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Last updateTue, 28 Mar 2017 8pm

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Valves Help Enable Net-Zero Water Use

Valves Help Enable Net-Zero Water Use

With drought and climate change affecting ...

Valve Selection in Pulp and Paper Operations

Valve Selection in Pulp and Paper Operations

Over the centuries, the pulp and paper i...

How to Improve Control Valve Performance with Positioners

How to Improve Control Valve Performance with Positioners

As the final control element in most pro...

VMA Technical Event: Engineering Valves in the Extreme

VMA Technical Event: Engineering Valves in the Extreme

While much the 2017 VMA Technical Semina...

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Industry Headlines

Colorado Seeing Surge in Oil & Gas Investments

Tuesday, 28 March 2017  |  Chris Guy

“Drilling applications and investments by oil and gas companies are surging in Colorado after crude prices partially rebounded from their collap...

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Industry Headlines

Emerson Opens Second Additive Manufacturing Center

1 DAY AGO

With the goal of spurring innovation to address customers’ engineering design challenges and accelerating speed to market for new, rigorously-tested products, Emerson opened an advanced additive manufacturing center at its Singapore campus. This is Emerson’s second location to have additiv...

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GE Oil & Gas Expands with New Sub Saharan Africa Facility

5 DAYS AGO

GE Oil & Gas opened a new facility in Takoradi Port, Ghana, expanding its global footprint and supporting local investment. The facility, which will be the primary service center for deep-water offshore projects in Ghana, has a 1,600 square meter indoor test area with capability for testing thre...

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Colorado Seeing Surge in Oil & Gas Investments

12 HOURS AGO

“Drilling applications and investments by oil and gas companies are surging in Colorado after crude prices partially rebounded from their collapse in recent years, pushing the industry deeper into residential communities largely unaccustomed to drilling,” the Associated Press is reporting .

&...

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U.S. Specialty Chemicals Markets Accelerated in February

1 DAY AGO

The American Chemistry Council (ACC) reported that U.S. specialty chemicals market volumes rose a strong 0.6% in February. This follows an upwardly revised 0.4% gain in January. Volumes have generally been moving up since May. All changes in the data are reported on a three-month moving average (3MMA)...

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Four Out of Ten Jobs Could be Lost to Automation by 2021

13 HOURS AGO

Automation is the new norm across sectors and will affect the bottom of pyramid so much so that four out of every 10 jobs globally would be lost due to this by 2021, experts say. As automation adoption increases, all high transaction and labor intensive jobs will take a hit. According to PeopleStrong...

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U.S. Durable Goods Orders Rose 1.7% in February

1 DAY AGO

New orders for manufactured durable goods in February increased $3.9 billion or 1.7% to $235.4 billion, the U.S. Department of Commerce announced . This increase, up two consecutive months, followed a 2.3% January increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new or...

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Velan Inc. Reports its Second Quarter 2012/13 Financial Results

Velan Inc. announced its financial results for its second quarter ended August 31, 2012. Net earnings amounted to $3.3 million or $0.15 per share compared to a net loss of $2.1 million or $0.10 per share last year. Excluding currency impacts, Velan would have reported net earnings of $3.5 million or $0.16 per share this year compared to a net loss of $2.0 million or $0.09 per share last year. Further excluding the results of Velan ABV S.p.A., an Italian valve manufacturer acquired in the prior fiscal year, and the effects of purchase price accounting, Velan would have reported net earnings of $4.5 million or $0.21 per share this year compared to a net loss of $0.5 million or $0.02 per share last year.

Net new orders received amounted to $92.4 million, a decrease of $79.7 million or 46.3% compared to last year. Excluding currency impacts, the decrease would have been $80.8 million or 46.9%. Velan ended the quarter with a backlog of $625.9 million, a decrease of $35.9 million since the beginning of the current fiscal year. Excluding currency impacts, the backlog would have decreased by $13.9 million over the same period to $647.9 million.

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