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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’

2 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

5 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

2 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

8 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

1 DAY 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

5 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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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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