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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...

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Industry Headlines

Spirax Sarco Supporting the Enbridge Ride to Conquer Cancer

-1 DAYS AGO  |  Chris Guy

Spirax Sarco USA is teaming up with Spirax Sarco Canada for the Enbridge Ride to Conquer Cancer. From June 11-12, 2016, participants will cycle 200 km...

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Industry Headlines

Spirax Sarco Supporting the Enbridge Ride to Conquer Cancer

-1 DAYS AGO

Spirax Sarco USA is teaming up with Spirax Sarco Canada for the Enbridge Ride to Conquer Cancer. From June 11-12, 2016, participants will cycle 200 km with thousands of other men and women throughout the countryside of Ontario, Canada. All net proceeds will benefit Princess Margaret Cancer Centre.

Th...

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Garlock Acquires Rubber Fab Technologies

14 HOURS AGO

Garlock has acquired the business and assets of Rubber Fab Gasket & Molding Inc. through its parent company EnPro Industries.

Rubber Fab, headquartered in Sparta, NJ, is a recognized supplier of high performance sanitary gaskets, hoses and fittings for hygienic process industries such as pharmace...

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Halliburton and Baker Hughes Abandon Proposed Merger Agreement

13 HOURS AGO

Halliburton and Baker Hughes announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016.

“This was an extremely complex, global transaction and, ultimately, a solution could not be found to satisfy the antitrust concerns of regul...

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Energy Sector Weighs on Construction Starts

5 DAYS 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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U.S. Economy Grew 0.5% in First Quarter

18 HOURS AGO

U.S. GDP increased at an annual rate of 0.5% in the first quarter of 2016, according to the advance estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.4%.

The increase in real GDP in the first quarter reflected positive contributions from personal consumpt...

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ISM: Manufacturing Activity Increased in April

1 DAY AGO

Manufacturing expanded in April as the PMI registered 50.8%, a decrease of 1% from the March reading of 51.8%, indicating growth in manufacturing for the second consecutive month, following five consecutive months of contraction in manufacturing.

The Institute of Supply Management (ISM) reports that 15...

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ELFA Survey of Equipment Finance Activity Finds Overall New Business Volume Grew in 2011

New business volume grew 16.5% in the equipment finance industry in 2011, according to the 2012 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association (ELFA). The growth in volume surpassed the 3.9% increase reported for 2010, marking the second year of growth following a 30.3% decline in 2009 and a 2.2% decline in 2008. The SEFA, which is based on responses from 109 ELFA member companies, covers key statistical, financial and operations information for the $628 billion equipment finance industry.

“The equipment finance industry helps a wide range of commercial businesses to acquire the equipment they need to conduct their business operations,” said William G. Sutton, ELFA President and CEO. “The 2012 SEFA data show the equipment finance sector continued to gain momentum as the economy improved in 2011. More recent data collected in 2012 indicate that steady growth is continuing, even amid a slow economic recovery.”

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