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Last updateThu, 21 Aug 2014 4pm

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Emerson Process Management Reports Third Quarter 2014 Results

Emerson Process Management net sales grew 6%, supported by stable and sustained levels of investment in the global energy and chemical industries. Underlying sales increased 2% in the third quarter, reflecting mixed market conditions across regions and continued cautious project execution by customers. Acquisitions added 4%. North America grew 7%, as unconventional oil and gas projects remained robust, and Europe increased 5%, led by strong growth in developing countries. Asia decreased 2%, as softness and difficult comparisons in Australia offset continued strength in China. Segment margin remained solid at 20.4%, declining from the prior year as strategic investments continued to support future profitable growth. Solid near-term growth is expected, supported by strengthening in North America, anticipated recovery in Asia, and record backlog. 

Metso Supplying PETRONAS Modernization Project in Malaysia

Metso has been selected to supply flow control technology to the PETRONAS Gas Berhad's gas processing plant modernization project in Kerteh, Terengganu, Malaysia. The order, which includes over 140 actuated on-off and emergency shutdown (ESD) ball and butterfly valves, will replace the plant's existing equipment.

The order was placed by the Toyo Japan and Toyo Malaysia consortium. Toyo will provide engineering, procurement, construction and commissioning through a turnkey contract to expand the plant life for another 20 years.

The deliveries to the Dew Point Control Unit 2 have been completed and successfully installed. The deliveries to Gas Processing Plant 4 are ongoing. These orders have been included in Metso's third quarter 2013 and second quarter 2014 orders received. 

Teadit North America Moves into New Texas Facilities

Teadit North America has moved into new headquarters in Pasadena, TX. Located at 10545 Red Bluff in the Bayport South Business Park, the new facilities feature a 92,000 sq. ft. production and manufacturing warehouse with a 28-foot clear height, and a 20,000 sq. ft. office with second-story mezzanine. This new building is nearly 70% larger than Teadit’s last Pasadena location.

"We set up the new plant in a manner that materials come in receiving and flow straight through to shipping," Teadit operations director Chris Channell told The Houston Chronicle. "It really improved our workflow." 

Victaulic Receives Five New Type Approvals

Victaulic has received type approvals from American Bureau of Shipping (ABS), Bureau Veritas (BV), Det Norske Veritas (DNV), Korean Register and Lloyd’s Register for Vic-Press, a flame-free press system for joining small-diameter stainless steel pipe. The system is approved for use in class III piping systems for marine and offshore applications. Vic-Press works with Schedule 10S Type 316 stainless steel pipe. 

Metso Automation Receives Patent for Automated Root Cause Analysis

The U.S. Patent office has issued a patent for Automated Determination of Root Cause to Metso Automation USA, Inc. The patent was developed by Metso's ExperTune team, and is used in their PlantTriage Control Loop Monitoring software.

The new automated method determines the most likely root cause using a "big data" technique. First, it gathers real-time data from hundreds or thousands of controllers. Then, it looks at correlations between controllers, and especially at the effect of time-shifting on correlations. Since root causes come usually appear as the first in a series of similar events, the software is able to identify the most likely root cause from this combination of correlation and time shift. 

New Products

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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