same structural integrity of its full-sized counterparts by incorporating a structural steel tubular frame. At 48 in. wide, Roberts explained that as many as 12 MLT3060 towers can be stacked side-by-side on a flatbed truck, as opposed to eight MLT4060s, which are 16 in. wider, or even fewer MLT5060s, which am 33 in. wider. The MLT3060 tower also weighs 230 lb. less than the 185fl lb. MLT4060 and 425 lb. less than the 2045 lb. MLT- 5060. With the outriggers extended, the MLT3060 light tower is 98 in. wide, which still offers an extremely stable unit in winds in excess of 65 mph. To counter declining profits, Air Products will implement a global cost reduction plan to reduce capacity and costs. "First, we have shut down or will divest several underutilized facilities within our gases and chemicals segments," says chairman and CEO John P. Jones. "Second, we are implementing cost reductions to improve productivity, including balancing engineering resources with project remote activity. And third, we are reducing the number of management positions in the company to streamline our structure. Collectively, these actions will result in the elimination of 461 positions worldwide." The program is aimed at saving $38 million in fiscal 2004.As part of the restructuring, Air Products will shut down two liquid oxygen/liquid nitrogen plants at undisclosed locations. The company is also actively seeking a buyer for its $65 million to $70 million European control methylamines business and is setting up its US methylamines business for divesture, having already closed its methanol and ammonia plant in Pensacola, Fla., notes Bane of America Securities analyst Mark Gulley.
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