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Last updateTue, 24 Apr 2018 7pm

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The VMA Knowledge Forum, Part One: Technology at the Forefront

The VMA Knowledge Forum, Part One: Technology at the Forefront

The first VMA Valve Industry Knowledge F...

Air Valves in Piping Systems

Air Valves in Piping Systems

Liquid piping systems are prone to colle...

Are Valves from Low-Cost Countries Getting Better?

Are Valves from Low-Cost Countries Getting Better?

The last 25 years have seen standards cr...

Managing the Generation Gap: Much Ado About Nothing?

Managing the Generation Gap: Much Ado About Nothing?

The baby boomer generation was the most ...

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Val-Matic Names Andrew Brudniak Project Manager

2 HOURS AGO
Val-Matic Names Andrew Brudniak Project Manager

After four years with Val-Matic Valve & Mfg. Corp. , Andrew Brudniak was recently promoted to project manager, after having recently held the position of sales engineer for the northeast territory.

Brudniak also has passed the exam for the Project Management Professional (PMP) certification offered...

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Weir Group Plans to Sell Flow Control Division

4 DAYS AGO

The Weir Group’s board of directors will initiate a process to sell the Flow Control division. This process will focus on maximizing value for shareholders, with all options to be considered and no fixed timetable. Proceeds will be used to further reduce leverage and to fund future investment in...

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Shale Boom Creates New Petrochemical Hub

6 HOURS AGO

According to analysts and key figures in the industry, “record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well, as manufacturers will continue to...

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Canada Grants BP Approval to Drill Off Nova Scotia Coast

1 DAY AGO

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has granted an Approval to Drill a Well (ADW) to BP Canada and has authorized the commencement of drilling operations for its Aspy D-11 exploration well. BP Canada’s proposed drilling program was previously subjected to an environmental as...

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IHS Markit U.S. Manufacturing Index Rose in April

7 HOURS AGO

Manufacturers reported the greatest improvement in overall business conditions since September 2014 in April. This was highlighted by the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) rising from 55.6 in March to 56.5.

Stronger growth in new orders drov...

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March Construction Starts Advance 11%

1 DAY AGO

New construction starts in March increased 11% from the previous month to a seasonally adjusted annual rate of $785.2 billion, according to Dodge Data & Analytics. The substantial gain followed modest declines in January (down 2%) and February (down 3%) and brings the pace of total construction s...

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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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