NEWS RELEASE                                   NOVEMBER 2008

Industrial Valve Revenues to Reach $56 Billion in 2012

Worldwide revenues for industrial valves are slated to rise to $56 billion in 2012, up from $47 billion in 2008.  The automatic regulatory and control segment is the largest, according to the McIlvaine Company in its continually updated online report, Industrial Valves World Markets.  The automatic regulatory and control revenues will reach $13.6 billion in 2012.  The U.S. will remain the top purchaser, but China will be close behind.

2012 Automatic Regulatory and Control Valve Revenues ($ millions): Top 10 purchasers

Industrial valve sales will be lower in advanced countries in 2009 than they were in 2008.  In the developing countries growth will be modest.  However, sales will increase substantially in the 2010-2012 period due to infrastructure growth in Asia, investments in renewable energies and biofuels, conversion of coal to liquids, population growth, urbanization in developing countries, and other factors.

The construction of new municipal wastewater treatment plants in Asia and desalination investment in many countries will help boost the market.

The forecasts are based on the assignment of specific odds for important events.   Here are some of them:

For more information on Industrial Valves: World Markets click on:  http://www.mcilvainecompany.com/brochures/water.html#n028