Mike Miazga 0000-00-00 00:00:00
Demand for industrial valves to approach $94 billion in 2015 Global demand for industrial valves is forecast to increase 5.4% per year through 2015 up to $93.5 billion, according to World Industrial Valves, a new study by The Freedonia Group, a Cleveland-based industry research firm. The study reveals continuing robust gains in the Asia/Pacific region will drive growth, as well as strong recovery in the United States and western European markets from a weak 2010 base. Valve demand growth in the United States will outpace the global average through 2015 due to recovery in the domestic economy after the 2007-2009 recession, the study reports. The study also notes the oil and gas industry will see strong growth in valve demand with increasing offshore, shale and tar sand-related exploration activities helping boost sales of higher-end products. The United States is among the countries predicted to record robust increases in the unconventional oil and gas sector. The global market for automatic valves, according to the study, will outpace that for conventional valves due to the continuing efforts of process manufacturers to improve operational efficiencies. The strongest gains will be registered in sales of separately sold automatic actuators. Nevertheless, the study shows conventional valves will account for 54% of world valve demand in 2015, with suppliers benefiting from the lower cost of these products relative to highly engineered automatic valves. For more on the study, visit www.freedoniagroup.com. J. O. Galloup celebrates 125 years in business J. O. Galloup Co. Celebrated its 125- year anniversary on Nov. 6, 2011. The Battle Creek (Mich.) Journal noted the company's start in a Nov. 6, 1886, article. "Olie (J.O.) Galloup has opened a plumbing, steam and gas fitting business at 8 E. Main St. Mr. Galloup is a practical and experienced workman and favorably known." The Galloup family owned the company for four generations before Galloup management purchased it in 2006. Current owners include Craig Geers, Douglas Riggs, Gary Longman, Nick Carter, Richard Waters and 10 other managers. Company headquarters remain in Battle Creek with 11 other locations throughout Michigan and two in Ohio. Galloup has experienced significant growth in recent years through acquisitions and organic strategies, according to the company. Acquisitions include: Smith Instrument, Grand Rapids, Mich. (1995); Smith Instrument, Detroit (1997); Merlo Steam Equipment (2006); D & S Welding (2007); and Steam Economies Co. (2008). Galloup also absorbed a significant part of what was the Bertsch Co., another four-generation industrial PVF distributor founded in 1875. Galloup employs more than 200 people in Michigan and Ohio and serves the food and beverage, power, commercial, institutional, automotive and steel markets. Georg Fischer acquires Harvel Plastics for $50 million Georg Fischer has agreed to acquire 100% of the issued and outstanding shares of Easton, Pa.-based Harvel Plastics for $50 million in cash. Closing of the acquisition is anticipated for the beginning of 2012. A subsidiary of Southfield, Mich.-based Detrex Corp., Harvel Plastics was founded in 1964 and is a pioneer in the manufacturing of PVC and CPVC pipes. Harvel generates sales of more than $60 million per year and employs 148 people with production sites in Easton and Bakersfield, Calif. The sale is another step in the implementation of Georg Fischer's strategy to further expand its piping systems business worldwide, according to the company. GF Piping Systems, a corporate group of Georg Fischer, is a global supplier of plastic piping systems for conveying liquids and gases in industrial, building technology and utility applications. Harvel and GF Piping Systems' product ranges are complementary, which will allow the combined entity to offer a comprehensive package of pipe, valves, fittings, sensors and instrumentation to its industrial pipe systems customers. The combination of Harvel's two U. S. plants together with Georg Fischer's Arkansas facility, will allow for a greater logistical coverage of the U.S. territory. "Both Harvel and Georg Fischer share a common vision for quality-driven innovation," Harvel CEO Earl Wismer stated. "Joining the GF family will allow us to continue to expand our product line and further extend our reach." BITS AND PIECES PVF INDUSTRY NEWS… Forbes magazine recently named Aquatherm to its list of America's 100 most promising companies. Aquatherm's annual revenue has more than doubled during the 2011 fiscal year. Forbes used financial data from 2008 to 2010 in its selection process. Also at Aquatherm, Zurich Insurance increased coverage amounts on the company's PP-R pipe and fittings from $18.5 million to $41 million, facilitated by a low-loss ratio on its installations worldwide. Anvil International announced its 192,000-sq.-ft. distribution center in University Park, Ill., has reached 1,000 days without a lost-time incident. The PVF manufacturer also promoted Brandon Gunnell to director of marketing.
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