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The Challenges of Slurry Valve Packing

The Challenges of Slurry Valve Packing

Because of the difficulties of dealing w...

The Many Layers of Valve Qualification

The Many Layers of Valve Qualification

While there has been much rhetoric from ...

Valves Help Achieve Net-Zero Water Use

Valves Help Achieve Net-Zero Water Use

With drought and climate change affecting ...

Valve Selection in Pulp and Paper Operations

Valve Selection in Pulp and Paper Operations

Over the centuries, the pulp and paper i...

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Industry Headlines

Wolseley Announces Name Change, CEO Succession

Wednesday, 29 March 2017  |  Chris Guy

Wolseley plc is officially changing its name to Ferguson plc, subject to shareholder approval. Ferguson is the most significant brand in the Wolseley ...

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Industry Headlines

Wolseley Announces Name Change, CEO Succession

2 HOURS AGO

Wolseley plc is officially changing its name to Ferguson plc, subject to shareholder approval. Ferguson is the most significant brand in the Wolseley Group of companies and accounts for 84% of the Wolseley Group’s profitability.

The company also announced that CEO Frank Roach will retire on July ...

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Spirax Sarco Employees Build Prosthetic Hands for Children

8 HOURS AGO

Spirax Sarco hosted their annual charity event at the Westin Hotel in Savannah, GA on Saturday, March 11, 2017 where participants built prosthetic hands for children in third-world countries who are missing limbs.

There are 300,000 landmine rated amputees globally and 20% of those are children. Emplo...

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In Blow to Nuclear Industry, Westinghouse Files for Bankruptcy

8 HOURS AGO

“The Westinghouse unit of Japanese technology giant Toshiba plunged into Chapter 11 bankruptcy Wednesday as the Cranberry Township, Pa.-based division faces cost overruns and delays with its U.S. nuclear plant projects,” reports USA Today .

“The company said the bankruptcy does not aff...

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Colorado Seeing Surge in Oil & Gas Investments

1 DAY AGO

“Drilling applications and investments by oil and gas companies are surging in Colorado after crude prices partially rebounded from their collapse in recent years, pushing the industry deeper into residential communities largely unaccustomed to drilling,” the Associated Press is reporting .

&...

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Four Out of Ten Jobs Could be Lost to Automation by 2021

1 DAY AGO

Automation is the new norm across sectors and will affect the bottom of pyramid so much so that four out of every 10 jobs globally would be lost due to this by 2021, experts say. As automation adoption increases, all high transaction and labor intensive jobs will take a hit. According to PeopleStrong...

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U.S. Durable Goods Orders Rose 1.7% in February

2 DAYS AGO

New orders for manufactured durable goods in February increased $3.9 billion or 1.7% to $235.4 billion, the U.S. Department of Commerce announced . This increase, up two consecutive months, followed a 2.3% January increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new or...

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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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