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Basics of Elastomeric Seal Design

Basics of Elastomeric Seal Design

Engineers need critical design informati...

Wastewater Treatment

Wastewater Treatment

Society’s desire for a clean envir...

Controlling Our Water Systems, Part II

Controlling Our Water Systems, Part II

To better understand the actuators and c...

Controlling Our Water Systems

Controlling Our Water Systems

Actuators and controls are a critical pr...

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Industry Headlines

ExxonMobil Expanding Beaumont, TX Facility

Thursday, 28 July 2016  |  Chris Guy

ExxonMobil has plans to increase production of ultra-low sulfur fuels at its Beaumont, TX refinery by approximately 40,000 barrels per day, representi...

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Industry Headlines

ValvTechnologies Names Bryant Holt Industry Director, Fossil Power

15 HOURS AGO
ValvTechnologies Names Bryant Holt Industry Director, Fossil Power

ValvTechnologies, Inc. has appointed Bryant Holt as industry director for the company’s fossil power division. Holt will succeed George Stover, who has served in this role since 2014.

Based in Houston, Holt will have global management responsibility for ValvTechnologies’ fossil power group ...

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Crane Co. Reports Second Quarter 2016 Results

1 DAY AGO

Crane Co. reported second quarter 2016 GAAP earnings of $1.15 per diluted share, compared to $0.95 per share in the second quarter of 2015. Excluding Special Items, second quarter 2016 earnings per diluted share were $1.21, compared to $1.06 per share in the second quarter of 2015.

Second quarter 2016 ...

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ExxonMobil Expanding Beaumont, TX Facility

-1 DAYS AGO

ExxonMobil has plans to increase production of ultra-low sulfur fuels at its Beaumont, TX refinery by approximately 40,000 barrels per day, representing an investment of approximately $450 million.

Construction is scheduled during the second half of 2016 to install a selective cat naphtha hydrofining u...

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LNG’s Surge from Decade-Low Seen Fizzling as Supply Ramps Up

18 HOURS AGO

“LNG’s surge is running out of gas. Liquefied natural gas in Asia, which was in such over-supply that prices in Japan fell to a decade-low in April, has risen by almost half in the past three months as production outages stifled supply, demand rose in places like China and India and a co...

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U.S. Durable Goods Orders Down 4% in June

19 HOURS AGO

New orders for manufactured durable goods in June decreased $9.3 billion or 4.0% to $219.8 billion, the U.S. Department of Commerce announced. This decrease , down two consecutive months, followed a 2.8% May decrease. Excluding transportation, new orders decreased 0.5%. Excluding defense, new orders d...

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Sharpest Rise in U.S. Manufacturing Production Since November

2 DAYS AGO

July data signaled a further rebound in business conditions across the U.S. manufacturing sector, led by a robust expansion of incoming new work and the fastest upturn in production volumes for eight months. Job creation also strengthened in July, with the latest increase in payroll numbers the fast...

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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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