ValvTechnologies, Inc. recently achieved NUPIC-approved suppliers list status, upon successful completion of the Nuclear Procurement Issues Committee (NUPIC) audit
at the Houston facility. NUPIC members include all domestic U.S. nuclear utilities as well as several international members.
GE Oil & Gas has been awarded a multi-million-dollar frame agreement by Oil and Natural Gas Corporation Limited (ONGC), India’s largest exploration and production company. Under the
, GE will provide an estimated 55 subsea wellheads (SG5) over next three years for the operator&rsqu...
The Chemical Activity Barometer (CAB) expanded 0.4% in August following an upward revision for July. This marks the barometer’s sixth consecutive monthly gain. Accounting for adjustments, the CAB is up 3.2% over this time last year, the strongest year over year growth since January 2015. All d...
Scientists from ExxonMobil and Georgia Tech have developed a new technology that could significantly reduce the amount of energy and emissions associated with manufacturing plastics. If brought to industrial scale, this
could reduce industry’s global annual carbon dioxide emissions ...
“U.S. productivity unexpectedly declined for a third straight quarter in the three months through June, Labor Department figures showed. On a year-over-year basis, it fell for the first time since 2013,”
But on a more positive note, “the U.S. still blows other natio...
New orders for manufactured durable goods in July increased $9.7 billion or 4.4% to $228.9 billion, the U.S. Commerce Department announced. This increase, up following two consecutive monthly decreases, followed a 4.2% June decrease. Excluding transportation, new orders increased 1.5%. Excluding def...
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.