07182019Thu
Last updateThu, 18 Jul 2019 4pm

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Weir Valves & Controls USA Completes ISO Audit

Weir Valves & Controls USA Inc. (WVC USA) has completed the audit process and has been recommended for continued certification to ISO 9001:2015 standards. The Quality Policy Manual and all related procedures have been reviewed for compliance and all employees have been trained on the updated manual.

The scope of the WVC USA management system is defined as Design, Manufacture, Assembly, Test, Sales and Service of Valves and Flow Control Equipment. The audit was performed by two auditors from Hartford Steam Boiler Registration Services and took two days to review the manual, procedures and work instructions. The audit plan included a review of sales order entry, purchasing, engineering and manufacturing processes. There was also emphasis on how the company measures overall business performance and customer satisfaction.


Emerson Recognized by American Foundry Society

Emerson has been recognized with the 2019 Plant Engineering Award by the American Foundry Society for its commitment to continuous improvement at its South Milwaukee Foundry. The foundry manufactures electrical fittings, enclosures and other cast products that enable safe, reliable power connections for customers in oil and gas, power, chemical, and construction industries, among others.

The honor recognizes Emerson's innovation and leadership in driving improved workflow by updating the plant's processes and equipment to the very latest industry standards, from melting operations to the coreroom. The award was presented to Emerson at the CastExpo tradeshow in Atlanta.

Emerson to Modernize BASF Chemical Plant

As part of its five-year investment to boost capacity within its global plastics additives business, BASF has awarded Emerson a multi-million-dollar contract to modernize automation software and controllers at its specialty chemical production facility in Lampertheim, Germany. These enhancements will help the world’s largest chemical manufacturer increase production flexibility and enhance operations.

Emerson will also replace an obsolete system controlling the tank farm and distillation columns at the facility, which produces additives that improve characteristics for plastics and coatings.

Crane Co. Attempting to Acquire CIRCOR

Crane Co. has submitted a proposal to the Board of Directors of CIRCOR International, Inc. to acquire CIRCOR for $45 per share in cash. The proposal represents a 47% premium over Monday’s closing price and a 37% and 51% premium over a three- and six-month volume weighted average share price, respectively. This reflects an enterprise value of approximately $1.7 billion at a multiple of approximately 13.5x the last 12-month adjusted EBITDA.

Crane Co. proposed the all-cash transaction to CIRCOR’s President and CEO Scott Buckhout on April 30, 2019, the terms of which were confirmed by a letter to the CIRCOR Board of Directors. On May 13, the CIRCOR Board summarily rejected Crane Co.’s proposal with no offer of discussions or due diligence.

ValvTechnologies Achieves API 641 Certification

ValvTechnologies, Inc. has achieved American Petroleum Institute (API) 641 certification. The API 641 accreditation is one of three prevalent valve standards tests that evaluate fugitive emissions’ performance over an accelerated life cycle. Of the three, the API 641 Standard is the most stringent type test for quarter-turn valves and covers different designs, temperature ratings and sealing components. To pass this critical test, valves must meet the demanding criteria of maximum leakage of 100 parts per million by volume (PPMv), while undergoing 610 cycles of the valve under extreme temperatures.

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