TPT May 2010

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I ndustry N ews

 Innovative solutions forallstandardconnectivity and functional requirements from theprocess line to the instrumentareavailable inParker’s range

Path to leak-free instrumentation systems unveiled at Offshore show

Parker has now developed a com- prehensive range of innovative solutions for instrument interfacing in the form of integrated and close-coupledmanifolds. For standard double-block-and-bleed requirements Parker offers manifolds in monoflange and flange-ended forms, providing ‘one-piece’ solutions that eliminate any need for system building using discrete valves (and all the additional connections and potential leak paths of that approach). These manifolds are now optionally available in new, ultra-low-emission, ISO 15848 compliant forms. Parker’s newest integrated manifold solution is the highly innovative CCIMS close-coupled instrument mounting system. CCIMS provides a novel means of directlyattachingadifferentialpressure flow measurement instrument to a process line. Parker is now releasing CCIMS variants for differential pressure levelmeasurement applications, and for static pressure measurementaswell. “Process instrumentation connections have evolved over a hundred years and, inevitably, tube connections and valve and manifold techniques are steeped in tradition,” says Parker Hannifin’s Sheldon Banks. “There’s enormous scope for rethinking how things are done to provide more reliable leak-free systems, and this innovation-based approach underpins our instrumentation product range.” Parker InstrumentationProducts

A COMPREHENSIVE product range for minimising potential leak paths in process instrumentation was unveiled at Offshore Europe by the instrumentation products division of Parker Hannifin, which specialises in motion and control technologies. Solutions for all standard connectivity and functional requirements from the process line to the instrument are available inParker’s range as a result of an intensive innovation-driven developmentprogramme. A foundation of the range is the elimination of leak-prone taper thread

connections, and with it any need for PTFE tape or anaerobic sealant – another common cause of problems in the field. Parker’s solutions in this area extends the scope of reliable compression tube fittings throughout the instrumentation chain, by integrating compression tubing ends onto valves andmanifolds. Combined with accessories such as threadless piping interfaces that convert a standard flange to a compression tubing connection, plant engineers have the means of eliminating NPT threads in any standard instrumentation application.

The international magazine for the tube and pipe industries providing worldwide news and information on tube and pipe production, processing and machinery.

 Parker'ssolutions forminimisingpotential leakpaths is theeliminationof leak-prone taper thread connections – acommon causeofproblems in the field

DivisionEurope –UK Email: ipd@parker.com Website:www.parker.com

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G lobal m arketplace

Department lawyerStuartDGibson that it had been initialled by the parties, and that they would ask the federal judge presiding in the case to dismiss thematterwhen the final documentswere signed. Thisoutcomehadnot seemed tobe in the cards.Asnoted in the Post when the initial breakthrough was announced: “[It] followed a long-running legal battle that had already underminedSwitzerland’s legendary bank secrecy, exposed what the US alleged was a conspiracyat theheartofSwissbankinggiantUBS,and threatened to damage relations between two otherwise friendly countries.” Now some closure had been achieved, to the rejoicing of everyone except, perhaps, the 4,450American clients ofUBSwhose names were to bemade known to the IRS. Aspoilsport question But just howmuch change can be expected in the Swiss banking industry’s culture of discretion?WhileAmerican authorities assert that theirpursuitof taxevaderswillnot stopatUBS, the cautionary impact of the deal reached inAugust is far from certain.As noted by reporter Lynnley Browning of the New York Times , “Smaller Swiss banks say they are confident that they can blunt its effects and continue to profit by finding new, more elaborate ways to protect the privacy” of clients. (“Names Deal Cracks Swiss Bank Secrecy,” 20August) For thatmatter, howmuch peril looms for the 4,450 “names” of interest to the IRS? UBS is obliged to give them up to the Swiss tax authority for forwarding toWashington.But, under the terms of a new tax treaty between theUS and Switzerland, full transmittal of the names could take more than a year. In the meantime, UBS will have notified these clients, who may then appeal the disclosures inSwiss courts. In light of the “new political climate” in the US, another Times contributor acknowledged that we may expect to see a few rich Americans “shifting uncomfortably.”But,GrahamBowleywrote: “Although the United States is supposed to learn the identities of a few thousand tax evaders, those names will go first to an intermediate tax administration inSwitzerland for review.The actual process of recovering the namesmay become lost in bureaucracy and foot-dragging.” (“A Privileged World Begins to Give Up Its Secrets,” 23August) Of related interest . . . › A survey by specialist consultancy Scorpio Partnership of 14,000 private bankers and 7,000 wealthy individuals showed that private wealth managed by banks and investment managers around the world decreased nearly 17% to $14.5tn in 2008 from a year earlier. The fall in managed wealth, the first since 2002, highlights the industry pressures of the global financial crisis and weakening bank secrecy in offshore centres after years of buoyant growth. (ecommerce-journal.com,6 July)

The UBS deal WillSwitzerland’s culture of discretion in bankingmatters never again be the same? Or,will it forever be the same?

■ Reviews on the newest technology available

NilsMerkel

Up-to-date business and market news

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TheSwiss banking systemwill be forced to change

“UBS’s mistakes have opened a gaping hole in banking secrecy that can no longer be closed.TheUS has blown up a dam thatwas considered unshakeable andwithoutweakness.” This analysis, attributed to the Swiss newspaper Le Temps by an English-language website of Swiss Broadcasting Corp, refers to the persistent and ultimately successful effort of the US to wrest from Switzerland’s largest bank, UBS, the names of some Americans suspected of dodging taxes through the use of secret accounts. On 11 August, it was reported that negotiators from the two countries had reached a settlement that averted a legal showdown over Washington’s request for a federal court ruling compellingUBS compliance. In brief, UBS, the world’s second-biggestmanager (after Bank of America) of money for high-net-worth individuals, in February 2009 acknowledged criminalwrongdoing in selling offshore banking services thatmight have enabledAmerican citizens to evade their tax obligations. The bank consented to pay $780mn in penalties and also to share with the US Internal Revenue Service (IRS) the names of some 250UBS clients.Aday later, the IRS sued the bank for information on asmany as 52,000 of its clients. On 31 July the US and Switzerland said they had reached an agreement in principle on the lawsuit. This was followed quickly by word of the settlement and, on 19 August, by publication of its amended terms: UBS would turn over the names of 4,450 American clients suspected by the IRS of employing Swiss accounts for tax evasion. Enthusiastic response This resolution of the landmark challenge to Swiss bank secrecy was widely applauded. IRS Commissioner Doug Shulman was quotedassaying that theagreement “protects theUSgovernment’s interests.” For the Swiss, EvelineWidmer-Schlumpf, who heads the FederalDepartment of Justice andPolice, issued a statement that the “compromise” was “in the interests of both states”. Even UBS chairman Kaspar Villiger professed himself pleased, saying the bank was “grateful” for the agreement, which came a scant week before the scheduled opening of a trial in the case, after three postponements. And the agreement appeared likely to hold. Washington Post staff writer David S Hilzenrath cited the assurance of US Justice

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Pacific Rim Enjoying the rewards of its prudence, Australia has also become increasingly dependent onChina

Because Australia moved quickly and aggressively to switch its monetary and fiscal policy to stimulus, Australian banks were not exposed to the consequences of unwise lending practices

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November 2009 |Vol 22No 6 |US$33

September 2009 |Vol22No5 |US$33

TUBEMILLS ROLLFORMERS CUT-OFFS WELDERS PRESSES STRAIGHTENERS &MORE

T echnology U pdate Chamfering module passes the 2,000 units an hour mark

RSAhas introducedanewhigh-performance circular saw called RASACUT XS that is designed for diameters of between 6 and 30mm and achieves high production levels that can only bematched by bundle cutting. The product is used in the automobile industry, especially for engine fuel lines. Inaddition to thisnewsaw,RSAhasnow brought a module for the chamfering and facing of tubes in the same diameter range onto the market. Hourly outputs of up to 2,400 units are possible, depending on the range of parts.The guaranteed precision of fixed lengths is±0.05mm. When used in combination with the RASACUT XS saw, the result is a top- performance saw centre with a high output and high level of automation and the company claims it permits the production of precise fixed lengths at an attractive price. The precise and defined edging condition of the tubeends– forexample,when forming theends, flatteningdownorbending–enable further processing costs to be reduced. RSAEntgrat-u Trenn-SystemeGmbH& CoKG –Germany Fax: +49 2351 995 300 Email: tiemo.krause@rsa.de Website:www.rsa.de THESiemens IndustryAutomationDivision hasexpanded itsSimaticWinCC/Downtime Monitor and Simatic WinCC/DataMonitor software options for theSimaticWinCCV7 Scada system. The DowntimeMonitor can now also be used forequipmentwithvaryingspeeds.The shiftmodelhasalsobeenenhancedtoinclude up to threeshiftcalendars forcomparing the use of machines and plants with different shiftmodels. This feature can prove useful for analysing production fluctuations, for example when two machines deliver varying product qualities or quantities when operating under otherwise identical conditions. The DataMonitor tag selection for theWebcenter has also been improved. The WinCC/DowntimeMonitor and WinCC/DataMonitor software options are used for visualising production processes as well as capturing, analysing and distributing production data. The software calculates production figures,aswellasdisplayingandevaluating

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 Defined internal and external chamfering aswell as facing of tubes and solid bars are possible

New functions for Scada software brings more plant transparency

March 2010 |Vol 23No2 |US$33

May2010 |Vol23No3 |US$33

reports previously created offline in Excel. Thanks to new tools for the installation-free Webcenter, process values are displayed withmore transparency than ever before. This version of the WinCC/ DowntimeMonitor and WinCC/DataMonitor also provides the userwithGantt diagrams for the machine status, which can quickly zoom details of any selected period of time,with a singlemouse click immediately leading back to the original time space within the overall display. It is also possible to set the maximally attainable production speed (no of pieces/ time unit) for production changeovers. The system can now automatically adjust toalternately filling smallerand larger containers or cutting shorter and longer workpieces, for example. This means that the actual values in each case can always be properly assigned to the relevant maximum value and the correct figures calculated, for example performance from the actual and desired throughput. SiemensAG –Germany

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them, which results in increased plant transparency and productivity. In the latest WinCC/DataMonitor version, the user now utilises the server to distribute the

 TheDowntimeMonitor

FLYINGCUT-OFF DOUBLEBLADE Ø8"x10mm

Email: contact@siemens.com Website:www.siemens.com

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