Last updateTue, 28 Jan 2020 8pm

Velan Announces an Expansion of its Montreal Facilities

Velan Inc. announced an important expansion of its three Montreal plants in Saint-Laurent, which will include additional plant facilities, machinery, and equipment to increase capacity, improve productivity and enhance the Company's R&D capabilities. The total cost of this project will be approximately $25 million over the next three years.

Source: Velan

View Full Article



EPA Violations Pose No Public Threat

Failure to monitor valves at a Velma natural gas plant has led to enforcement action driven by the Oklahoma Department of Environmental Quality.

Tulsa-based Atlas Pipeline Mid-Continent LLC owns and operates Velma Gas Plant, which since November 2007 has been in non-compliance with air quality standards, according to Environmental Protection Agency reports.

Source: The Duncan Banner

View Full Article




Closed Valve Likely Caused Fatal Houston Blast, Feds Say

A closed valve that allowed pressure to build probably caused the explosion that killed an employee and injured six others at a southeast Houston chemical plant, the U.S. Chemical Safety Board reported.

The board is continuing its investigation into the June 11 blast and likely will focus on the company's practices for managing, inspecting, and maintaining relief systems; training operators and accounting for workers during emergencies, said CSB Chairman John Bresland.

Source: Houston Chronicle

View Full Article




Velan Inc. Reinstates Dividend and Reports its 2008 Financial Results

Velan Inc. reported financial results for the fiscal year ended May 31, 2008, with net earnings of $12.5 million, or $0.56 per share, compared to $18.4 million, or $0.82 per share in the preceding year. For the fourth quarter, net earnings amounted to $7.3 million, or $0.33 per share, versus $6.9 million, or $0.31 per share, in the preceding year.

Source: Velan

View Full Article




McJunkin Plans $750M Initial Public Stock Offering

Industrial pipe and valve distributor McJunkin Red Man Holding Corp. is preparing an initial public stock offering.

McJunkin's outlines plans to sell up to $750 million in stock in a filing with the Securities and Exchange Commission.

Source: The Associated Press

View Full Article





• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products