05242016Tue
Last updateTue, 24 May 2016 3pm

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Industry and Regulatory Changes in Offshore Operations

Industry and Regulatory Changes in Offshore Operations

On May 13, 2016, the offshore oil and ga...

Strategies for Successful SIS Valve Diagnostic Implementation

Strategies for Successful SIS Valve Diagnostic Implementation

End users and contractors alike strive t...

Stop Check Valves

Stop Check Valves

Stop check valves are vital to several i...

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Industry Headlines

MRC Global Expands Service to Chemours in the U.S. Gulf Coast

19 HOURS AGO

MRC Global Inc. announced that its subsidiary, MRC Global (US) Inc., has been awarded an agreement to be the primary provider of pipe, valve, fitting (PVF) products and services to all U.S. locations of The Chemours Company. The five-year agreement added the Gulf Coast region and also includes valve a...

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Sunbelt Supply Opens Shanghai Valve and Automation Center

4 DAYS AGO

Sunbelt Supply celebrated the grand opening of its new Valve and Automation Center with an open house on May 12, 2016 in Shanghai, China. The open house welcomed 80 customers and manufacturers. Attendees toured the newly stocked warehouse and automation center .

Sunbelt Supply Shanghai is a joint ventu...

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Gulf Coast Petrochemical Boom Contributing to Global Plastics Glut

-1 DAYS AGO

A surge in new plastics chemical capacity coming from low-cost producers in North America (specifically the U.S. Gulf Coast), the Middle East and China is driving the global market for key plastics polyethylene (PE) and polypropylene (PP) to oversupply, which will pressure margins for producers and ...

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U.S. Chemical Production Stalled in April

22 HOURS AGO

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) was flat in April , following a 0.4% gain in March, and a 0.1% decline in February, as measured on a three-month moving average (3MMA). In April, the Gulf Coast was the only region to post a smal...

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Markit PMI Shows U.S. Manufacturers Stagnating in May

-1 DAYS AGO

The U.S. manufacturing sector crept closer to stagnation in May, with the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) registering only slightly above the neutral 50.0 mark at 50.5. This was down from 50.8 in April and signaled only a marginal improvement...

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Why Innovation is the Key to U.S. Manufacturing Growth

1 DAY AGO

Manufacturing may be facing some headwinds, but it’s undeniably in the midst of a technological renaissance that is transforming the look, systems and processes of the modern factory. Despite the risks — and despite recent history — industrial manufacturing companies cannot afford ...

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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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