Bob Miodonski 0000-00-00 00:00:00
NEWS, INSIGHTS AND BACKGROUND INFORMATION OF INTEREST TO PVF PEOPLE Former Shell Oil President To Address PVF Roundtable Former Shell Oil Co. President John Hofmeister will address the PVF Roundtable at its dinner meeting Oct. 18 in Houston. He now heads the not-forprofit Citizens for Affordable Energy, which he founded in 2008 after he retired from Shell. Hofmeister’s firm promotes sound U.S. energy security solutions, which include a range of affordable energy supplies, efficiency improvements, essential infrastructure, sustainable environmental policies and public education on energy issues. He is the author of “Why We Hate the Oil Companies: Straight Talk from an Energy Insider,” which was published last year. As Shell’s president from 2005 to 2008, Hofmeister launched an extensive outreach program to discuss critical global energy challenges. The program included an 18-month, 50-city tour during which he led 250 other Shell leaders to meet with more than 15,000 business, community and civic leaders, policymakers and academics to discuss what must be done to ensure affordable, available energy for the future. The PVF Roundtable is an organization of companies involved in the pipe, valve and fitting industry. These firms may be manufacturers, distributors, piping designers, engineering firms, construction companies or end-users. For information on membership and next month’s meeting, visit www.pvf.org Manufacturing Leads Uptick In Industrial Production The Federal Reserve Board of Governors reported Aug. 16 that industrial production advanced 0.9% in July with stronger manufacturing leading the way. Manufacturing output rose 0.6% in July following gains of 0.2% in both May and June. Capacity utilization for manufacturing in July was 75.0%, a rate10. 6 percentage points above its trough in June 2009. This level, however, still sits 4.0 percentage points below its long-run (1972-2010) average. Automotive products posted a jump of 5.9% to lead the increase in durable goods, as motor vehicle output rebounded after the supply chain disruptions that resulted from the earthquake in Japan. The output of construction supplies increased 0.3% in July, its second small monthly gain following a large jump in May, when it rose 1.3%. Over the past 12 months, the index for construction supplies has moved up 4.4%. Nevertheless, the index in July remained more than 20% below its average level during 2007. Another notable gain during July included the output of utilities, which increased 2.8% as the extreme heat during the month boosted air conditioning usage in many parts of the country. At 94.2% of its 2007 average, total industrial production for July was 3.7 percentage points above July 2010. The capacity utilization rate for total industry climbed to 77.5%, a rate 2.2 percentage points above the rate from a year earlier but 2.9 percentage points below its long-run average Global Stainless Steel Appoints Art Shelton As President Art Shelton joined Houston-based master distributor Global Stainless Supply Aug. 16 as president and chief operating officer. He oversees GSS and its subsidiary companies: Forgings, Flanges & Fittings and Global Pipe Supply. Bill Bootz, former president and CEO, has left the company. “Art brings to this position more than 30 years’ experience in the supply of products to the energy sector,” said John Howard, GSS director and interim CEO. “We believe his knowledge, expertise and professionalism will be cornerstones to our continued growth of the Global companies.” Supply House Times featured GSS as its cover story in August 2010. Our article chronicled the growth of the company from its start in 2002 to its acquisition of master distributor Forgings, Flanges & Fittings in 2006. The majority owner of the company is Sumitomo Corp. of America. GSS sales in 2010 were $150 million. More information on the company can be found at www.onestoppvf.com. BITS AND PIECES PVF PEOPLE ON THE MOVE… New World Stainless of Somerset, NJ, a manufacturer of precision-welded small-diameter stainless steel and nickel alloy tubing, has appointed Harry Stamateris as its director of business development. Deacon Industrial Supply Co., a distributor of pipe, valves and fittings, has appointed Scott R. Tollefson vice president of sales and marketing. Most recently Tollefson had been director of corporate accounts with W.W. Grainger.
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