02192018Mon
Last updateFri, 16 Feb 2018 8pm

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Putting Servo Valves Back to Work

Putting Servo Valves Back to Work

Industries as varied as paper production...

Corrosion and Fouling: Is There a Solution?

Corrosion and Fouling: Is There a Solution?

According to a 1998 study released by the ...

Valves with All the Trimmings

Valves with All the Trimmings

The term valve trim has been around for ...

VMA Chair Mark Nahorski: Industry Has Many Pathways to Success

VMA Chair Mark Nahorski: Industry Has Many Pathways to Success

Part of the discussion today about what ...

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Industry Headlines

ValvTechnologies ITC 2018 Recap

Friday, 16 February 2018  |  Chris Guy

The biennial ValvTechnologies’ International Technical Conference and Users Group (ITC) was held on February 8-9 in Houston. Seeking to educate,...

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Putting Servo Valves Back to Work

Putting Servo Valves Back to Work

Monday, 12 February 2018  |  Christopher Valiquette

Industries as varied as paper production, steelmaking and power generation rely on servo valves for precise motion control. A servo valve can last wel...

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Industry Headlines

ValvTechnologies ITC 2018 Recap

2 DAYS AGO

The biennial ValvTechnologies’ International Technical Conference and Users Group (ITC) was held on February 8-9 in Houston. Seeking to educate, inspire and engage attendees over a two-day period, the event brought together hundreds of attendees from across the globe to share valuable insight ...

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Matthew Davis Named Field Service Manager at Weir

3 DAYS AGO

Weir Valves & Controls USA (WVC USA) has appointed Matthew Davis to the position of field service manager. In his new role, Davis will be responsible for managing the WVC USA Field Service crew and organizing WVC Service jobs for power plants worldwide.

Davis joins WVC USA with over 20 years of ex...

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TransCanada Turns Attention to Natural Gas System

3 DAYS AGO

TransCanada Corp. will move forward with a $1.9 billion expansion of its NGTL System to connect incremental supply and expand basin export capacity by one billion cubic feet of natural gas per day at the interconnection with its Canadian Mainline. NGTL expects to begin construction in 2019.

The increme...

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U.S. Oil Output Surge Reminiscent of Run-Up to 2014 Dive

4 DAYS AGO

According to the International Energy Agency (IEA), fast rising production in non-OPEC countries, led by the U.S., is likely to grow by more than demand in 2018. For now, the upward momentum that drove the price of Brent crude oil to $70/bbl has stalled; partly due to investors taking profits, but a...

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U.S. Industrial Production Fell 0.1% in January

2 DAYS AGO

Industrial production edged down 0.1% in January following four consecutive monthly increases. At 107.2% of its 2012 average, total industrial production was 3.7% higher in January than it was a year earlier.

Manufacturing output was unchanged in January for a second consecutive month; the index has i...

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U.S Business Inventories Rose 0.4% in December

3 DAYS AGO

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,902.2 billion, up 0.4% from November 2017 and were up 3.2% from December 2016.

A poll of economists “had forecast inventories, a key component of...

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2008 Market Outlook: Another Good Year

But get ready for a down cycle as we near the end of the first decade of the new millenium.

When members of the Valve Manufacturers Association gathered in Coronado Beach, CA in August for the association’s Annual Market Outlook Workshop, they listened intently to forecasts from a bakers’ dozen of economists and industry prognosticators. While much of the news was positive—most of the end-user industries served by VMA members appear to be on track for another healthy year—they also heard words of caution. In more than one instance, presenters mentioned the “R” word (recession), giving attendees plenty of food for thought as they plan beyond 2008. Two other themes echoed by speakers? The ever-dwindling workforce and the need to recognize how the North American valve industry is inextricably intertwined with the rest of the world.

 

A Recession is Coming

Alan Beaulieu, economist for the Institute for Trend Research, had some disquieting news for Outlook attendees: This nation will see a recession in the year 2010.

However, he insisted the news was not necessarily all bad.

The good news is, we have a couple more quarters of prosperity,” he said.

Beaulieu said the economy is running just about where he predicted it would go at last year’s workshop, though he’s lowered the figures somewhat for the rest of 2007 and 2008. By 2009, the economy will start to go weak and by 2010, it will take a dip, he said.

“We have no empirical indications yet, but home prices are just the tip of the iceberg,” Beaulieu said. He expects to see oil prices heating up this winter, edging up above $80/barrel in the first half of next year. He also said wage inflation in many sectors has already started.

And he said the Fed will raise rates by 50 to 75 basis points in early 2008, “which doesn’t sound like much,” but, as a nation that carries a lot of debt, the extra $400 a month per household that would result, for instance, could have a chilling effect.

Also, by 2010 there will be a new president who will be facing a number of problems, many of which are tied to the aging Boomer generation. “Whoever is president will be dealing with Social Security, Medicare, drug programs, all of which are budget busters,” he said.

The need to pay for these and other entitlement programs will mean the U.S. will need to borrow money, which puts the country at a global disadvantage, Beaulieu added.

One advantage this nation does have is its demographics, he said. Unlike some countries, “we’re having kids,” at a rate of about 2.1, which is balancing out retirees. In comparison, Russia, where male life expectancy is only 57, is shrinking and will lose 50 million by 2050, “which is the equivalent of the Bubonic Plague,” Beaulieu pointed out. And India, though it will grow almost as much as the U.S., is dealing with a land mass one-third the size.

The U.S. also has industrial advantages. For example, when comparing U.S. Industrial Production to its Gross Domestic Product, “we spend most of our time in a positive track, and we have been for a long time,” Beaulieu said. Currently, goods and services as a percent of GDP is the highest it’s been since World War II.

“We are a profitable nation and prosperous. We are first in technological readiness, quality of research, productivity, profits,” Beaulieu said.

The U.S. is also first in percentage of total world exports of goods and services with Germany, China and then Japan following next. And though many fear China’s growing strength, Beaulieu noted the country has significant demographic problems because of an aging population and restrictions on family size. It also has 125 million more men than women, which raises fears about violence, and significant pollution problems that are killing hundreds of thousands of people.

“China has been on steroids,” Beaulieu said, “but you don’t fix problems like these overnight.”

Beaulieu had these tidbits of advice:

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