Steven Soderman has joined the leadership team of
as CEO and quality manager. Bill VanDeVusse will continue in his role as president having previously filled the positions of both president and CEO.
Soderman has held key quality positions throughout his career most recently fillin...
Mark Gamber has joined Chromatic Industries as CEO effective April 10, 2017. Wayne Hall will continue in his role as president. Gamber most recently served as vice president of operations at Cameron in its Distributed Valves Group.
ExxonMobil Chemical Company and Saudi Arabia Basic Industries Corp. (SABIC) have selected a site in San Patricio County, TX for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. The
is one of 11 ExxonMobil announced as part of its 10-year, $20 bill...
The visibility into the second leg of U.S. petrochemical expansions is getting clearer, according to ICIS Chemical Business. While many projects were shelved or in doubt amid the crude oil price decline in 2014-2015, the recent relative stability in oil coupled with a renewed sense of optimism on lo...
Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and the end of March, with the pace of expansion equally split between
modest and moderate
. In addition, the pickup was evident to varying degrees across economic sectors.
Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing and trade, according to the IMF’s World Economic Outlook. World growth is expected to rise from 3.1% in 2016 to
3.5% in 2017
and 3.6% in 2018. Stronger activity, expectations of more robust ...
Even with the myriad of obstacles preventing a full scale recovery for the overall U.S. economy, the design and construction industry appears to have reasons to be at least modestly optimistic in the coming months and into next year. A sharp spike in demand for industrial facilities so far this year, along with sustained demand for hotels and retail projects factors into what projects to be a 4.4% rise in spending this year for nonresidential construction projects – up from a projection of a 2.1% increase in the January Consensus Forecast. The American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, also projects a 6.2% increase of spending in 2013.