Last updateFri, 11 Jun 2021 4pm

SPX Lowers Revenue Expectations for Q1 and Full Year

SPX Corp. announced updated revenue and earnings expectations for 2009. For the first quarter, revenues are expected to be down approximately 14% as compared to the first quarter of 2008. Organic revenues* for the first quarter are expected to decline 7%, while the impact of currency fluctuations is expected to reduce reported revenues by an additional 7%.

Source: SPX

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Interstate Specialty Products Joins VMA

The Valve Manufacturers Association welcomes Interstate Specialty Products (ISP) of Sutton, MA as their newest associate member. Started in 1963, ISP converts and distributes custom solutions for Science and Industry. The company specializes in precision die cutting and fabrication of plastics, filter media, specialty elastomers and custom gaskets from a multitude of materials. ISP also stocks a complete line of Porex Porous Plastics sheets, rods and tubes.


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Pagano Named President of ITT Industrial Process

Robert J. Pagano, Jr. has been appointed President of Industrial Process, one of the ITT Corporation fluid businesses headquartered in Seneca Falls, NY.

Bob Pagano replaces Ken Napolitano, who has been named president of ITT’s Residential and Commercial Water value center headquartered in Morton Grove, IL.

Source: ITT

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Flowserve Receives Additional Westinghouse Valve Orders

Flowserve announced in May 2008 that it received an order to supply main steam isolation valves for two Westinghouse nuclear power plant projects in China. Since that time, Westinghouse has also placed additional safety related valve orders to include main feedwater isolation valves and motor-operated gate and globe valves for two AP1000 Westinghouse nuclear projects in China.

Source: Flowserve

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