Last updateTue, 16 Jan 2018 4pm


ASCO Valve and Numatics Now Doing Business as ASCO, L.P.

Effective January 1, 2018, ASCO Valve, Inc. and Numatics, Inc. began doing business as ASCO, L.P. This change in legal entities affects neither current channel alignment nor purchasing processes—everything will remain the same, including product authorizations. Within ASCO, a business unit of Emerson, Numatics will remain a product brand. 

Union Tech Names Chris Mayo Director for Global Power

Union Tech recently announced that Chris Mayo has joined the valve sales team as director for global power. He will be primarily responsible for power markets, which include Union Tech’s Z1 Unibody Power Valve amongst other valve products in the Z-Series line.

Mayo is an industry veteran who brings over 20 years of experience with the marketing and sales of metal-seated ball valves. His extensive knowledge of metal-seated ball valves and severe service applications will help Union Tech continue to expand its valve business by addressing the specific needs of end users.   

Velan Reports Third Quarter 2017/18 Financial Results

Velan Inc. announced its financial results for its third quarter ended November 30, 2017. Sales amounted to $87.7 million, an increase of $7.3 million or 9.1% from the prior year.

Net earnings amounted to $0.3 million or $0.02 per share compared to $1.5 million or $0.07 per share last year. After two consecutive quarters of losses, Velan returned to a profitable position in the current quarter due primarily to improved profitability at its French and Italian operations, which offset continued weakness in Velan’s North American operations, where fierce competition and tight market conditions were a drag on its results and margins. 

Emerson Named ‘Industrial IoT Company of the Year’

Emerson has been named the “Industrial IoT Company of the Year” by IoT Breakthrough. The IoT Breakthrough Awards, which received more than 3,000 nominations in 2017, recognize innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial, Smart City technology, Connected Home and others. Selections are made by a judging panel comprised of IoT professionals and experts with hands-on experience within the Internet of Things market, including journalists, analysts and professionals from top startups and Fortune 100 companies. 

Victaulic Building New Manufacturing Facility in Pennsylvania

Victaulic has unveiled a plan to build an additional manufacturing center in Lehigh Valley, PA. The 400,000-square foot facility is the result of increased domestic demand for the company's products. The new facility, expected to break ground later this year and be fully operational in 2019, will be located on 28 acres of land located in Lower Nazareth Township, PA.

In addition to housing the company's current light assembly operation, which has been conducted in partnership with Cast-Pac Inc. for 20 years, the new facility will include several millions of dollars in new equipment to modernize its manufacturing operations. 

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