10152018Mon
Last updateMon, 15 Oct 2018 7pm

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Weir Looks to Build on £81 Million Profits With Buys

Weir Group chief executive Mark Selway is on the lookout for further acquisitions as the integration of the engineering business's most recent purchases starts to produce returns.

Mr Selway indicated that it will not be too long before other deals are announced.

Source: Telegraph

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Sherwood Valve Announces Plant Consolidation

Sherwood Valve LLC, a division of Taylor-Wharton International, is consolidating all manufacturing and assembly operations into the company’s Washington, Pennsylvania and Cleveland, Ohio facilities. Current production processes at the Niagara Falls, NY factory will be relocated to Washington and Cleveland.

Source: Sherwood Valves

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Emerson Process Management Sales Increased 18% in Third Quarter

(08/05/08) Emerson Process Management continued to demonstrate strong momentum as sales increased 18% and margin for the segment expanded 170 basis points for the third quarter. Underlying sales were up 13%, favorable currency translation added 6% and a divestiture, net of an acquisition subtracted 1%. 

Source: Emerson

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EnPro Industries Reports Record Quarterly Sales, Profits and Net Income

EnPro Industries reported continued strength in its financial results as its performance during the second quarter of 2008 set new quarterly records for sales, segment profits, segment profit margins and income.

VMA associate member Garlock Sealing Technologies showed  increased demand from power generation, hydrocarbon production and processing, and metals and mining markets, both in the United States and the rest of the world, which benefited sales.

Source: EnPro

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Violating Export Rules No Longer a Minor Matter

For nearly two months, $750,000 worth of valves sat in the ValvTechnologies warehouse awaiting shipment to the Philippines.

The government's goal is to keep certain technology, chemicals and other goods that can be used for both peaceful and military aims out of the hands of individuals, companies and countries that could be a threat to national security.

 

 

Source: Houston Chronicle

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