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Industry Headlines

Velan Announces New Sales Structure

3 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

5 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

4 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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Texas Manufacturing Growth Slowed in April

Texas factory activity increased in April, according to the Federal Reserve Bank of Dallas. The production index, a key measure of state manufacturing conditions, fell from 11.1 to 5.6, suggesting growth continued but at a slower pace than last month.

Other measures of current manufacturing conditions stagnated in April. The capacity utilization index came in at 1.4, down markedly from 12.3 in March, with one-quarter of respondents noting decreases. Shipment volumes were flat in April after increasing for the previous three months; the shipments index fell from 8.6 to -0.8. The new orders index posted a near-zero reading for the second consecutive month.

Perceptions of broader economic conditions worsened in April. The general business activity index turned negative after three months of positive readings, falling from 10.8 to -3.4. Thirteen percent of firms noted improvement in the level of business activity, while 16 percent noted a worsening. The company outlook index also fell into negative territory, slipping to -4.5 after a reading of 9.5 last month.

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