·        Pump Displays at Chem Show Were Displayed By Application

·        Pumps World Market Update Headlines –December 2013

·        Pump Market to Generate Revenues of $40 Billion In 2014

·        Chemical Updates Headlines – December 2013

·        GDP Update Headlines - December 2013

·        World Power Generation Project Headlines – December 1, 2013

Pump Displays at Chem Show Were Displayed By Application

At the Chem Show, McIlvaine organized route maps by specific application. So under Organic Chemicals and Pumps you saw the following:

PUMPS WORLD MARKET UPDATE

December, 2013

TABLE OF CONTENTS

Acquisition

Vallin Corporation Merges with Lang Engineering Equipment

Finance

SPX Reports Flow Technology’s Revenue Up in Third Quarter

People

Curtiss-Wright Promotes Executive Officers

Projects

Amarinth Wins Contract for Statoil Offshore Oilfield

ClydeUnion Supplying Pumps for UK North Sea

Edwards Supplying Vacuum Pumps for Semiconductor Manufacturer

Edwards Sells Pumps to Korean Coatings Manufacturer

KSB Sending Pumps to Indonesian Power Plant

Torishima Pumps to be Used in New Jersey Combined Cycle Plant

Desmi Sells Pumps to Dutch Chemical Plant

Flowserve Books Pump Systems Order for California Desal Plant

ITT Goulds’ Pumps Supplied to Stanford University Energy Plant

Verderflex Pumps Help South Korean Electronics Company

Andritz’ Pumps to be Installed in Chinese Offshore Platform

Xylem Flygt Pumps Improve Heathrow Airport Wastewater Pump Station in UK

GIW Pumps Used in London Wastewater Treatment

Dickow’s Pumps Shipped to Saudi Arabian Petrochemical Plant

New Products

Rovatti Announces New Borehole Pumps

WORLD WATER AND WASTEWATER DESALINATION

INDUSTRY NEWS

One Third of $10 Billion Cross-flow Membrane Market Will Be In East Asia Next Year

Siemens Water Technologies sold for $862.4 Million

Toray Takeover of Korea's Woongjin Chemical

IDE buys Flowserve Pumps for Carlsbad Desalination

Schweitzer-Mauduit to acquire Delstar

Siemens Introduces Full Range of Vantage Systems to Europe

Pentair Innovation Honored at 2013 Aquatech

Conference “Harmful Algal Blooms & Desalination”, April 2014 in Muscat, Oman

NEW PLANT CONSTRUCTION NEWS

Advanced Wastewater Recovery System to be Installed at OK Rod Mill

Hialeah Leaders Celebrate Opening of New Water Plant

Abengoa to Build Power-Plant RO Project in Chile

GE, Carbon Holdings sign $500M Tech Agreement for Egypt Petrochemical Plant

Metito gets $54m ADNOC’s Ruwais Housing Complex Project

Venice Plans $6.7 Million Upgrade to Water Plant

TECHNOLOGY/NEW PRODUCTS NEWS

Technology helps Recycle Texas Fracking Flowback and Produced Water

Assessing the Potential of a UV-based System for Treatment of High-Salinity Municipal Wastewater

Distiller Shows Cost Advantage in Produced-Water Task

Siemens Introduces CoMag for Industrial Water and Wastewater Treatment

Carnegie Wave Energy Limited:  Completion of Desalination Plant detailed Design

Low Salinity Water Key to Unlocking Additional Oil Reserves in the UK's New Fossil Fuel Frontier

New Process Developed at UT might be Future of Clean Water

Many projects are detailed in monthly updates under Industry Analysis in the Report’s Chapters.

CHEMICALS
ETHANOL
FOOD & BEVERAGE
METALWORKING
MINING

OIL & GAS
OTHER ELECTRONICS
PHARMACEUTICAL / BIOTECH
PULP & PAPER
REFINERIES
SEMICONDUCTOR

POWER 

• Huge pump expenditures are forecast for flue gas desulfurization systems in the U.S. and China. The specific reports are available separately in Fossil & Nuclear Power Generation:  Analysis and Forecast (formerly World Coal Fired) and in Utility Environmental Upgrade Tracking System.

For more information on Pumps World Markets, click on:

http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019

Pump Market to Generate Revenues of $40 Billion In 2014

Pumps suppliers around the world will enjoy revenues of just under $40 billion in 2014. This is the latest finding in Pumps World Market published by the McIlvaine Company. www.mcilvainecompany.com

($ Billions)

East Asia will be the leader with forecasted purchases of $13.8 billion.  NAFTA will surpass Western Europe due to the oil and gas activity in the U.S. and the negative manufacturing climate in Europe. The high price of energy is slowing growth of manufacturing in Western Europe. Eastern Europe is faring somewhat better, but is still obligated by EU policies.

South America will exceed West Asia in 2014 due to the mining and energy projects underway.   Mines require water for processing and cooling.  Long pipelines also require multiple pumping stations.   Oil and gas exploration requires pumps for movement of the product as well as for produced water, chemical additives and lubrication fluids.

The Middle East remains a major market. However, the unconventional oil and gas processing in the U.S. and subsea processing in a number of areas have two negative impacts on the Middle East market share.  Total production is negatively affected in the Middle East. Also the comparative investment in pumps for conventional extraction is much less than unconventional extraction and processing.

The large size of the Asian market is due to the continuing investment in infrastructure.  The pump requirements for municipal drinking and wastewater treatment are substantial.  The preference for coal-fired power to supply additional generation is also a factor.  Huge water requirements are necessary for power plant cooling.  The extraction of water for Asian coal-fired power will reach 1.5 million mgd (millions of gallons per day) by 2020.   By comparison, U.S. power plants extract 300,000 mgd.  U.S. drinking water plants extract only 40,000 mgd.  However, the world’s power plants return all but 45,000 mgd to the rivers and streams, whereas, all the drinking water is consumed.

For more information on Pumps World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019.

CHEMICAL UPDATE 

DECEMBER 2013

 TABLE OF CONTENTS

 INDUSTRY

U.S. Chemicals Exports to Increase from Shale Gas Advantage

Shale Gas Makes U.S. Among Cheapest Places for Plastics Manufacturing

Brazil Ramps Up Fertilizer Production Amid Growing Agricultural Demand

COMPANY NEWS

Honeywell to Invest $300 Million to Build New Refrigerant Plant

Formosa Plastics Group Plans $2 Billion Expansion of Texas Operations

Norway’s Yara and BASF Plan Investment in U.S. Ammonia Plant

Solvay Divests PVC and Compounding Businesses

Kumho Petro Produces Carbon Nanotubes

For more information on Pumps World Markets, click on:

http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019

GDP UPDATE HEADLINES

 December 2013

AMERICAS

• United States
• Asia
• Australia
• Japan
• Mayanmar

EUROPE / AFRICA / MIDDLE EAST

• Austria
• Czech Republic
• Dubai
• France
• Latvia
• Saudi Arabia
• South Africa
• United Kingdom

AMERICAS - United States

(1.) The U.S. probably expanded faster in the third quarter than initially estimated and weekly jobless claims likely rose a bit, according to economists polled by MarketWatch. Gross domestic product for the July-to-September period is forecast to be revised up to 3.2% from 2.8%, largely because inventories rose even faster than the preliminary report showed. Jobless claims, meanwhile, are predicted to increase to 325,000 in the week ended Nov. 30 from 316,000 in the prior week.

(2.) Austrian school economist Mark Skousen has labored mightily for a quarter of a century to persuade the Bureau of Economic Analysis (BEA) to publish a better measure of economic activity in the United States, and beginning in April, the BEA will start publishing the country’s Gross Output — the GO.

Said Skousen, “Starting [in] 1990, I have made the case that we needed a new statistic beyond GDP that measures spending throughout the entire production process, not just final output. GO is a move in that direction — a personal triumph 25 years in the making.”

Ever since the establishment of the international monetary system at the Bretton Woods Conference in 1944, the Gross Domestic Product (GDP) has informed and driven monetary policy, often with unintended and unhappy consequences. By misreading economic activity, interventionist politicians and economists have implemented policies that have later turned out to be too little too late or, more recently, way too much. The GO, on the other hand, measures intermediate economic activity at all stages of production, from raw materials to the retail outlet.

As Skousen explained, “While GDP is a good measure of national economic performance, it has a major flaw: in limiting itself to final output, GDP largely ignores or downplays the “make” economy — that is, the supply chain and intermediate stages of production needed to produce all those finished goods and services.

“This narrow focus of GDP has created much mischief in the media, government policy and boardroom decision-making….

“Since consumer spending [under GDP analysis] represents 70% or more of GDP … the media naively concludes that any slowdown in retail sales or government stimulus is necessarily bad for the economy….

“In short, by focusing only on final output, GDP underestimates the money spent and economic activity generated at earlier stages in the production process….

“Using GO as a more comprehensive measure of economic activity, spending by consumers turns out to represent around 40% of total year sales, not 70% as commonly reported.

“Spending by business … is substantially bigger, representing over 50% of economic activity.”

This aligns better with common-sense economic theory as well, that production precedes consumption, not the other way around. GO will also show that the real size of the U.S. economy isn't $16.8 trillion as is commonly acknowledged, but will come in at nearly twice that figure when it is released in April, according to Skousen.

Even so, with the update in place, GO will still leave out enormous parts of the economy, and will fail to measure the unmeasurables, such as quality of life, speed of information via the Internet, and caring for children at home by parents. It will fail to differentiate between “wasteful” spending — i.e., foreign wars and consequent loss of life and limb and destruction of property and war matériel — and “productive” spending. It will fail to measure the potential advantage of obtaining a college degree, or the disadvantage of taking up smoking.

It will count legal fees, repairing of property damage, and medical expenses as positives instead of negatives. It will allow for such silliness as counting the value of a new home being built, as well as the cost of razing it following a flood or a hurricane. It will count disasters as positives and imports of superior goods from abroad (instead of buying inferior ones locally) as negatives. It will continue to count borrowing as a good thing no matter how it is spent or by whom: individuals or governments.   (The remaining text is not included in this sample.)

ASIA - Japan

Japan's economy expanded at a slower pace than initially estimated in the third quarter of 2013, according to the government, sparking concern that the government's "Abenomics" policy mix may fail to help the nascent recovery gain momentum.

The world's third-biggest economy grew at an annualized rate of 1.1% in the three months through September in inflation-adjusted terms, downgraded from preliminary data against the backdrop of a downward revision to capital spending.

The July-September growth in real gross domestic product, the total value of goods and services produced at home, corresponded to a 0.3% gain from the previous quarter, posting the fourth straight quarter of increase, the Cabinet Office said.

The government said in the initial report, released Nov. 14, that the nation's economy expanded an annualized real 1.9% in the July-September period, following a revised 3.6% rise in the April-June period.

The latest figure suggested Japan's economy has been largely supported by public investment, not private sector growth, strengthening the view that the planned 3-percentage-point sales tax hike next April to 8% may weigh on consumer spending and investment, in turn dampening domestic demand.   (The remaining text is not included in this sample.)

EUROPE / AFRICA / MIDDLE EAST - Saudi Arabia

Saudi Arabia's gross domestic product grew 3.19% in the third quarter of 2013 in current prices compared with a 2.7% rise in the previous three months, the Central Department of Statistics reported.

The GDP value rose from SR675.19 billion in the third quarter of 2012 to SR696.7 billion. During the same period the GDP rose by 3.05% in real prices, the department said.

In the public sector the GDP fell by 18.52% to SR102.6 billion in current prices, compared to the same period in 2012. However, in real prices it showed a growth of 2.43%.

The private sector, on the other hand, achieved a growth of 6.53% in current prices in the third quarter of 2013 to reach SR244.08 billion compared to the figure of previous year, SR229.13 billion.

The construction and building sector and downstream industries showed big growth at the rate of 9.76% and 7.87% respectively. In stable prices, the sector’s growth rose by 3.31%.    (The remaining text is not included in this sample.)

A complete analysis of GDP and Monthly Updates for individual countries are included as part of Pumps World Markets.

For more information on Pumps World Markets, click on:

http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/116-n019

World Power Generation Project Headlines

This includes only projects where there was an update during the month.  There are thousands of projects in the database.

Revision Date:  December 1, 2013

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

For more information on World Power Generation Projects, click on: http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40ai

-----

You can register for our free McIlvaine Newsletters at: http://www.mcilvainecompany.com/brochures/Free_Newsletter_Registration_Form.htm.

Bob McIlvaine
President
847 784 0012 ext 112

rmcilvaine@mcilvainecompany.com

www.mcilvainecompany.com

191 Waukegan Road Suite 208 | Northfield | IL 60093

Ph: 847-784-0012 | Fax; 847-784-0061