06192018Tue
Last updateTue, 19 Jun 2018 2pm

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Gaskets Are Not Created Equal

Gaskets Are Not Created Equal

Gaskets are near the bottom of the food ...

Your Valves May Be Weaponized

Your Valves May Be Weaponized

The advent of the Internet of Things (Io...

Fracturing Technology in the New Age

Fracturing Technology in the New Age

According to a 2014 U.S. Energy Informat...

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Industry Headlines

Metso Receives Major Valve Orders in China

Tuesday, 19 June 2018  |  Chris Guy

Metso has received two valve orders totaling 8,200 valves from major pulp and paper customers in China. The orders are booked in Metso's first quarter...

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Industry Headlines

Metso Receives Major Valve Orders in China

-1 DAYS AGO

Metso has received two valve orders totaling 8,200 valves from major pulp and paper customers in China. The orders are booked in Metso's first quarter 2018 orders received. The total value of the orders and the company names are not being disclosed. Broadly covering China's mid and high-end customers ...

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A-T Controls Names Andy Cheney Southwest Regional Manager

3 DAYS AGO

A-T Controls recently announced the addition of Andy Cheney as the company’s new southwest regional manager, effective immediately.

Cheney’s new role will cover California, South Nevada, Arizona and New Mexico. He has over twenty years in the valve and automation business and is very famil...

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Phillips 66 Plans $1.5 Billion Expansion in Texas

-1 DAYS AGO

Phillips 66 is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (BPD) natural gas liquids (NGL) fractionators in Old Ocean, TX, additional NGL storage capacity, and associated pipeline infrastructure. The project is ex...

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Permian Oil Production to More than Double, Exceed Expectations

4 DAYS AGO

Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 million barrels a day (mbd) by 2023—a level of growth exceeding most recent estimates, says IHS Markit . What the report describes as a “stunning” level of growth will comprise more...

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Consumer Sentiment Climbs to Three-Month High

-1 DAYS AGO

Consumer sentiment rose slightly in early June due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables. The Expectations Index declined to its lowest level since the start of the year due to less f...

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U.S. Manufacturing Output Fell in May

21 HOURS AGO

Industrial production edged down 0.1% in May after rising 0.9% in April. Excluding motor vehicles and parts, factory output moved down 0.2%. The index for mining rose 1.8%, its fourth consecutive month of growth; the output of utilities moved up 1.1%. At 107.3% of its 2012 average, total industrial ...

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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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