Aalberts Industries, parent company of Apollo Valves, has acquired 100% of Shurjoint Piping Products USA, Inc., Haohan Metal (Kunshan) Co. Ltd. and Shurjoint Metals Inc., effective November 29, 2016. The
will be led by Aalberts CEO Glenn L. Mosack and sr. vice president global sales and ma...
Ethanol Greenfield’s Varennes, Quebec site won the 2016 Reliability Program of the Year at the Emerson Global Users Exchange in Austin. The site converts corn into fuel-grade ethanol, distillers grains, carbon dioxide and corn oil.
Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feedstocks, resulting in higher sales, earnings and cash flow,
according to Fitch Ratings
. Market conditions support stable operating profiles for North Am...
BP has sanctioned the Mad Dog Phase 2 project in the U.S., despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. The
$9 billion projec...
Manufacturing expanded in November as the Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI) registered 53.2%, an
increase of 1.3%
from the October reading of 51.9%, indicating growth in manufacturing for the third consecutive month. A reading above 50% indicates that the ma...
The unemployment rate declined 0.3% to 4.6% in November, and total nonfarm payroll employment increased by 178,000, the Department of Labor
today. Employment gains occurred in professional and business services and in health care.
Employment in construction continued on its recent upward trend...
In the week ending July 21, the Department of Labor reports that the advance figure for seasonally adjusted initial claims was 353,000, a decrease of 35,000 from the previous week's revised figure of 388,000. The 4-week moving average was 367,250, a decrease of 8,750 from the previous week's revised average of 376,000.