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Monitoring Valve Health via the Internet

Monitoring Valve Health via the Internet

Most valve end users are already using s...

Valves in Oxygen Service

Valves in Oxygen Service

In his presentation at VMA’s 2017 ...

Thermal Spray Coating

Thermal Spray Coating

Q: What are the pros and cons of us...

Ball Valve Repair 101

Ball Valve Repair 101

From time to time, we are re-posting wel...

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Industry Headlines

LyondellBasell to Build the World's Largest PO/TBA Plant

Friday, 21 July 2017  |  Chris Guy

LyondellBasell has made the final investment decision to build the world's largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in the ...

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How to Choose the Best Rapid Prototyping Method

How to Choose the Best Rapid Prototyping Method

Tuesday, 18 July 2017  |  Kate Kunkel

As new products are designed, including valve bodies and the parts that comprise the finished valve, prototypes must be created. How that is achieved ...

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Industry Headlines

Badger Alloys Joins VMA as Associate Member

4 DAYS AGO

This week the Valve Manufacturers Association (VMA) welcomes Badger Alloys as an official associate supplier member. This is VMA’s fourth new member in 2017.

Located in the heart of Milwaukee and founded in 1966, Badger Alloys offers single source capabilities for custom castings. The company pou...

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Thermodyn Joins VMA as Associate Member

4 DAYS AGO

This week the Valve Manufacturers Association (VMA) welcomes Thermodyn Corporation as an official associate supplier member. This is VMA's third new member in 2017.

In 1979, Thermodyn began business with the dual purpose of selling A.W. Chesterton products and manufacturing high-temperature elastomers ...

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LyondellBasell to Build the World's Largest PO/TBA Plant

1 DAY AGO

LyondellBasell has made the final investment decision to build the world's largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in the Houston area. The project is estimated to cost approximately $2.4 billion, representing the single-largest capital investment in the company's history...

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EPA Selects Projects for Water Infrastructure Loans

2 DAYS AGO

The EPA is inviting 12 projects in nine states to apply for Water Infrastructure Finance and Innovation Act (WIFIA) loans. These potential applicants were selected from a group of projects that represent large and small communities from across the U.S. that submitted letters of interest to EPA in Ap...

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Leading Economic Indicators Increased in June

1 DAY AGO

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6% in June to 127.8 (2010 = 100), following a 0.2% increase in May, and a 0.2% increase in April.

“The U.S. LEI rose sharply in June, pointing to continued growth in the U.S. economy and perhaps even a moderate improvement...

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U.S. Jobless Claims Fall to Near Five-Month Low

2 DAYS AGO

In the week ending July 15, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 15,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 243,750, a decrease of 2,250 from t...

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Market Outlook 2012: The Winds of Change

vmfall11_market_outlook

Attendees at this year’s VMA Market Outlook walked into the meeting room with a bit of shell shock. The stock market fluctuated wildly in the days leading up to the Aug. 11-12 event in Boston following weeks of tough U.S. federal budget negotiations and the downgrading of the U.S. credit rating for the first time in history. Sara Johnson, senior research director of IHS Global Insight, called the events “headwinds” blowing against what had been expected. She said the year 2011 had been filled with such unusual occurrences, including the Japanese earthquake/tsunami earlier that year as well as other natural disasters and political upheavals.

But attendees were soon to learn that outlook speakers, while they admitted some figures might need to be adjusted for the remainder of 2011, felt their overall prediction was on track—the valve and actuator industry will see a brighter 2012.

“I hope as you leave here today, you leave uncertainty behind and realize things are not as bad as you may have thought. There is still force in our sails … it just might be time to adjust those sails to the prevailing winds,” Alan Beaulieu, president, Institute for Trend Research, emphasized.

 

Common Themes

It’s a different world: There wasn’t much talk this year about looking to the past to respond to the future. That’s because almost every presenter pointed out that the world and this nation are in a unique economic situation. Most said to expect the rocky stock market in the U.S. to remain volatile and that while the nation is in recovery mode, it’s going to be a long steady climb back to the prosperity we experienced just before the Great Recession.

Shining stars burning brightly: India was ­mentioned by more speakers this year than at any previous workshop. The country began a climb toward prosperity in the 1990s when ­economic reforms went into effect. It did not suffer the consequences of some other nations during the recent economic woes so it is one of today’s ­shining stars. Brazil continues to prosper and was mentioned by many speakers as a good place to do business. China is still a tough ­contender for business, but it has experienced high inflation rates and other challenges that may mean some business returning to U.S. soil.

Renewables are catching hold: This is the first workshop where one session was devoted to renewable energy sources, but it wasn’t just that speaker who explained why. From international reports on global warming to new technologies that make renewables more cost effective to unfavorable attitudes toward coal, speakers gave reasons why wind, solar, biofuels, biomass, hydropower and other new sources of energy are gaining ground.

Shale drilling “rocks”: Any of the speakers who addressed energy, petroleum or related products mentioned the changes in this country that are occurring because of shale drilling both here and in Canada. Gas prices remain low; drilling has increased; more drilling is occurring on-shore; new technologies are increasing outputs; new shale sources are being discovered. All of these shale drilling developments mean less reliance by North America on foreign sources of fuel.

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