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Last updateWed, 22 Nov 2017 2pm

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Unique Operating Dynamics of Trunnion-Mounted Ball Valves

Unique Operating Dynamics of Trunnion-Mounted Ball Valves

For a very long time, the idea has exist...

Adopting the IIoT: Are Results Matching the Hype?

Adopting the IIoT: Are Results Matching the Hype?

Many valve, actuator and control manufac...

Where Valves Are Used: Everywhere!

Where Valves Are Used: Everywhere!

Valves can be found just about anywhere ...

Oxygen Cleaning: A Validated Process is Critical for Safety

Oxygen Cleaning: A Validated Process is Critical for Safety

From time to time, we re-publish well-re...

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Industry Headlines

Conference Board Economic Index Rose in October

Tuesday, 21 November 2017  |  Chris Guy

The Conference Board Leading Economic Index (LEI) for the U.S. increased 1.2% in October to 130.4 (2010 = 100), following a 0.1% increase in September...

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Industry Headlines

VanAire Celebrates Manufacturing with ‘Industry After Hours’

4 DAYS AGO
VanAire Celebrates Manufacturing with ‘Industry After Hours’

On Nov. 8, Delta County, MI K-12 students and parents attended Industry After Hours at VanAire to learn more about the high tech, high skilled manufacturing jobs that are available. Over 276 participants were treated to a fun, entertaining and informative event that exceeded expectations and inspired ...

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Emerson Opens Solutions Center in Singapore

7 DAYS AGO

As part of its drive to make Singapore a hub for the delivery of Industrial Internet of Things (IoT) technologies and services for customers across Asia Pacific, Emerson opened a customer-focused Solutions Center at the regional headquarters of its Automation Solutions business in Singapore. To mark...

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Nebraska Approves Keystone XL Pipeline Route

4 DAYS AGO

By a vote of 3-2, the Nebraska Public Service Commission approved an order giving TransCanada the go ahead to build the Keystone XL Pipeline utilizing the proposed Mainline Alternative Route. This is one of three proposed routes included in the application filed by TransCanada Keystone Pipeline. L.P...

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Energy Outlook Shows a World in Transformation

10 DAYS AGO

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017 . A cleaner and more...

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Conference Board Economic Index Rose in October

3 DAYS AGO

The Conference Board Leading Economic Index (LEI) for the U.S. increased 1.2% in October to 130.4 (2010 = 100), following a 0.1% increase in September, and a 0.4% increase in August.

“The U.S. LEI increased sharply in October, as the impact of the hurricanes dissipated,” said Ataman Ozyildi...

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U.S. Industrial Output Up 0.9% in October

7 DAYS AGO

Industrial production rose 0.9% in October, and manufacturing increased 1.3%. The index for utilities rose 2.0%, but mining output fell 1.3%, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return...

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Flowserve Corporation Reports First Quarter Results

In the Flow Control Division (FCD) of Flowserve bookings for the first quarter of 2012 were $380.1 million, an increase of $2.8 million, up 0.7%, or 2.6% excluding negative currency effects of approximately $7 million. FCD sales for the first quarter of 2012 were $363.9 million, an increase of $26.3 million, up 7.8%, or 10.2% excluding negative currency effects of approximately $8 million.

FCD gross profit for the first quarter of 2012 increased to $127.2 million, up $11.6 million or 10.0%. Gross margin for the first quarter of 2012 increased 80 basis points to 35.0%, which was primarily attributable to favorable product line and maintenance, repair and overhaul mix, improved absorption of fixed manufacturing costs, continued progress on low cost sourcing initiatives and benefits from pricing actions taken in 2011.

FCD operating income for the first quarter of 2012 increased to $55.7 million, up $8.2 million or 17.3%, including negative currency effects of approximately $1 million. The increase was primarily attributable to the increase in gross profit, partially offset by an increase in selling, general & administrative expense (SG&A) due to increased selling expenses in support of increased sales and increased research and development costs. Operating margin increased 120 basis points to 15.3%.

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