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Food and Beverage Processing

Food and Beverage Processing

When wandering the grocery store aisles,...

Variable Frequency Drives in Electric Actuators

Variable Frequency Drives in Electric Actuators

Electric actuators are vital for operati...

Braided Packing: An Old Technology with a Modern Twist

Braided Packing: An Old Technology with a Modern Twist

Compression packing is the primary metho...

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Industry Headlines

MRC Global Announces First Quarter 2016 Results

1 HOUR AGO  |  Chris Guy

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower ...

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Industry Headlines

MRC Global Announces First Quarter 2016 Results

1 HOUR AGO

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower than the first quarter of 2015 and 19% lower than the fourth quarter of 2015. As compared to last year, reduced customer activity across all segments ...

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CIRCOR Reports First-Quarter 2016 Financial Results

5 HOURS AGO

CIRCOR International announced financial results for the first quarter ended April 3, 2016. In the quarter CIRCOR delivered revenue of $151 million and Adjusted EPS of $0.52.

“CIRCOR delivered solid first-quarter financial results , demonstrating ongoing progress on our margin expansion and simpl...

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Energy Sector Weighs on Construction Starts

4 DAYS AGO

At a seasonally adjusted annual rate of $660.5 billion, new construction starts in March receded 1% from February’s pace, according to Dodge Data & Analytics. Total construction starts had jumped 13% in February, led by a huge gain for the electric utility and gas plant category. The dolla...

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Chevron Investing Billions in The Permian Basin

5 DAYS AGO

At Chevron’s annual security analyst meeting last month, chairman and CEO John Watson said that his company plans on investing billions into oil & gas projects in the Permian Basin.

According to the Hobbs News-Sun , Watson predicted they could be pumping up to 350,000 barrels a day out of West ...

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ISM: Manufacturing Activity Increased in April

1 HOUR AGO

Manufacturing expanded in April as the PMI registered 50.8%, a decrease of 1% from the March reading of 51.8%, indicating growth in manufacturing for the second consecutive month, following five consecutive months of contraction in manufacturing.

The Institute of Supply Management (ISM) reports that 15...

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House Passes Bill To Lower Import Tariffs On Manufacturers

4 DAYS AGO

This week, the House voted 415-2 for the American Manufacturing Competitiveness Act of 2016. The bipartisan, bicameral bill reforms the way Congress considers legislation for suspending tariffs on products not made in the U.S., what some are calling, “manufacturing tax breaks.” The legis...

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Economic Recovery Has Begun, Speakers Say

Most industries looking at 2010 for relief and 2011 for real growth

Washington, DC (Sept. 15, 2009)Although most of the manufacturing and related industries have suffered pain in the last two years, speakers at the recent VMA Market Outlook Workshop had many positive points to make this year.

In fact, if one theme arose from the workshop, it was that recovery is already on its way, though it may take awhile to get back up to speed.

The annual workshop, which was August 12 to 14 in Chicago, is sponsored by the Valve Manufacturers Association, which invited 13 well-known economic experts to gaze into the near- and long-term future of various segments of the valve and actuator industry.

Some of the themes that arose during the event included:

· The  recovery is not likely to be a W-shaped one (with another recession occurring). Instead, it will be "U" shaped; however, the climb back up the other side of the U may take some time—recovery will be gradual.

We will not be impressed with the recovery of 2010, but 2011 will be the good year,” said Alan Beaulieu, economist, Institute for Trend Research.

· Certain segments will do well simply because of pent up demand and expansive need.

For example, in the water/wastewater industry, “One reason the market stays so good is the tremendous backlog of work,” said Tom Decker, vice president, CH2M Hill. Decker predicted about a 4% growth for this year and said the tremendous need for drinking water and for improvements to infrastructure mean even more growth in the years ahead.

Michael A. Schneider, CFA, managing director of Robert W. Baird & Co., Inc., who spoke to attendees about the situation on Wall Street, also pointed out that the power industry is beginning to react to “extremely pent up” demand. “I’m starting to see the dam break on power projects,” Schneider said, and he expects about $13 trillion invested in electricity infrastructure by 2030.

Gary Wolski, vice president of New Building, Nuclear Group, Curtiss-Wright Flow Control Company, said the nation is currently seeing the “perfect storm for nuclear” because of the world’s desire for low carbon footprint, the excellent safety record the industry has experienced and the capability of nuclear to bring economic benefits and employment to communities.

· Portions of U.S. markets and other areas of the world will benefit from stimulus monies.

Farid Abolfathi, managing director, Country Analysis and Forecasting Group, HIS Global Insight, said the world’s economy essentially ended in the second quarter of 2009, and said his optimistic outlook is based partly on massive injections of money governments are pouring into certain segments.

· The lending squeeze is starting to lessen.

Beaulieu pointed out that the nation’s credit system is at normal recessionary levels and predicted that lending will soon open up.

· The slant towards sustainability will remain long after recovery is felt.

Keith Small, senior marketing manager & proposals of Black & Veatch’s Energy business, said renewable energy is the growth market in power today. Small said power companies today have a three-pronged focus on sustainability (economic, environmental, and community benefits) and said this situation has exacerbated the power generator’s conundrum. “It’s not just about adding additional megawatts to the grid, but rather what kind of megawatts and at what cost,” Small said.

Complete coverage of the outlook workshop can be found in Valve Magazine, the voice of the valve and actuator industry at www.valvemagazine.com.

FOR MORE INFORMATION:

Bill Sandler, VMA President (This email address is being protected from spambots. You need JavaScript enabled to view it.), (202.331.8105)

Judy Tibbs, VMA Communications/PR (This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.), (540.785.8901)

ABOUT THE VALVE MANUFACTURERS ASSOCIATION OF AMERICA

Founded in 1938, the Washington, DC-based Valve Manufacturers Association of America (www.vma.org) represents nearly 100 North American manufacturers of valves, actuators and controls. Members account for approximately 80% of total industrial valve shipments out of U.S. and Canadian facilities. The North American valve industry supplies approximately 35% of worldwide valve demand, and VMA member companies employ 20,000 men and women in supporting jobs. VMA is the only organization exclusively serving U.S. and Canadian manufacturers of industrial valves, actuators and controls. Products manufactured by members are used in numerous industries, including: chemical processing; petroleum refining; oil and gas exploration, distribution and transmission; power generation; nuclear power; water/wastewater; commercial construction; and pulp and paper. VMA is also publisher of the quarterly Valve Magazine (www.valvemagazine.com), written for buyers, specifiers, users and distributors of industrial valves, actuators and controls.

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