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Last updateFri, 29 Apr 2016 5pm

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Food and Beverage Processing

Food and Beverage Processing

When wandering the grocery store aisles,...

Variable Frequency Drives in Electric Actuators

Variable Frequency Drives in Electric Actuators

Electric actuators are vital for operati...

Braided Packing: An Old Technology with a Modern Twist

Braided Packing: An Old Technology with a Modern Twist

Compression packing is the primary metho...

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Industry Headlines

Rotork Acquires Mastergear from Regal Beloit

6 HOURS AGO  |  Chris Guy

Rotork has acquired the entirety of Mastergear’s business and assets from Regal Beloit Corporation for $25 million on a cash-free and debt-free ...

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Industry Headlines

Rotork Acquires Mastergear from Regal Beloit

6 HOURS AGO

Rotork has acquired the entirety of Mastergear’s business and assets from Regal Beloit Corporation for $25 million on a cash-free and debt-free basis and a value of inventory that will be finalized at the end of a transition service agreement.

Mastergear will become part of Rotork's Gears divis...

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Emerson Opens New Helix Innovation Center

1 DAY AGO

Emerson announced the launch of its “Helix” initiative, including the opening of The Helix innovation center, an industry-first, $35 million hub dedicated to advancing research and education for the global heating, ventilation, air conditioning and refrigeration (HVACR) industry. The new ...

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Energy Sector Weighs on Construction Starts

1 DAY AGO

At a seasonally adjusted annual rate of $660.5 billion, new construction starts in March receded 1% from February’s pace, according to Dodge Data & Analytics. Total construction starts had jumped 13% in February, led by a huge gain for the electric utility and gas plant category. The dolla...

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Chevron Investing Billions in The Permian Basin

2 DAYS AGO

At Chevron’s annual security analyst meeting last month, chairman and CEO John Watson said that his company plans on investing billions into oil & gas projects in the Permian Basin.

According to the Hobbs News-Sun , Watson predicted they could be pumping up to 350,000 barrels a day out of West ...

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House Passes Bill To Lower Import Tariffs On Manufacturers

1 DAY AGO

This week, the House voted 415-2 for the American Manufacturing Competitiveness Act of 2016. The bipartisan, bicameral bill reforms the way Congress considers legislation for suspending tariffs on products not made in the U.S., what some are calling, “manufacturing tax breaks.” The legis...

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Texas Manufacturing Index Shrinks More Than Forecast

3 DAYS AGO

Texas factory activity increased for a second month in a row in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 3.3 to 5.8, suggesting a slight pickup in output growth.

Perce...

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Reed Construction Data Highlights New Developments in Commercial Construction

Nonresidential construction spending fell 0.7% from June to $298.8 billion, while year-to-date nonresidential construction spending was up 8.4% from the same period for 2011 notes Reed Construction Data U.S. chief economist Bernard M. Markstein. June numbers were revised down $1.3 billion. As a result, instead of rising 0.3% as was originally reported, June spending declined 0.1%. July construction spending increased 0.2% for office, 0.4% for health care, and 0.7% for public safety.

Manufacturing construction spending fell 2.2% in July after having increased the previous five months. Despite July’s drop, year-to-date spending was up 31.7% over the same period last year.

July heavy engineering construction spending slumped 0.6% from June to $264.3 billion, while year-to-date spending rose 10.7% from the same period in 2011. June’s spending was revised down $2.0 billion. Thus, June’s decline was revised down from the previously reported 0.2% to a 1.1% fall. Transportation spending, which jumped 1.3%, was the only major heavy engineering area to advance in July.

Private construction spending decreased $6.9 billion in July, a 1.2% drop from June. However, this was only its second time private spending has fallen over the previous 12 months. On a year-to-date basis, private spending advance 15.8% from the same period in 2011.

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