Several VMA members are among this year’s
Product of the Year finalists. Emerson has products nominated in four different categories, while Siemens has several products nominated in a total of three different categories. Chesterton and Hunt Valve have products up for awards the...
The Manufacturers Standardization Society (MSS) announces that the substantially revised Standard Practice, SP-44-2016, Steel Pipeline Flanges, has
by the American National Standards Institute (ANSI) as a Revised American National Standard (ANS).
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...
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.