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TOP OF THE NEWS
Tyco International to Separate into Three Companies
Tyco International’s Board of Directors has approved a plan to separate the company into three independent, publicly traded companies, one of which is Tyco Flow Control, a member of VMA. According to Tyco, the newly created standalone company will be the leading global manufacturer of flow control products. Read more
CONVAL’S CAMSEAL® zero leakage forged ball valves are designed, tested and precision-manufactured for the world's most demanding high-pressure, high-temperature new construction and MRO applications. Available in 1/2” through 4” sizes with top entry, socketweld, buttweld and FNPT ends. Read more
MEMBERS & MANUFACTURING
Cameron to Acquire LeTourneau Technologies
Drilling Systems and Offshore Products
Cameron has agreed to acquire LeTourneau Technologies Drilling Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million. "The addition of LeTourneau’s portfolio of drilling equipment and rig components adds to our existing product offering" and enhances growth possibilities for our drilling systems platform, said Jack Moore, Chairman and CEO of Cameron. Read more
Manufacturer Outlook Still Positive, But Optimism Wanes
Overall manufacturing activity has weakened significantly as the year has progressed, mirroring challenges in the larger macroeconomic environment, according to a NAM/Industry Week survey. Even though nearly two-thirds of manufacturers had a positive outlook on the economy, individuals responding to the survey downgraded their expectations for growth moving forward. Read more
ENERTECH has developed an extended mission model to support nuclear plant cool down during station blackout conditions. Enertech is a business unit of Curtiss Wright Flow Control Company and supplies electrohydraulic, gas spring actuators for safe plant shut-down applications. Read more
NPC Study Urges Prudent N. American Oil, Gas Development
North America’s oil and natural gas resources are more abundant than previously thought and should be prudently developed, the National Petroleum Council recommended in a report submitted to U.S. Secretary of Energy Steven Chu. Read more
New Federal Regulation Draws Protest
A new federal regulation requiring businesses to tell workers they have a right to join unions and discuss working conditions is facing a new legal challenge from a national small business group. Read more
The 54th edition of The CHEM SHOW will offer several new features as it celebrates its 96th year of serving the chemical process industries, Nov. 1-3, 2011, at New York City’s Jacob K. Javits Convention Center. Read more
It’s a Different World, Forecasters Proclaim
As speakers prepared for VMA's Market Outlook Workshop in August of this year, they faced a situation where federal budget battles, a wildly fluctuating stock market, the first-ever downgrading of U.S. credit and other developments had pulled the rug out from under an already sluggish economy. But although the presenters admitted a few predictions may need to be revised, their overall forecast was the same: the valve, actuator and pump market is doing well and poised for a brighter 2012. Look for our expansive 2012 Market Outlook in the fall issue of Valve Magazine (mailing mid-October), and additional content on ValveMagazine.com. Read more
In Our Next Issue
In addition to the 2012 Market Outlook in the upcoming issue of Valve Magazine, look for articles on Pipeline Valves, Actuation in Nuclear Power Plants, Vibration Analysis for Noise Control, Asset Management, Online Valve Communities, Materials Q&A and much more.
Call for Web Columnists
NOW AVAILABLE! PDFs of all Valve Magazines from 2000 to 2010 – more than 40 issues and hundreds of articles – all on one CD, where you can search by article, issue or key words. This CD will make a terrific reference tool for your office. Find it at The VMA Store for just $149 ($119 for VMA/VRC members).
Travels with VMA
Our next stop is The CHEM SHOW at the Javits Center in NYC, where VMA will offer a tutorial called “An Introduction to Valves, Actuators and Controls,” Nov. 1, 1:00 – 3:00 pm. You can sign up for this course (ET-03)--which is part of the AiCHe-planned program--at this link. Course registration fees go up after Sept. 30. There is no charge to enter the exhibit hall. In addition, Valve Magazine, VMA and the Valve Repair Council will be exhibiting at the show in booth #544.
Then it’s on to the huge Power-Gen International, Dec. 13-15, in LasVegas, Nevada. You’ll find VMA at booth #1362, where we invite you to stop by and pick up a copy of the North American Valve Catalog and the latest issue of Valve Magazine.
It’s your new employee’s first day at your company, and he or she knows nothing about valves. What to do? We’ve got just the thing: An Introduction to the Valve Industry, available as a PDF file with more than 100 slides and notes. This affordable product is available in The VMA Store—just $49.90 ($43.90 for VMA/VRC members).
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