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HR Professionals Gather at VMA Workshop

HR Professionals Gather at VMA Workshop

Human resources managers, executives rep...

Valves in a Cement Slurry Line

Valves in a Cement Slurry Line

Basically everywhere you look in modern ...

Triple Offset Butterfly Valves

Triple Offset Butterfly Valves

Since their introduction to the market m...

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Industry Headlines

Manufacturers Expecting Increased Revenues, Employment Growth In 2017

Friday, 09 December 2016  |  Chris Guy

Economic growth in the U.S. will continue in 2017, say the nation’s purchasing and supply management executives in their December 2016 Semiannua...

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Industry Headlines

Siemens Industry Acquiring Mentor Graphics for $4.5 Billion

2 DAYS AGO

Siemens and Mentor Graphics have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. Mentor will then be consolidated into Siemens Industry, according to the Atlanta Business Journal .

Mentor Graphics ...

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GE Oil & Gas Signs Agreement with TAG GmbH

3 DAYS AGO

GE Oil & Gas has signed an agreement with TAG (Trans Austria Gasleitung) GmbH, a pipeline operator with stations across Austria, to install its new Tuning Maintenance Software (TUMAS) across TAG’s fleet of 16 PGT25 gas turbines. This is the first time this solution has been rolled out across...

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‘Buy America’ Debate Holds Up Water Infrastructure Bill

1 DAY AGO

A debate in Congress is taking place over whether to restore a ‘Buy America’ provision in the Water Resources Development Act (WRDA) before a final version is voted on. The ‘Buy America’ rule already passed in the Senate version of the bill. It was then pulled from the compromi...

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New Pipeline Safety Rule Expands Excess Flow Valve Requirements Again

3 DAYS AGO

In October, 2016, The Pipeline and Hazardous Materials Safety Administration (PHMSA) announced a final rule that expands safety requirements for excess flow valves (EFVs) to multi-residential and commercial applications. That version of the rule covered the installation of EFVs in new or replaced se...

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Manufacturers Expecting Increased Revenues, Employment Growth In 2017

21 HOURS AGO

Economic growth in the U.S. will continue in 2017, say the nation’s purchasing and supply management executives in their December 2016 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report on Bu...

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Poll: U.S. Economy to Grow 2.2% in 2017

2 DAYS AGO

National Association for Business Economics’ (NABE) December 2016 Outlook Survey forecasts 2.2% growth in real GDP for 2017. The annualized growth rate forecasted for 2017 inched downward to 2.2% in the current survey from 2.3% in September. Both projections illustrate the panel’s expectat...

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Market Outlook 2012: The Winds of Change

vmfall11_market_outlook

Attendees at this year’s VMA Market Outlook walked into the meeting room with a bit of shell shock. The stock market fluctuated wildly in the days leading up to the Aug. 11-12 event in Boston following weeks of tough U.S. federal budget negotiations and the downgrading of the U.S. credit rating for the first time in history. Sara Johnson, senior research director of IHS Global Insight, called the events “headwinds” blowing against what had been expected. She said the year 2011 had been filled with such unusual occurrences, including the Japanese earthquake/tsunami earlier that year as well as other natural disasters and political upheavals.

But attendees were soon to learn that outlook speakers, while they admitted some figures might need to be adjusted for the remainder of 2011, felt their overall prediction was on track—the valve and actuator industry will see a brighter 2012.

“I hope as you leave here today, you leave uncertainty behind and realize things are not as bad as you may have thought. There is still force in our sails … it just might be time to adjust those sails to the prevailing winds,” Alan Beaulieu, president, Institute for Trend Research, emphasized.

 

Common Themes

It’s a different world: There wasn’t much talk this year about looking to the past to respond to the future. That’s because almost every presenter pointed out that the world and this nation are in a unique economic situation. Most said to expect the rocky stock market in the U.S. to remain volatile and that while the nation is in recovery mode, it’s going to be a long steady climb back to the prosperity we experienced just before the Great Recession.

Shining stars burning brightly: India was ­mentioned by more speakers this year than at any previous workshop. The country began a climb toward prosperity in the 1990s when ­economic reforms went into effect. It did not suffer the consequences of some other nations during the recent economic woes so it is one of today’s ­shining stars. Brazil continues to prosper and was mentioned by many speakers as a good place to do business. China is still a tough ­contender for business, but it has experienced high inflation rates and other challenges that may mean some business returning to U.S. soil.

Renewables are catching hold: This is the first workshop where one session was devoted to renewable energy sources, but it wasn’t just that speaker who explained why. From international reports on global warming to new technologies that make renewables more cost effective to unfavorable attitudes toward coal, speakers gave reasons why wind, solar, biofuels, biomass, hydropower and other new sources of energy are gaining ground.

Shale drilling “rocks”: Any of the speakers who addressed energy, petroleum or related products mentioned the changes in this country that are occurring because of shale drilling both here and in Canada. Gas prices remain low; drilling has increased; more drilling is occurring on-shore; new technologies are increasing outputs; new shale sources are being discovered. All of these shale drilling developments mean less reliance by North America on foreign sources of fuel.

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