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Our industrial grating business, IKG Industries, saw its 2002 market conditions continue to suffer from the ongoing U.S. manufacturing and non-residential construction downturn. Significant steps continue to be taken to further pare 

operating costs in alignment with the current volumes. 

Patterson-Kelley achieved a record year in its hot water boiler line. Performance was led by the all-new Modu- Fire® boiler, a compact copper coil design that 

provides heating and hot water to schools, nursing homes, and other institutions. First year sales greatly exceeded projections. 

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