Flowserve Corporation has appointed David Wilson as president, Industrial Products Division (IPD). Wilson
Tom Pajonas, executive vice president, Global Operations, and interim president, IPD, who announced his year-end retirement plans earlier in the year.
MRC Global (US) Inc. has renewed an Enterprise Framework Agreement with Shell Global Solutions International B.V. Under
, MRC Global will stock and distribute mechanical valves to Shell for its operated upstream, midstream and downstream assets for maintenance, repair and operation (MRO...
Dominion Energy Virginia is moving forward with its plan to study the feasibility of a $2 billion pumped hydroelectric storage facility in the coalfield region of southwest Virginia by conducting in-depth studies of two potential sites. The company currently is
two possible locations for t...
An increasing focus on resiliency and water supply risk is driving investment in water reuse. New capacity additions in the U.S. municipal water sector are forecasted to surpass $21.5 billion from 2017 to 2027, according to a new report from
. At the epicenter of U.S. reuse activity...
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...
Business activity continued to grow strongly in New York State, according to firms responding to the
September 2017 Empire State Manufacturing Survey
. The headline general business conditions index held steady at 24.4. The new orders index rose four points to 24.9 and the shipments index climbed four...
Emerson Process Management sales grew 19%, as global energy investments and backlog conversion related to the Thailand flooding generated robust growth. Underlying sales increased 23% and currency translation deducted 4%, with the U.S. up 29%, Asia up 25%, and Europe up 14%. Project activity in oil and gas, chemical, and power end markets continued at a brisk pace across all product lines. Segment margin of 23.1% increased 270 basis points from the prior year quarter, primarily driven by volume leverage and cost reduction benefits. Recovery of sales delayed by the Thailand flooding progressed as expected, contributing to strong volume leverage. Underlying orders, which exclude currency translation, grew 17% in the quarter, resulting in backlog remaining at a high level, and supporting a favorable outlook in Emerson Process Management for the next several quarters.