E&S Valve Components of Longview, TX, has been acquired by Array Holdings Inc., based in Muskogee, OK, effective May 1, 2006. E&S Valve Components was a subsidiary of Valve Components Inc., Muskegon, MI, which also owns DynaTorque.
As of mid-April, Industrial Info Resources (www.industrialinfo.com) was tracking 5,185 industrial projects in the United States with planned construction starts in 2006. These projects represent $169 billion in project spending.
The British steel forecasting firm MEPS estimates global steel output this year to reach 1,176 million tons, a 4.1% increase over 2005 production. The majority of the steel output improvement will take place in China and India.