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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking May. 17, 2012

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Still a People-to-People Business
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
On Tuesday evening, Jack Bazemore, president of JABO Supply, a Huntington, W.Va.-based multibranch PVF distributor, was honored as the 43rd inductee into the PVF Hall of Fame at the PVF Roundtable's quarterly meeting and dinner in Houston. More

Special thanks to the Weldbend Corporation for making this event a memorable one for JABO Supply. From left: Curtis Drown, Vice President Sales & Marketing; Stephen Letko, Weldbend Corporation; Jack Bazemore, President; Jay Bazemore, Vice President; Patrick Hughes, Vice President Purchasing.

IPD Releases 2Q12 Commodity Reports
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Thus far in 2012, PVF sector activity has exceeded the industry's expectations after coming off a stellar 2011. For example, PVF wholesalers and suppliers are reporting forged steel fittings and related high-pressure piping components are surpassing the high volume levels of 2008. The IPD Commodity Reports are compiled and prepared quarterly by knowledgeable industry leaders and contain the most current and qualified market data. More

ASA CFO Networking Council Would Like to Hear From You
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A brief interest survey will be conducted with ASA CFOs on Friday, May 18. The purpose of the survey is to obtain feedback regarding the CFO Networking Council's performance from current members, as well as draw interest from potential members. If you would like more information on participating in the survey, please contact Margaret L. Bean at 630-467-0000, ext. 211.

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US Industrial Production, Housing Starts Rise
NASDAQ    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. home building was stronger than expected the past two months and industrial output rebounded in April, positive signs that two key sectors of the economy are stabilizing. Home construction increased 2.6% in April to a seasonally adjusted annual rate of 717,000, the Commerce Department said. That gain came on top of a significant upward revision to March's level. Industrial production jumped 1.1% last month, the biggest gain since December 2010, a separate Federal Reserve report said. More

QAI Laboratories, UL Join Forces to Enhance Plumbing Product Testing, Certifications
PRWeb via Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
QAI Laboratories and UL have announced a new alliance which benefits plumbing manufacturers by combining QAI's state-of-the-art testing capabilities with certification from UL, a leader in product safety. Products categories include, but are not limited to, plastic plumbing fixtures, plumbing fixture fittings, vitreous china plumbing fixtures, stainless steel plumbing fixtures and specialty devices. More

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China Under Pressure to Reverse Economic Slump
The Associated Press via    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gao Runping, who makes mechanical components for the oil industry, founded his business in the central city of Taiyuan with equipment bought from failing companies after the 2008 global crisis. Now, with China's economy cooling abruptly again, Gao sees another wave of bankruptcies about to hit his industry. "I can see about one-fifth to one-third of the factories are about to close, and owners are preparing to sell off their equipment," said Gao, general manager of Taiyuan Fanhe Engineering Co. More

Copper Sinks to Four-Month Low as EU Concerns Mount
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper slid to a four-month low on Tuesday after Greece said it will hold new elections and investors worried that the country might exit the euro zone. Copper headed for a third straight daily decline as the turmoil in Greece kept steering investment demand away from raw materials on concerns that further political and economic instability in the euro zone could hurt global economic growth and curb demand. More

US Manufacturers Could be Big Winners from European Crisis
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Among all the problems the European debt crisis pose to the global economy comes one possible benefit: A much-needed lift for American manufacturers. The growth in manufacturing, in turn, could help keep gross domestic product from plummeting to the recession levels being seen in Europe. U.S. companies are far less dependent on trade for GDP growth, so a downtrodden European consumer isn't as vital to American expansion. Earnings for large companies like 3M and United Technologies glistened in the first quarter, thanks in good part to bustling domestic business and some shield from the foreign turmoil. The U.S. government releases its initial GDP estimate for the first quarter Friday morning, with economists expecting a gain of about 2.6%. More

US Markets Rise on Manufacturing Data, Despite Greek Concerns via NASDAQ    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Whilst Greece goes under intense coverage and market concern after the failed last attempt at forming a government, leading to the announcement of new elections in June, the U.S. markets are edging higher. The S&P 500, the NASDAQ-100 and the Dow Jones 30 are rising by 0.42%, 0.70% and 0.30% after seeing released the U.S. ESM manufacturing data that surprised investors. In May, the figure rose from 6.56 to 17.09, well above the 9.00 consensus. Retail sales are showing resilience despite the slower recovery. More

USMTO: March Manufacturing Technology Orders Rise    Share    Share on FacebookTwitterShare on LinkedinE-mail article
March U.S. manufacturing technology orders totaled $495.97 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 11.3% from February but down 1.4% up when compared with the total of $502.89 million reported for March 2011. With a year-to-date total of $1.36 million, 2012 is up 12.9% compared with 2011. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. More


ASA Insights
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