12052016Mon
Last updateMon, 05 Dec 2016 7pm

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Valves in a Cement Slurry Line

Valves in a Cement Slurry Line

Basically everywhere you look in modern ...

Triple Offset Butterfly Valves

Triple Offset Butterfly Valves

Since their introduction to the market m...

Digital Valve Control Leads to Increased Plant Availability

Digital Valve Control Leads to Increased Plant Availability

Surge is characterized by fast flow reve...

Cast vs. Forged: The Ongoing Debate Takes a New Direction

Cast vs. Forged: The Ongoing Debate Takes a New Direction

In the valve industry, the cast versus f...

The Weekly Report

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Industry Headlines

Fitch: Energy Recovery Should Boost Chemical Companies

Monday, 05 December 2016  |  Chris Guy

Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feed...

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Industry Headlines

VMA Members Among Plant Engineering 2016 Product of the Year Finalists

4 DAYS AGO

Several VMA members are among this year’s Plant Engineering 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...

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MSS Publishes Revised American National Standard for Steel Pipeline Flanges and Receives ANSI Approval

5 DAYS AGO

The Manufacturers Standardization Society (MSS) announces that the substantially revised Standard Practice, SP-44-2016, Steel Pipeline Flanges, has been approved by the American National Standards Institute (ANSI) as a Revised American National Standard (ANS).

The first edition of MSS SP-44 was publish...

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Fitch: Energy Recovery Should Boost Chemical Companies

1 HOUR AGO

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...

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BP Approves $9 Billion Project in Deepwater Gulf of Mexico

4 HOURS AGO

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...

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ISM: U.S. Manufacturing Expands at Best Pace in Five Months

4 HOURS AGO

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...

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U.S. Adds 178,000 Jobs, Unemployment Rate at 4.6%

3 DAYS AGO

The unemployment rate declined 0.3% to 4.6% in November, and total nonfarm payroll employment increased by 178,000, the Department of Labor reported today. Employment gains occurred in professional and business services and in health care.

Employment in construction continued on its recent upward trend...

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Emerson Process Management Reports Third Quarter 2012 Results

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.

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