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Basics of Elastomeric Seal Design

Basics of Elastomeric Seal Design

Engineers need critical design informati...

Wastewater Treatment

Wastewater Treatment

Society’s desire for a clean envir...

Controlling Our Water Systems, Part II

Controlling Our Water Systems, Part II

To better understand the actuators and c...

Controlling Our Water Systems

Controlling Our Water Systems

Actuators and controls are a critical pr...

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Industry Headlines

Pentair Reports Second Quarter 2016 Results

20 HOURS AGO

Pentair plc announced second quarter 2016 sales of $1.7B. Sales were up 4% compared to sales for the same period last year. Excluding the unfavorable impact of currency translation and the positive contribution from acquisitions, core sales declined 3% in the second quarter . Second quarter 2016 earni...

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ValvTechnologies Names Bryant Holt Industry Director, Fossil Power

1 DAY AGO
ValvTechnologies Names Bryant Holt Industry Director, Fossil Power

ValvTechnologies, Inc. has appointed Bryant Holt as industry director for the company’s fossil power division. Holt will succeed George Stover, who has served in this role since 2014.

Based in Houston, Holt will have global management responsibility for ValvTechnologies’ fossil power group ...

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ExxonMobil Expanding Beaumont, TX Facility

23 HOURS AGO

ExxonMobil has plans to increase production of ultra-low sulfur fuels at its Beaumont, TX refinery by approximately 40,000 barrels per day, representing an investment of approximately $450 million.

Construction is scheduled during the second half of 2016 to install a selective cat naphtha hydrofining u...

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LNG’s Surge from Decade-Low Seen Fizzling as Supply Ramps Up

1 DAY AGO

“LNG’s surge is running out of gas. Liquefied natural gas in Asia, which was in such over-supply that prices in Japan fell to a decade-low in April, has risen by almost half in the past three months as production outages stifled supply, demand rose in places like China and India and a co...

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Second Quarter GDP Grew Only 1.2% in Second Quarter

11 MINS AGO

Real GDP in the U.S. increased at an annual rate of 1.2% in the second quarter of 2016, according to the advance estimate released by the U.S. Department of Commerce. In the first quarter, real GDP increased 0.8%.

The increase in real GDP in the second quarter reflected positive contributions from cons...

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U.S. Durable Goods Orders Down 4% in June

1 DAY AGO

New orders for manufactured durable goods in June decreased $9.3 billion or 4.0% to $219.8 billion, the U.S. Department of Commerce announced. This decrease , down two consecutive months, followed a 2.8% May decrease. Excluding transportation, new orders decreased 0.5%. Excluding defense, new orders d...

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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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