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Industry Headlines

CIRCOR Announces Availability of Historical Segment Information

31 MINS AGO

CIRCOR International announced the availability of certain historical segment information reflecting its previously announced organizational realignment beginning in the fourth quarter of 2016.

The new “Energy” segment, including the recent acquisition of Critical Flow Solutions, will prima...

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Curtiss-Wright, Clarke Industrial Engineering Sign Licensing Agreement

44 MINS AGO

Clarke Industrial Engineering has entered into a licensing agreement with Curtiss-Wright Corporation, whereby Clarke’s patented and proprietary Shutter Valve technology will be exclusively available to Curtiss-Wright for the worldwide naval defense market, the U.S. maritime homeland security mar...

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New Investments Spur Permian Oil Production Increase

5 HOURS AGO

The Department of Energy (DOE) said on Tuesday that oil production in the Permian Basin could increase by 53,000 bpd by next month. According to the Energy Information Administration (EIA), that is the largest monthly increase in the region in a year.

“The EIA’s first shale oil forecast o...

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Why is Oil & Gas Slow to Adopt Cloud Technology?

1 DAY AGO

“There are endless benefits to implementing a cloud-based system, many of which center around less waste and less hassle, but due to operational characteristics, oil & gas companies stand to benefit more than most.”

“Yet, while being among the sectors that stand to gain most fro...

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Industrial Production Sees Largest Rise in More Than Two Years

5 HOURS AGO

Industrial production rose 0.8% in December, the largest increase since November 2014, after falling 0.7% the previous month. For the fourth quarter as a whole, the index slipped 0.6% at an annual rate.

Manufacturing output moved up 0.2% in December, as an increase in durable manufacturing outweighed d...

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IMF Raises U.S. Economic Growth Forecast

1 DAY AGO

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...

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VanAire Announces Second Quarter Sales

VanAire, Incorporated of Gladstone, MI announces that sales of its engineered Valve Automation Hardware are up 37% for the second quarter of 2012 compared to 2011. The company saw similar results for the product line in the first quarter of the year as well.

"In addition to the great sales results, we are delighted to see that our lead times are decreasing and our on-time delivery is improving" stated Tony Lambert, vice president of the Valve Automation product line. "It shows that we continue to improve even in the face of significant growth challenges."

The over $5.2 million in year-to-date valve automation sales accounts for nearly 82% of the company's total revenue. VanAire experienced growth in its Environmental Solutions and Gladstone Metals product lines as well.

The results from the first half of the year put VanAire on target to meet its sales projections for 2012. The company also achieved ISO 9001:2008 registration in February of 2012 as the result of a two-year quality initiative.

Source: VanAire

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