Last updateThu, 20 Sep 2018 3pm


Wolseley Industrial Group Acquires Action Automation

Wolseley Industrial Group acquired Action Automation, an automation business headquartered in Alsip, IL, on August 20, 2018. The company will operate as Action Automation, a Wolseley Industrial Group company.

Founded in 1997, Action Automation specializes in providing actuators, actuated valves and repair solutions and is an authorized stocking distributor of Limitorque (Flowserve) actuators and parts for four states in the Midwest. 

Weir Signs Two Multi-Year Oil Contracts

Weir has signed multi-year contracts in Iraq with two international oil companies totaling more than $50 million. The contracts secure the provision of Weir Oil & Gas workshop services and engineering support for an oil field and valve repair and maintenance services for another giant oil field, respectively.

Weir is focused on building its Pressure Control and Oilfield Services to be the preferred supplier of pressure containment products and services for Drilling and Production customers in the Middle East. 

Ferguson Launches CVC Fund

Ferguson Enterprises, parent company of Wolseley Industrial Group, has launched Ferguson Ventures, the company’s Corporate Venture Capital (CVC) and strategic partnering arm focused on innovation and disruption. It formalized its first strategic partnership with GTP Services, an innovative software provider in the construction industry.

Ferguson Ventures was created to help discover, invest in and partner with companies and start-ups to accelerate the use of emerging technologies to help solve these industry problems. 

Petrobras Recognizes Metso Valve Business

Brazilian oil and gas company Petrobras has recognized Metso for its valve solutions, including its valve installation and maintenance services. The company evaluated its suppliers on criteria such as quality, adherence to deadlines, management, HSE, compliance and integrity.

Petrobras is a publicly-held company operating on an integrated basis and specializing in the oil, natural gas and energy industries world-wide. They are present in the exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments. 

Union Tech Awarded Contract for MTO Project

Union Tech Awarded Contract for MTO ProjectUnion Tech was awarded a contract consisting of Z4 rising-stem ball valves and paired actuators installed in Nanjing Chengzhi Yongqing Energy Technology’s 600 kt/a methanol-to-olefins (MTO) project in March 2018 by Wison Energy Engineering, who was the EPC for the project. The project, which converts methanol from coal and other sources into olefins that are the essential ingredients for plastic production licenses Honeywell UOP’s MTO technology. Chengzhi Yongqing’s MTO unit—which will be the operator’s second at the site—is scheduled for startup in 2019.

The contract spanned a wide range in valve sizes, from 1.5” up to 10”. Union Tech manufactured both the valves and matching linear pneumatic actuators. Final inspections were conducted and passed in August 2018 at Union Tech’s Houston, TX facilities, and the valves were subsequently shipped to the Chengzhi Yongqing MTO plant.  

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