Last updateFri, 14 May 2021 4pm

Neles Sets 3D Printing Milestone

Neles has delivered its first valve with a 3D printed valve body for field testing. Except for the body, the valve is a standard T5-series ball valve made of stainless steel. Neles started testing the suitability of 3D printing technologies for metal components years ago and supplied the first valves with non-pressure retaining 3D printed metal components in 2018.

The field tests will provide a lot of valuable information on the feasibility of using 3D printing to produce pressure-retaining parts with significantly quicker delivery times. 3D printing also enables more efficient use of materials and optimized flow paths in noise attenuation trims, delivering superior performance compared to conventionally produced trims. 

Optimation Technology Wins Rochester Technology and Manufacturing Awards

Optimation Technologywon the Manufacturing Innovation award from the Rochester Technology and Manufacturing Awards. Sean DeNeef, an Optimation pipefitter apprentice, won the Apprenticeship of the year award. DeNeef began the program in October 2018. He is a veteran of the United States Army, serving overseas in Afghanistan and Korea as a wheeled vehicle mechanic. He attained an Auto Mechanical Technical Certificate from the Wayne Technical Career Center in High School and has worked as a mechanic in a variety of jobs. DeNeef chose to pursue the NYS sponsored Apprenticeship Program with Optimation to expand his trade knowledge and skills, and to broaden his horizons with a dynamic company that works within a wide variety of industries. 

Setpoint IS Announces Matt Bate as President & CEO

Setpoint Integrated Solutions is pleased to announce that effective May 31, 2021, Matthew Bate, currently CFO, will be promoted to the role of president & CEO. Bate will succeed Jeff Birch, who will transition to managing director, president & CEO of fellow Pon Holdings organization, The Hiller Companies.

Bate is a graduate of Texas A&M, receiving both his Bachelor of Business Administration and Master of Science in Finance from the Mays School of Business. Prior to joining Setpoint as the CFO in 2018, Bate held various leadership roles at PWC, Schlumberger, and Pon. Bate and his wife, Hayley, have two young children, Austin and Reese. 

Velan Names Benoit Alain New CFO

Velan Inc. has appointed Benoit Alain as its new CFO. Beginning May 3, 2021 as special advisor to the CEO, then Alain will undertake his official responsibilities as CFO on June 1, 2021. He will succeed John Ball, who has been effectively carrying out his mandate as interim CFO since last January.

Alain, an international executive, began his career at Raymond Chabot Martin Paré, and progressed to lead finance departments in the manufacturing industry, culminating with senior roles in ArcelorMittal and Cascades. 

Mueller Water Products Reports 2021 Second Quarter Results

Mueller Water Products, Inc. announced that for its fiscal 2021 second quarter ended March 31, 2021, net sales were $267.5 million and net income was $20.9 million. During the 2021 second quarter, the company saw increased net sales 3.8% to $267.5 million as compared with $257.7 million in the prior year quarter.

“Overall, we delivered a solid second quarter performance resulting from our team members’ focus on satisfying increasing demand despite continuing and new external challenges from COVID-19 and inflation, especially material costs. Consolidated net sales exceeded our expectations as we reported a 3.8% increase in the quarter, which sequentially improved 12.7% versus the first quarter of 2021 and compares with a 10.1% increase in net sales in the second quarter of last year. The increase in net sales was 1.5%, excluding the benefit of the elimination of Krausz Industries’ one-month reporting lag which added $6.0 million to Infrastructure net sales,” said Scott Hall, President and CEO of Mueller Water Products. 

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