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Lafarge Sells North American Gypsum Division

June 25, 2013 9:44 am | by Lafarge

Lafarge North America's Gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the United States and Canada. In 2012, these operations generated sales of 310 million US dollars. As a reminder, these operations were classified as assets held for sale in the Lafarge's consolidated balance sheet since 2011.

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BDI Opens New Branch In Flint, MI

June 24, 2013 9:57 am | by BDI

“Our new Flint branch supports several large customers associated with the automotive industry,” says BDI-USA President John Ruth. “This presence allows BDI to bring our solutions-driven service model closer to our customers.” BDI Branch #048 is located at 4184 Pier North Blvd., Suite D, Flint, MI 48504. Tel: 855-587-8894; Fax: 810-732-3562.

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Praxair Acquires Volgograd Oxygen Factory, Expands In Russia

June 24, 2013 9:54 am | by Praxair, Inc.

VOF is an established leader in the Volgograd region, serving more than two thousand customers in a variety of industries including steel, aerospace, healthcare and food and beverage. Praxair has invested in four other major projects in Russia, with combined production capacity greater than 3,500 tons per day of gaseous and liquid oxygen, nitrogen, hydrogen and argon.

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IBT, Inc. Is Now IBT Industrial Solutions

June 24, 2013 9:47 am | by IBT Industrial Solutions

IBT Industrial Solutions provides industrial products, engineering expertise, and inventory management to plants and warehouses in a variety of industries, including manufacturing, food processing, packaging, bottling, aggregate, and power generation.

AD Promotes Kinsella To VP Of Supplier Relations

June 21, 2013 10:11 am | by Affiliated Distributors

David Kinsella’s background in the electrical industry includes tenure with Affiliated Distributors' Preferred Suppliers, Intermatic and Hubbell-Killark and seven years at an electrical distributor giving him a wide breadth of experience and channel knowledge.

RONA To Sell Its Commercial & Professional Market Division

June 21, 2013 9:52 am | by RONA, Inc.

The Commercial and Professional Market division was created when RONA acquired Noble in 2007. It then grew over the years, organically and through acquisitions. With 1,400 employees in Ontario, Quebec and British Columbia, the Commercial and Professional Market division has been operating under the Noble, Don Park, MPH Supplies, Boutique Eaudace and Boutique Plomberie Decoration 25 banners.

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Applied Declares Quarterly Dividend, Announces Annual Meeting Date

June 21, 2013 9:45 am | by applied

Applied Industrial Technologies Chief Executive Officer Neil A. Schrimsher announced that the company's Board of Directors has declared a quarterly cash dividend of $0.23 per common share, payable on August 30, 2013, to shareholders of record on August 15, 2013.

Kaman Constructing Bearing Manufacturing Facility In Germany

June 20, 2013 9:35 am | by Kaman Corp.

The new facility is being built to accommodate Kaman’s RWG business, which has continued to experience significant growth in the European aerospace markets as well as in new, emerging markets around the globe. The state-of-the-art manufacturing facility will support Kaman’s commitment to operational excellence and will double the company’s capacity by replacing an existing facility in Dachsbach, Germany.

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ABB Names Ulrich Spiesshofer CEO

June 19, 2013 4:21 pm | by ABB

Spiesshofer, formerly the head of its Discrete Automation and Motion (DM) division, will become Chief Executive Officer, succeeding Joe Hogan in this role in an orderly transition on September 15, 2013. Hogan will continue with ABB for some months as Senior Advisor to the Board.

Research & Markets Releases Industrial Products Distribution Report

June 19, 2013 4:07 pm | by Research and Markets

The publication of the 5th edition of the report titled "General Industrial Products Distribution Market Report - UK 2013-2017 Analysis" includes up to date information on recent trends and issues that continue to impact on the market, as well as market performance reviews and forecasts looking forward to 2017.

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Industrial Truck Sales Hold Steady, Mirror U.S. Economic Indicators

June 19, 2013 9:29 am | by Industrial Truck Association

The production of powered industrial trucks, or forklifts, appears to be growing steadily this year, a positive sign for companies who produce forklifts as well as for the U.S. economy as a whole. Data gathered from members of the Industrial Truck Association (ITA) shows an estimated expected growth of 2 to 3 percent for 2013 over 2012 figures, with another 1 to 2 percent increase anticipated in 2014.

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FedEx 4Q Profit Drops As Priority Services Lag

June 19, 2013 9:25 am | by David Koenig, AP Business Writer

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. FedEx delivers shipments from businesses to consumers and other companies. Because its customers span so many industries, it's often seen as an economic bellwether.

MRC Global To Acquire Flow Control Products

June 19, 2013 9:14 am | by MRC Global, Inc.

Founded in Odessa, Texas in 1981, Flow Control is a leading provider of pneumatic, electric and electro-hydraulic valve automation packages and related field support to the Permian Basin energy industry, including production facilities, pipelines, and plant operations.

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Timken & Stark State College Open Technology Center

June 18, 2013 9:52 am

The $14 million center on Stark State College’s North Canton, Ohio, campus tests ultra-large bearing systems that can be up to 13 feet in outside diameter on sophisticated equipment capable of simulating harsh operating conditions similar to those found in large multi-megawatt wind turbines. The new test facility is expected to shorten development cycles and improve the reliability and cost-effectiveness of these systems.

Rockwood To Sell CeramTec

June 18, 2013 9:49 am | by Rockwood Holdings

CeramTec, headquartered in Plochingen, Germany, is a leading global producer of high performance advanced ceramics materials and products. With approximately 3,000 employees and 18 facilities globally, it serves four principal end-markets: (1) medical; (2) electronics; (3) industrial; and (4) automotive.

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Jergens Industrial Purchases Assets Of Gray Industrial Supply

June 18, 2013 9:47 am | by PR Web

Together, JIS, Gray Industrial Supply and Spectrum Supply offer over 100 years of combined experience. With this purchase, JIS continues to build its business as the largest and most technically advanced industrial distributor within 200 miles of Cleveland. Now, JIS is able to offer customers the value added service of band saw blade welding that many of the larger catalog houses do not provide.

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U.S. Wholesale Prices Rise 0.5 Percent In May

June 17, 2013 9:47 am | by Christopher S. Rugaber, AP Economics Writer

The Labor Department said Friday that the producer price index rose 0.5 percent in May from April. That nearly offset a 0.7 percent decline in April from March. Gas prices rose 1.5 percent last month, and food costs increased 0.6 percent.

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Stock Building Supply Files For IPO

June 17, 2013 9:46 am | by Stock Building Supply

Stock Building Supply Holdings, Inc. announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “Commission”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

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Oil Rises Past $98 Ahead Of Fed Meeting

June 17, 2013 9:44 am | by Pablo Gorondi, Associated Press

Over the past few days, traders have grown increasingly worried over the intensifying civil war in Syria. At least 93,000 people have been killed in the Syrian conflict since it erupted in March 2011, according to a recent U.N. estimate. President Bashar Assad's forces are pressing ahead with an offensive to regain territory they lost to the rebels trying to topple his regime.

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PT Distributor Report Reveals Secrets Of High Profit Firms

June 13, 2013 1:29 pm | by PTDA

Compiled from data confidentially provided by participating PTDA distributor member companies, the PT Distributor Performance Report indicates the pre-tax profit of a typical power transmission/motion control distribution firm was less than half that of high-profit firms.

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