Mike Miazga 2013-07-03 05:45:02
Freedenhal to be featured August PVF Roundtable speaker Longtime energy columnist and analyst Carol Freedenhal will be the keynote speaker at the PVF Roundtable meeting Aug. 20 at the JW Marriott Houston. Freedenhal has 50 years of experience in and has been a consultant on energy-related project engineering. For 17 years he has been a contributing columnist to the Pipeline & Gas Journal. Freedenhal is particularly proficient in focusing on the latest fossil-fuel developments such as liquid natural gas, as well as putting into perspective the role of the government’s heavily subsidized renewables. Freedenhal will share his knowledge regarding the state of the current energy evolution within the context of his career and will field questions on any aspect of energy expansion. The August meeting starts at 4:15 p.m. with the networking session. Dinner is served at 5:45 p.m., and PVF Roundtable President Danny Westbrook will open the proceedings at 6:30 p.m. Supply House Times columnist and ASA industry analyst Morris Beschloss will provide his PVF economic forecast for the remainder of 2013. For more on the PVF Roundtable, visit www.pvf.org. Wolseley releases third quarter results Wolseley recently released its thirdquarter results to April 30, 2013. In the company’s country-by-country breakdown, it reported like-for-like revenue growth in the United States of 8.3% “as the key businesses continued to take market share.” The report noted U.S. industrial was held back by lower activity levels in the shale gas sector. U.S. repair, maintenance and improvement markets for the company remained resilient and the recovery in new residential markets continued. HVAC and waterworks businesses also made good progress improving their trading performance.Gross margins were ahead of last year and overall U.S. trading profit of 115 million pounds (about $180 million) was 20 million pounds ahead (about $31 million). In Canada, the report stated the industrial segment continued to benefit from strength in the extractive sectors. Wolseley like-for-like revenue was flat as new residential construction volumes were weaker, but partially offset by continued infrastructure investment. MRC Global opens Tulsa distribution center MRC Global opened a new regional distribution center in Tulsa, Okla., in mid- June. The 80,000-sq.-ft. facility features more than $20 million in inventory and will employ 80 individuals. The center also includes space for a two-acre pipe yard and valve automation center. The center supports 13 service locations in Oklahoma and the Midwest. In other MRC Global news, the company, for the second year in a row, has been recognized as one of America’s largest public companies by Fortune magazine. Based on 2012 sales of $5.57 billion, MRC is listed at No. 451 on the Fortune 500 list. MRC ranked No. 493 on the 2012 list. Metals shipments still below 2012 levels Metal shipments from U.S. service centers in May 2013 were off the pace from May 2012 by 4.8%, while steel product inventories dipped 11.6% from last May. At the current shipping rate, there is 2.2-month inventory supply. Aluminum shipments by service centers decreased by 2.7% in May 2013 from May 2012 and inventories decreased by 4.6% from last year. This represents 2.8 months of inventory at the current shipping rate. In Canada, service center steel shipments fell by 10.1% in May 2013 from the previous year.Steel product inventory in Canada decreased by 7.5% from May 2012. Aluminum shipments in May decreased by 0.5% from the previous year, while inventory of aluminum increased by 2.7%.
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