05042016Wed
Last updateWed, 04 May 2016 7pm

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Spirax Sarco Supporting the Enbridge Ride to Conquer Cancer

Spirax Sarco USA is teaming up with Spirax Sarco Canada for the Enbridge Ride to Conquer Cancer. From June 11-12, 2016, participants will cycle 200 km with thousands of other men and women throughout the countryside of Ontario, Canada. All net proceeds will benefit Princess Margaret Cancer Centre.

The Princess Margaret Cancer Foundation is ranked second globally for cancer research and is the only non-American research facility that is granted research funding from the U.S. National Cancer Institute. It is leading the world in clinical trials.

To donate or request information, visit http://bit.ly/1Uthbbd


Garlock Acquires Rubber Fab Technologies

Garlock has acquired the business and assets of Rubber Fab Gasket & Molding Inc. through its parent company EnPro Industries.

Rubber Fab, headquartered in Sparta, NJ, is a recognized supplier of high performance sanitary gaskets, hoses and fittings for hygienic process industries such as pharmaceutical, bio-processing and food & beverage. The addition of Rubber Fab expands Garlock’s presence and scale in the hygienic market space and complements Garlock’s existing sealing products. 

MRC Global Announces First Quarter 2016 Results

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower than the first quarter of 2015 and 19% lower than the fourth quarter of 2015. As compared to last year, reduced customer activity across all segments and sectors drove the decline as a result of lower oil and natural gas prices.

Net loss attributable to common stockholders for the first quarter of 2016 was $(14) million, or $(0.14) per diluted share, compared to net income attributable to common stockholders of $29 million, or $0.28 per diluted share for the first quarter of 2015. 

CIRCOR Reports First-Quarter 2016 Financial Results

CIRCOR International announced financial results for the first quarter ended April 3, 2016. In the quarter CIRCOR delivered revenue of $151 million and Adjusted EPS of $0.52.

“CIRCOR delivered solid first-quarter financial results, demonstrating ongoing progress on our margin expansion and simplification strategy,” said president & CEO Scott Buckhout. “Despite significant headwinds in our Energy markets, we maintained strong margin performance and delivered year-over-year sales growth in our engineered valve and control valve businesses.”

Metso Opens New Valve Service Center in Poland

Metso is opening a service center in the city of Torun in northern Poland. Services are provided for Metso and third-party field devices, including valves, actuators and smart devices. In addition, the new center provides spare parts as well as a wide range of field support and diagnostic services.

Metso has had a long-term customer relationship with Grupa Lotos, one of the largest oil refineries in Poland. Grupa Lotos has also entrusted its PSA unit valve maintenance to Metso.

Metso's valve technology centers and valve production facilities are located in Finland, the U.S., Germany, China, South Korea, India and Brazil. Metso's flow control services are available from more than 40 service centers worldwide. 

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