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Industry Headlines

Velan Announces New Sales Structure

2 DAYS AGO

Velan is re-designing its sales structure to be better aligned with customers’ market approach. This change is intended to focus Velan’s resources on maximizing impact and competitiveness in today’s challenging economy.

Paul Dion has been appointed as vice-president of sales, process ...

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MSS Revises Standards for Instrument Valves, Sealing of Rising Stem Valves

4 DAYS AGO

The Manufacturers Standardization Society (MSS) is pleased to announce the publication of the following revised Standard Practices:

  • MSS SP-99-2016a, Instrument Valves (replaces 2016 edition)
  • MSS SP-105-2016a, Instrument Valves for Code Applications (replaces 2016 edition)
  • MSS SP-120-2017, Flexible Grap...

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Construction Underway on Atlantic Sunrise Pipeline

3 DAYS AGO

Construction is officially underway in Pennsylvania on the greenfield portion of the Atlantic Sunrise pipeline project – an expansion of the existing Transco natural gas pipeline to connect Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S.

Construction broke ground in ...

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EIA Projects 28% Increase in World Energy Use by 2040

4 DAYS AGO

The U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by 28% between 2015 and 2040. Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development (OECD), and especially in countries where d...

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U.S. Manufacturers Seeking More Renewable Energy

3 DAYS AGO

A new report from David Gardiner and Associates finds that 83% of the largest manufacturing companies with a U.S. footprint have established greenhouse gas reduction targets and 25% of manufacturers have established renewable energy targets. The analysis also finds that enabling access to renewable en...

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Harvey Caused Steep Drop in U.S. Industrial Output

6 DAYS AGO

Industrial production declined 0.9% in August following six consecutive monthly gains. Hurricane Harvey is estimated to have reduced the rate of change in total output by roughly 0.75%. The index for manufacturing decreased 0.3%; storm-related effects appear to have reduced the rate of change in facto...

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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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