Last updateThu, 22 Mar 2018 4pm


MRC Global Renews Distribution Agreement with DCP Midstream

MRC Global Inc. subsidiary, MRC Global (US) Inc., has renewed a five-year contract to supply pipe, valve and fitting (PVF) products and services to DCP Midstream, LP (DCP). The five-year contract includes both maintenance, repair and operations (MRO) and project work. MRC Global supports DCP's day-to-day and project PVF needs from more than 30 service locations throughout North America in addition to multiple consignment stores on-site at DCP locations. 

Emerson Completes Acquisition of ProSys, Inc.

Emerson has acquired ProSys Inc., a global supplier of software and services that increase production and safety for the chemical, oil & gas, pulp & paper and refining industries. ProSys complements Emerson’s May 2017 acquisition of MYNAH Technologies, which provides simulation and operator training software. The ProSys software portfolio supports Emerson’s Operational Certainty program. 

ASCO Valve and Numatics Now Doing Business as ASCO, L.P.

Effective January 1, 2018, ASCO Valve, Inc. and Numatics, Inc. began doing business as ASCO, L.P. This change in legal entities affects neither current channel alignment nor purchasing processes—everything will remain the same, including product authorizations. Within ASCO, a business unit of Emerson, Numatics will remain a product brand. 

Union Tech Names Chris Mayo Director for Global Power

Union Tech recently announced that Chris Mayo has joined the valve sales team as director for global power. He will be primarily responsible for power markets, which include Union Tech’s Z1 Unibody Power Valve amongst other valve products in the Z-Series line.

Mayo is an industry veteran who brings over 20 years of experience with the marketing and sales of metal-seated ball valves. His extensive knowledge of metal-seated ball valves and severe service applications will help Union Tech continue to expand its valve business by addressing the specific needs of end users.   

Velan Reports Third Quarter 2017/18 Financial Results

Velan Inc. announced its financial results for its third quarter ended November 30, 2017. Sales amounted to $87.7 million, an increase of $7.3 million or 9.1% from the prior year.

Net earnings amounted to $0.3 million or $0.02 per share compared to $1.5 million or $0.07 per share last year. After two consecutive quarters of losses, Velan returned to a profitable position in the current quarter due primarily to improved profitability at its French and Italian operations, which offset continued weakness in Velan’s North American operations, where fierce competition and tight market conditions were a drag on its results and margins. 



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